What we are now witnessing is residue from the era of colonialism.
A Financial Transactions Tax would effectively impose a sales tax on stocks and other financial assets, so that speculators have to pay a tax on their trades.
Peter Rugh is a Brooklyn-based reporter. He contributes to Vice.com and is a correspondent for WagingNonviolence.org. For examples of recent journalism, visit johnreedstomb.tumblr.com/articles.