With eyes on 🇻🇪, here are 5 key takeaways from the Post's recent exposé of US sanctions policy.

(1) Venezuela's sanctions-fueled crisis was the largest peacetime economic contraction in modern history. (2) Over 7 million people left Venezuela since the crisis began. From a country of ~30 million.

NEW: The UN General Assembly adopts "Towards a New International Economic Order" by a vote of 123-50.

The results speak for themselves: These regular resolutions recommitting to the #NIEO are a sign of the continued power of that vision.

But nearly 50 years on, routine votes are not enough — it's time to revitalize the spirit of the NIEO, and build a movement toward its realization.
act.progressive.international/nieo/

ICYMI: Last week, the @ProgIntl inaugurated a new global process toward a New International Economic Order fit for the 21st century.

My role is modest, but I'm proud to play a part in this urgently needed initiative. Watch the #NIEO launch event here:
50 years ago, the nations of the Third World came together in a moment of crisis to envision a radical restructuring of the global economy: a NIEO

In the midst of our own crisis, we ask: what should a new NIEO look like, and how do we make it a reality?

The @OECD is expected to announce today that ~140 countries have reached an agreement on a new global corporate tax deal.

The world tax system is unjust. But this won't fix it. The OECD process has been led BY rich countries, FOR rich countries. (1/7)
rte.ie/news/2021/1008… The plan has 2 pillars. The 1st makes companies pay more taxes where they actually do their business, rather than where they claim their profits... BUT it only applies to 100 companies, sets a low rate, & requires countries to get rid of their existing digital service taxes (2/7)