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Finance against people

Philanthrocapitalism: The Gates Foundation’s African programmes are not charity

24 August 2018 - by Philip Bereano

The activities of the Gates Foundation are a major example of what has come to be called ’philanthrocapitalism’. Philip L Bereano argues that philanthrocapitalism is an attempt to use market processes to do good, and therefore problematic as (...)
Japanese Investor’s (JICA) Guidelines Violated in the Mumbai - Ahmedabad High-Speed Rail Project (MAHSR)

20 August 2018 - by Krishnakant, Rohit Prajapati

The Japanese Government’s investment agency, the Japan International Cooperation Agency (JICA) is signatory to the Memorandum of Understanding (MoU) with the Indian Government for the Mumbai-Ahmedabad High-Speed Rail Project (MAHSR), popularly (...)
Kenya Should Ignore IMF Reform Package and Stop Repaying Debts

19 August 2018 - by David Calleb Otieno

The Kenyan Peasants League (KPL), a member of the La Via Campesina (LVC) is concerned about the reform package being pushed down the throat of Kenyan government by the International Monetary Fund (IMF) that is already having adverse impacts on (...)
The political cost of IMF programmes

17 August 2018 - by Bretton Woods Project

Summary - Political ramifications of IMF programme in Jordan trigger protests - Jordanian prime minister resigns - Developments raise broader questions around IMF conditionality In June, King Abdullah II of Jordan accepted the resignation of (...)
Debts and feminisms: an overview of the book project – first chapter

13 August 2018 - by Camille Bruneau

Feminism and the situation of women is an ever-growing concern for the CADTM network, which becomes almost unavoidable in the broad fight against domination(s). Women are indeed impacted by debt in several ways; as the main contractors of (...)
A new global credit crunch to come?

4 August 2018 - by Michael Roberts

At the time of the general election in Turkey, [I pointed out->https://thenextrecession.wordpress.com/2018/06/25/erdogans-turkey that Turkey was near the top of the pile for a debt and currency crisis. It was running a massive current account (...)
EU Not Ending Greek Crisis, They End Greece

17 July 2018 - by F. William Engdahl

With great fanfare at the end of June, the 19 EU Eurozone finance ministers announced the end to the eight-year-long Greek debt crisis that brought the entire Euro structure into its deepest crisis to date. The exercise is a deep deception. The (...)
Deloitte, EY, KPMG, PWC: How the Big Four are embedded in EU policy-making on tax avoidance

12 July 2018 - by Corporate Europe Observatory

We pay our taxes, so why don’t corporations? This new report shows how the Big Four are embedded in EU policy-making on tax avoidance, and concludes that it is time to kick this industry out of EU anti-tax avoidance policy. EU policy towards (...)
Egypt: a repression made in France

9 July 2018 - by FIDH

A new report reveals today how the French State and several French companies have participated in the bloody Egyptian repression of the past five years by supplying Abdel Fattah al-Sisi’s regime with military and surveillance equipment. By (...)
The politics of quantitative easing

3 July 2018 - by Rodrigo Fernandez, Pablo Bortz, Nicolas Zeolla

A new age of debt crises in emerging economies is on the horizon. Debt levels have been rising across developing countries since the 2008 global financial crisis, on the back of favourable monetary policies in developed economies. The end of (...)
Greece: the so called debt reduction is a sleight of hand

25 June 2018 - by Eric Toussaint, Marie Brette

Eric Toussaint interviewed by Marie Brette for TV5 Monde Eric Toussaint, what do you think of the agreement between the Eurozone ministers? Has Greece got through the crisis? E.T.: The crisis is not at all over. What’s more, from the point of (...)
SOCFIN: profits on the rise, but not for local communities

30 May 2018 - by CADTM France, CADTM Belgium, Collective

NGOs and solidarity organisations supporting the struggles of affected local communities assess the problems caused, and promises unkept, by the SOCFIN group, as shareholders meet for the rubber and oil palm giant’s AGM on 30 May. Five years (...)
The political economy of a long depression

