A recent headline about an Italian design studio’s plans for a gigantic superyacht caught my eye. Shaped like a turtle and the size of a small city, it would be the largest floating structure ever built, with a cool $8 billion price tag.
Maybe more pipedream than billionaire bunker, but there is a crowd-funder running where you can buy non-fungible tokens (NFTs) giving you virtual ‘unreal estate’ aboard (please don’t!).
Perhaps that is a logical outgrowth of a world where markets have gone mad. Back in reality, the cost of living crisis is biting almost everywhere. But did that stop the Monaco Yacht Show, the annual conclave of luxury tubs? Of course not. Carpe diem is the mood of the moment among prospective floaters (what else to call owners of superyachts?), an organizer told CNN. And there was me thinking seizing the day meant a beer too many on a Friday night, or not putting off tackling that pile of dirty dishes.
In this edition we dive into the damage wage-busting inflation is doing around the world, fish out its causes and, since the rich aren’t throwing us a life rope, swim in search of our own solutions.
The jarring co-existence of extreme riches and severe deprivation is not incidental but central to this unfolding tragedy. So – to stretch the analogy a bit further – let’s climb the rigging together, scan the horizons and set sail for more equal shores.
Elsewhere, we have Sophie Neiman reporting on the trial of a former child soldier in the notorious Lord’s Resistance Army, Husna Ara imagining a decolonized mental health service and Danny Chivers on some of 2022’s climate wins.
Nick Dowson for the New Internationalist co-operative.
Over the past 50 years, powerful states and corporations have imposed neoliberal policies around the world, delivering a potent cocktail of privatization, deregulation and cuts to public services. Millions have died from inadequate access to basic nutrition. There is another way, write Dylan Sullivan and Jason Hickel.
A former child soldier in the ferocious Lord’s Resistance Army has been on trial for war crimes in Uganda for 13 years. Meanwhile thousands of other fighters have been welcomed home under amnesty legislation. Sophie Neiman visits Gulu to find out how this contentious case is failing the LRA’s victims.