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“Too late to be pessimistic! Ecosocialism or collapse”

27 January 2021 - by Daniel Tanuro, Mats Lucia Bayer

We interview Daniel Tanuro, author of the book “Trop tard pour être pessimistes! Écosocialisme ou effondrement”, published this year by Éditions Textuel. As an ecosocialist activist and member of the Anticapitalist Left, Daniel Tanuro is one of the (...)
11 questions / 11 answers about the new global debt crisis and how it can be radically reduced

29 December 2020 - by Eric Toussaint, Olivier Bonfond, Mats Lucia Bayer

Introduction: The current crisis is the most severe since 1929. It is a multi-dimensional crisis of capitalism as it affects simultaneously democracy, health, the economy, climate, environment and social rights. The current health crisis (...)
Books in the year of the COVID

21 December 2020 - by Michael Roberts

Every year, I do a post on books that I have reviewed during the last 12 months. What’s a bit surprising in this year of the COVID is that I did not review any books specifically on the pandemic. Even the excellent book by John Bellamy Foster, (...)
How pension funds shape financialisation in emerging economies in Colombia and Peru

17 December 2020 - by Bruno Bonizzi, Jennifer Churchill, Diego Guevara

In early spring 2020 emerging economies (EEs) were hit by the largest ever episode of portfolio outflows. Stock and bonds were sold as investors flight to safer investments in Europe and the United States, showing once again the fragile nature (...)
Illicit Financial Flows: Africa is the world’s main creditor

5 November 2020 - by Milan Rivié

In its latest report on Illicit Financial Flows (IFF) in Africa, UNCTAD (United Nations Conference on Trade and Development) discloses that 88.6 billion US$ from the continent go up in smoke every year. Not only must we ask questions about the (...)
David Graeber (1961-2020): The Relevance of his Thought and his Struggle

16 October 2020 - by Eric Toussaint

The generally accepted idea that a debt must be repaid, with interest – which supposedly covers the risks taken by the bank, must be radically challenged. David Graeber did that through a historical analysis that takes into account humanity’s (...)
The case for debt abolition: “We cannot afford not to rebel”

21 September 2020 - by Astra Taylor

By turning individual indebtedness into a source of collective leverage, debtors’ unions can exercise material power and coordinate campaigns of resistance. In 2008, around the same time Lehman Brothers collapsed and the mortgage market began (...)
Lessons in what not to do

30 July 2020 - by Costas Lapavitsas

In 2017, Yanis Varoufakis published “Adults in the room”, a thick volume that became a huge global success and was even turned into a film by Costas Gavras two years later. The author was one of the protagonists of the Greek events of that decade (...)
United States of America: Socialism for Big Capital and wild capitalism for the poor

10 July 2020 - by Eric Toussaint

While the US has been set ablaze since the end of May 2020 by a multitude of major antiracist demonstrations [1] and the ordinary working people of the world’s top power remain hard hit by the Covid-19 pandemic (as of 9 July 2020, in the United (...)
Capitalism and Patriarchy: Two Systems that Feed off Each Other

7 July 2020 - by Christine Vanden Daelen, Camille Bruneau

In other articles, we have seen that patriarchy, a social order based on the holding of power and privileges by men, is not a fatality but a socially constructed reality, so powerful that it constitutes a way of thinking deeply rooted in our (...)
Against the bankocracy: how a socialized banking system could function?

30 June 2020 - by Eric Toussaint, Philippe Poutou

Conversation between Philippe Poutou (NPA) and Eric Toussaint (CADTM) Éric Toussaint : Karl Marx wrote a famous text in which he stated: “If you want to know what the dictatorship of the proletariat looks like? It is the Paris Commune”, (...)
A project against militarist Europe

2 June 2020 - by Nathan Legrand, ReCommons Europe

The role of militarism, arms trade and wars in Europe`s foreign policy This document is a longer version of the fourth of the five texts that form part of the publication entitled “The impact on the South of European financial policies and (...)
The debt dilemma