23 May 2018 - by Joseph Choonara

It is now a full decade since the financial turmoil that heralded the beginning of the “long depression”. On a global scale, the recession that developed in the wake of the collapse of the Wall Street bank Lehman Brothers in autumn 2008 was over (...)
Report on CADTM activities in Sri Lanka and India, 6 - 19 April 2018

15 May 2018 - by Eric Toussaint

Several articles were published in French, English, Spanish and Portuguese on the CADTM website; they focused on the successful 7th regional workshop of CADTM South Asia, that was held in Colombo, Sri Lanka, from 6 to 8 April 2018. As Nathan (...)
EU-Tunisia negotiations: Free trade without trading freedoms?

14 May 2018 - by FTDES

Spring 2018 is about to see two fundamental negotiations for Tunisia conducted between representatives of Tunisia and the European Union (EU). First, during the week of April the 17th, negotiations will be held on the readmission of migrants and (...)
Global debt crisis ahead?

11 May 2018 - by Michael Roberts

Argentina is seeking International Monetary Fund aid after a series of drastic interest rate rises failed to stop the slide in the peso, pushing the country towards a financial crisis. Mauricio Macri, Argentina’s right-wing, pro-big business (...)
The EU caught in the trap of Nigeria’s refusal to sign the West Africa Economic Partnership Agreement and the Continental Free Trade Area

9 May 2018 - by Jacques Berthelot

The EU caught in the trap of Nigeria’s refusal to sign the West Africa Economic Partnership Agreement and the Continental Free Trade Area On April 9, 2018 President Muhammadu Buhari of Nigeria very explicitly stated to the new Ambassador of the (...)
Taking a close look at the growing household...

4 May 2018 - by Amra Ismail

Taking a close look at the growing household debts in the North and East It is opined that there should be debt counselling or a service whereby debtors can come to an amicable settlement with the (...)
“Stop Repaying Illegitimate Debt”

4 May 2018 - by Eric Toussaint, Amra Ismail

While in Colombo, Sri Lanka, for the 7th CADTM South Asia workshop in April, Éric Toussaint was interviewed by the Daily Mirror, a major Sri Lankan daily newspaper. He answered questions on illegitimate debts, China’s Belt and Road Initiative, (...)
Colonialism, borders and justice should be in our conversation about migration

30 April 2018 - by Dorothy Guerrero

Despite the end of historical colonialism - brought about by successful struggles for independence and liberation by former colonial territories in the South and their establishment of post-colonial governments - the nature of North-South (...)
Global debt is fast approaching a quarter of quadrillion dollars

20 April 2018 - by Tigran Kalaydjian

Tigran Kalaydjian explains the booming debt crisis - and what it means for the global economy. In an era when calculations in the trillions are commonplace, a figure that hasn’t yet been heard regularly is “quadrillion,” but that may be about to (...)
Cameroon: He testified against Bolloré: “Of course I’m worried”

20 April 2018 - by Véronique Groussard, Emmanuel Elong

Emmanuel Elong, the farmer who came from Cameroon specifically for the lawsuit filed by the Bolloré group against France 2, tells of the psychological pressure you are under when you confront a major group in Africa. Emmanuel Elong is an (...)
‘Sooner or later, there will be a new financial crisis’

18 April 2018 - by Eric Toussaint, Meera Srinivasan

Regulators, governments to blame, says Eric Toussaint of the Committee for the Abolition of Illegitimate Debt. The recent bubbles in the stock exchanges and financial markets foretell an imminent financial crisis that would likely be stronger (...)
Sri Lanka: IFI’s, External debt and Microcredit

16 April 2018 - by Balasingham Skanthakumar

The seventh CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from April 6 to April 8, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Around forty (...)
The Power of a Dollar

11 April 2018 - by Milford Bateman

Microcredit is nothing more than a socially validated way for financial elites to exploit the poor. hirty years ago the international development community was ecstatic. It had found the perfect market-affirming solution to poverty in (...)