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Crisis

Urgent plea by Sri Lankan feminists to address the unfolding humanitarian crisis caused by the economic collapse in Sri Lanka

6 April 2022 - by Collective

Sri Lanka is facing the worst economic crisis in its post-independence history. Widespread food and fuel shortages are crippling the lives of people. Such a situation that has already lasted several weeks is now resulting in widespread protests (...)
The three contradictions of the Long Depression

14 March 2022 - by Michael Roberts

One of my basic theses about modern capitalism is that since 2008, the major capitalist economies have been in what I call a Long Depression. In my book of 2016 of the same name, I distinguish between what economists call recessions or slumps (...)
Forecast for 2022

3 January 2022 - by Michael Roberts

At the beginning of each year, I make an attempt to forecast what will happen in the world economy for the year ahead. The point of making any forecast at all is often ridiculed. After all, surely there are just too many factors to feed into (...)
Whither the global economy?

20 November 2021 - by Michael Roberts

How is the global recovery after the COVID pandemic going? The economic consensus is that the major economies are recovering fast, driven by rising consumer spending and corporate investment. The problem ahead is not a return to sustained (...)
The relative decline of US imperialism

22 August 2021 - by Michael Roberts

The swift collapse of Afghanistan puppet government when US troops withdrew from the war with the Taliban and left the country after 20 years has been likened to the fall of Saigon at the end of the 30-year ‘American’ war against the Vietnamese (...)
Interview with Éric Toussaint

The dual explanation of the crisis, the fake social turnaround by governments, the need for radical responses

12 July 2021 - by Eric Toussaint, L’Anticapitaliste hebdo

The spokesperson of CADTM International, Éric Toussaint, responds to the questions of the L’Anticapiltaliste weekly . Marxists often hesitated at the beginning of the present economic crisis: was it a classic, fundamentally capitalist crisis (...)
The West Has Been Hoarding More Than Vaccines

6 May 2021 - by Walden Bello

I’ve had my first Covid-19 vaccine jab, drawn from the limited supply of the AstraZeneca doses that has made its way to the developing world. As a senior, I’m part of a so-called priority sector eligible to receive it in the Philippines, a country (...)
The year of the pandemic

12 March 2021 - by Michael Roberts

It is one year to the day since the World Health Organisation (WHO) [declared the COVID-19 outbreak or epidemic as a ‘pandemic’->https://www.who.int/bulletin/volumes/89/7/11-088815/en, namely the global spread of the disease. Of course, COVID-19 (...)
Covid 2021: more calamity ahead?

4 December 2020 - by Michael Roberts

The news that a COVID-19 vaccine could well be available by the start of 2021 sent the stock markets of the world shooting up to new record levels. However, the rally was quickly tempered by the rocketing rise in COVID-19 infections as the (...)
Covid 2021: more calamity ahead?

16 November 2020 - by Michael Roberts

The news that a COVID-19 vaccine could well be available by the start of 2021 sent the stock markets of the world shooting up to new record levels. However, the rally was quickly tempered by the rocketing rise in COVID-19 infections as the (...)
Europe and the Pandemic

9 November 2020 - by Eric Toussaint, Manoel Barbeitos

Éric Toussant interviewed by Manoel Barbeitos for Tempos dixital. For example since the first semester 2019, industrial production had fallen in several key economies, with a reduction of production in Germany and in several industrial branches (...)
On the World Economic Crisis

20 July 2020 - by Eric Toussaint, Dan La Botz

The Covid-19 pandemic and the worldwide lockdown have triggered a depression as great as that of the 1930s. The causes of this crisis, the character of government policies, and the programs put forward by working class groups are of concern to (...)
The farcical Rupees (INR) 20 trillion ($265 billion) stimulus package

29 June 2020 - by Sankha Subhra Biswas

While the whole world is suffering from the COVID-19 pandemic with more than 10 million people affected by it, the economic crisis is more acute than ever. As a response, the governments of the developed as well as the developing countries came (...)
The downward journey of stock markets, repurchase of shares and the story of fictitious capital

12 May 2020 - by Sankha Subhra Biswas

A severe crisis has gripped the world financial markets since early March 2020 and needless to say, India has not escaped this onslaught. The Indian stock markets are unable to halt this deep slide. On certain days the markets shows some (...)
Cancel the debt so doctors and nurses can keep saving lives

7 May 2020 - by Collectif

A call for urgent action to support doctors and nurses on the frontlines of the Coronavirus pandemic. We are all health workers, nurses, doctors. Every day we are on the frontline fighting this virus. Every day we are on the wards, in the (...)
The scarring

4 May 2020 - by Michael Roberts

Optimism reigns in global stock markets, particularly in the US. After falling around 30% when the lockdowns to contain COVID-19 virus pandemic were imposed, the US stock market has jumped back 30% in April. Why? Well, for two reasons. The (...)
SAAPE Call for Rapid Response from the South Asian Governments to Fight the COVID19 Crisis and to build unitedly long-term public health care for South Asians

12 April 2020 - by Collectif

SAAPE is concerned about the great danger that COVID-19 pandemic poses in South Asia. The pandemic has already made the lives of the people miserable and woeful. The world is entering in a new phase of history. The pandemic has exposed the ugly (...)
CSOs Call to International Creditors of Bangladesh

10 April 2020 - by Collectif

We the following Civil Society Organizations (CSOs) from all over the world, are calling on the World Bank (WB), International Monetary Fund (IMF), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and all bilateral, (...)
COVID-19 pandemic: Statement by the Southern African People’s Solidarity Network (SAPSN)

5 April 2020 - by Collectif

The COVID-19 pandemic poses a great danger to the SADC region. If the spread of the virus is not urgently arrested and is allowed to spread to high-density areas, slums, refugee camps and other centres of impoverishment, Southern Africa will (...)
COVID-19 and debt in the global south: Protecting the most vulnerable in times of crisis II

2 April 2020 - by Daniel Munevar

This is the second part of a blog series covering the impact of COVID-19 on vulnerable countries in the Global South. [Part 1] analyses the impact of debt burdens on health services. Part 2 discusses how the economic crisis will affect countires (...)
“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 (...)
COVID-19 and debt in the global south: Protecting the most vulnerable in times of crisis I

18 March 2020 - by Daniel Munevar

This is the first part of a blog series covering the impact of COVID-19 on vulnerable countries in the global south. Part 1 analyses the impact of debt burdens on health services. Part 2 discusses the channels different channels of economic (...)
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 (...)
Debt in Times of Economic Crisis

2 March 2020 - by Ahilan Kadirgamar

Debt relief is now a call at all levels of state and society in Sri Lanka. The Prime Minister recently requested a three-year moratorium on debt repayments to India, the Government earlier announced a debt repayment moratorium of one year for (...)
The People of Colombia Are Cracking Up the Walls of War and Authoritarianism

20 January 2020 - by Justin Podur

The protests that started with the national strike called by Colombia’s central union on November 21 to protest pension reforms and the broken promises of the peace accords have persisted for two months and grown into a protest against the whole (...)