All the articles
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Greece: The elusive “Return to Normality” against the background of the historic bankruptcy of its left
23 August 2019 - by Yorgos Mitralias
Almost unanimously, the Greek and international media and the leaders of the main Greek parties are celebrating the result of the Greek election as “a return to normality” for the country whose crisis has hit the headlines over the last decade. This return to normality is because the combined votes for New Democracy 39.9% and Syriza 31.4% gives (...) -
Series: 1944-2019, 75 years of interference from the World Bank and the IMF (Part 19)
James Wolfensohn switches on the charm (1995-2005)
21 August 2019 - by Eric Toussaint
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
The African Continental Free Trade Agreement: Loss of Sovereignty, Lack of Transparency
19 August 2019 - by Jonathan Cannard
The African Union’s Assembly of Heads of State and Government conceived of the African Continental Free Trade Agreement (AfCFTA) in 2012 with the goal of creating a Continental Free Trade Area by 2017. In March 2018 the majority of AU member states signed the agreement to establish the free trade area, with most remaining AU members signing (...) -
Finance: fiddling, fetish and fiction
14 August 2019 - by Michael Roberts
Nothing changes in the finance sector globally, despite the catastrophic impact of the banks on the world capitalist economy in the global financial crash and the ensuing Great Recession. In previous posts, I have highlighted the greed, recklessness and instability of the finance sector and its operational leaders. As Marx said, finance is (...) -
Women’s/Feminist Strike in Switzerland: A Step Forward on the Road of the Internationalization of Feminist Struggles
13 August 2019 - by Stéfanie Prezioso
“But what do they want?” was the question since the first Feminist Conference in June 2018 held in Lausanne and its call for a Women*’s / Feminist strike to be held a year later. On the 14th of June 2019, exactly 28 years after the first-ever women*’s strike in Switzerland, more than half a million women* and supportive men took part in (...) -
Series: 1944-2019, 75 years of interference from the World Bank and the IMF (Part 18)
Presidents Barber Conable and Lewis Preston (1986-1995)
10 August 2019 - by Eric Toussaint
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
Series: 1944-2019, 75 years of interference from the World Bank and the IMF (Part 17)
The World Bank and the IMF: the creditors’ bailiffs
4 August 2019 - by Eric Toussaint
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
Puerto Rico rises...
24 July 2019 - by CADTM AYNA
CADTM Latin America and the Caribbean (CADTM - ABYA YALA - Our America) stands in solidarity and marches along with the brave Puerto Rican people and, among them, the comrades with whom we participated in the Latin American and Caribbean Week against Illegitimate Debts, held from December 2 to 8, 2018. We are aware, through the experiences (...) -
A profits recession?
22 July 2019 - by Michael Roberts
This week, we get the first US company reports on earnings for the second quarter of 2019. And it looks as though there will be the first back-to-back drop in overall earnings since the mini-recession of 2016. S&P 500 companies are expected to report an average earnings fall of 2.8 per cent in the second quarter, according to data (...) -
Pakistan and World Bank Settlement of Investment Disputes – Do not pay the unfair fine; oppose the unjust decision of ICSID
22 July 2019 - by Farooq Tariq
This is a story of the dodgy deal by a multi national company and then earning massive amount of money through the so-called process of Settlement of Investment Disputes, a World Bank institution acting against developing countries. This is a new way of exploitation of the under developed countries by these foreign investors where corruption (...) -
Series: 1944-2019, 75 years of interference from the World Bank and the IMF (Part 16)
The Mexican debt crisis and the World Bank
22 July 2019 - by Eric Toussaint
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
Puerto Rico: people are in the streets against sexism, homophobia, austerity and corruption
21 July 2019 - by Pierre Gottiniaux
A political scandal recently pushed thousands of Puerto Rican people into the streets to march under the catchword ‘Ricky Renuncia!’, Ricardo, quit! - Ricardo Rossello is the island’s current governor. On 11 July 2019, an anonymous source published personal messages from the governor’s Telegram account (a crypted application similar to (...) -
Nicaragua 1979-2019
18 July 2019 - by Eric Toussaint, Nathan Legrand
THE NICARAGUAN GOVERNMENT’S violent repression against demonstrators protesting its brutal neoliberal policies, resulting in more than 300 people being killed by regime forces since April 2018, is only one of the reasons why various leftist social movements have condemned the Nicaraguan regime led by President Daniel Ortega and Vice-President (...) -
Series: 1944-2019, 75 years of interference from the World Bank and the IMF (Part 15)
The World Bank saw the debt crisis looming
17 July 2019 - by Eric Toussaint
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
How Wall Street Colonized the Caribbean
12 July 2019 - by Peter James Hudson
The expansion of banks such as Citigroup into Cuba, Haiti, and beyond reveal a story of capitalism built on blood, labor, and racial lines. This essay is featured in Boston Review’s Spring 2019 issue Racist Logic. Buy a copy and receive a free digital edition of Race, Capitalism, Justice. Scrubbed from the pages of glossy coffeetable (...) -
Greece: completing the vicious circle
12 July 2019 - by Michael Roberts
So the full circle is completed. The corrupt pro-business conservative New Democracy party in Greece that was ousted by the anti-capitalist Syriza party in 2015 has been returned to office in yesterday’s general election, with an outright majority over all other parties. New Democracy party got just under 40% of the votes cast. Syriza under (...) -
Series: 1944-2019, 75 years of interference from the World Bank and the IMF (Part 14)
The debt trap
8 July 2019 - by Eric Toussaint
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the IMF have systematically made loans to States as a (...) -
Post-Bouteflika Algeria: For a Democratic Transition
6 July 2019 - by Jérôme Duval
In Algeria, the slogan Yatnahaw ga’, “that they all blow off”, sums up the widely shared popular will to put an end to the “Bouteflika system”. It is a question of setting in motion a process of transition to a Second Republic. In homage to Ramzi Yettou, a victim of repression who died at the age of 23, on Friday 19 April, of internal hemorrhage (...) -
Interview
In the debt system, it’s the people that lose out
5 July 2019 - by Eric Toussaint, Cristina Quintavalla, Vittorio Lovera, DIRE - news agency
Eric Toussaint, who presented the Italian version of his book The Debt System in Rome on 18 June 2019, holds that it is possible to “repudiate the dictatorship of the financial markets... Coercion by debt is an integral part of the global capitalist system. It is more than a simple opposition between the North and the South of the planet.” (...) -
Migrants, debt and propaganda
3 July 2019 - by CADTM Italy
As regards the docking of the Sea Watch 3 ship, a heated debate is rising in Italy, which could not but involve organizations also dealing with economics, finance and debt. In these days we are witnessing the representation of a dramatic , tragic and aberrant propaganda, whose aim is using the stories of people in trouble and at risk of (...)
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