11 May 2020 - by Michael Roberts

I have mentioned many times on this blog that rising global debt reduces the ability of capitalist economies to avoid slumps and find quick way to recover (and see ‘Debt Matters’ in my book, The Long Depression and also in World in Crisis). As (...)
Franck Gaudichaud: “Look at Chile to understand the kind of world they want us to live in”

22 April 2020 - by Jérôme Duval, Franck Gaudichaud

Franck Gaudichaud* returned a few weeks ago from a stay in Chile and gave us an interview to talk about more than six months of social unrest that shook the country. The Chilean uprising began in October 2019 and spread like wildfire in the (...)
Covid-19: Likely financial conflagrations to come

21 April 2020 - by Eric Toussaint

The coronavirus pandemic will have lasting and dramatic consequences on people’s living conditions, as graphically described by Adam Hanieh https://www.cadtm.org/This-is-a-Global-Pandemic-Let-s-Treat-it-as-Such. Humans are affected differently (...)
The post-pandemic slump

15 April 2020 - by Michael Roberts

The coronavirus pandemic marks the end of longest US economic expansion on record, and it will feature sharpest economic contraction since WWII. The global economy was facing the worst collapse since the second world war as coronavirus began (...)
Call of the indigenous peoples, afro-descendants and peoples’ organizations of Latin America

3 April 2020 - by CADTM, Collective

We publish in English a Latin American and Caribbean appeal launched on 1 April 2020 by a large number of popular movements and political organizations. It calls for a radical response to the crisis linked to COVID-19. This call is supported by (...)
This Changes Everything

31 March 2020 - by Amandla Editorial

For many, the lockdown of 21 days will be a severe test. For some it will in effect be impossible. Imagine being under lock-down for 21 days in a one bedroom shack with six or seven others. Tensions and violence are bound to rise, and it is (...)
“The Coronavirus pandemic is part of a multidimensional crisis of capitalism”

31 March 2020 - by Eric Toussaint, Henri Wilno

You wrote in a recent article: “The coronavirus was the spark or trigger of the stockmarket crisis, not its cause.” Can you be more specific? While governments and mainstream media keep claiming that the stockmarket crisis is a consequence of (...)
The Coronavirus, public debt and life

30 March 2020 - by Lujan Miranda

Some questions for our initial reflection! What virus is this that causes so much dread, destruction and death? What system is this that causes so much insecurity, greed, destruction and death and allows a virus to panic and quarantine a large (...)
Banks are weapons of mass destruction

To confront capitalism’s multifaceted crisis the bankers must be expropriated and the banks socialised

26 March 2020 - by Eric Toussaint

Bank shares have been plunging since mid-February 2020. If the big and institutional holders are selling these urgently, it must be because they are at risk. Governments and banking authorities systematically lie about the results of banks’ (...)
The Capitalist Pandemic, Coronavirus and the Economic Crisis

19 March 2020 - by Eric Toussaint

Translation in bengali for Bangladesh and West Bengal (India) A public health crisis The coronavirus pandemic is a serious public health problem and the human suffering caused by the spread of this virus will be enormous. If it massively (...)
No, the coronavirus is not responsible for the fall of stock prices

5 March 2020 - by Eric Toussaint

We are witnessing a big crisis in the stock markets of the Wall Street, Europe, Japan and Shanghai, and many blame the coronavirus for it. In the last week of February 2020, the worst week since October 2008, the Dow Jones fell 12.4%, the (...)
Who really ‘state-captured’ South Africa? Revealing silences in poverty, inequality and structurally-corrupt capitalism

2 March 2020 - by Patrick Bond

The ‘state capture’ of South Africa’s parastatal agencies and government departments typically has been seen in a binary mode, with a narrative critical of two competing factions (‘Zuptas’ and ‘WMC’) within the African National Congress. A review of (...)
International situation and Radical Alternatives

18 February 2020 - by Eric Toussaint

On 18 February 2020, in Colombo, 8th CADTM South Asian workshop We are facing a multidimensional crisis of the global capitalist system Economic crisis : Stagnation or recession in Europe; recession in Japan; slowdown in the US economy; (...)