Neoliberalism
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Banks on the Brink? The Origins, Nature, and Trajectory of the Crisis
19 April 2023 - by Ashley Smith, Michael Roberts
The banking industry has been beset by a series of failures, government bailouts, and takeovers. The crisis in these banks has sent stock markets around the world into gyrations. What caused all of this? Is this a passing crisis? What impact (...) -
France: towards a social explosion of historic proportions!
3 February 2023 - by Yorgos Mitralias
The international media may say hardly a word, but that does not mean that these days France is not being shaken by the biggest social eruption of the last several decades! In particular, on Tuesday January 31st the demonstrations against (...) -
‘The Canary in the Coal Mine’: Sri Lanka’s Crisis is a Chronicle Foretold
7 August 2022 - by Eric Toussaint, Balasingham Skanthakumar
Sri Lanka’s acute economic crisis and sovereign debt default, along with its people’s uprising in 2022, has drawn attention across the world. It is described as the ‘canary in the coal mine’, that is, a harbinger of the likely future for other (...) -
Sri Lanka’s Crisis is Endgame for Rajapaksas
11 July 2022 - by Balasingham Skanthakumar
Sri Lanka’s citizens’ movement known as the Janatha Aragalaya (‘Peoples’ Struggle’), notched its most significant victory yet, when Gotabaya Rajapaksa announced through the Speaker of Parliament that he would quit on 13th July, mid-way through his (...) -
The Crisis of Neoliberalism and the Progressive Alternative
28 May 2022 - by Devaka Gunawardena
The current crisis in Sri Lanka is not only a political crisis of the regime of Gotabaya Rajapaksa. It is also a structural breakdown of the way in which neoliberalism has historically attempted to legitimise its own regime of accumulation. (...) -
The making and masking of Sri Lanka’s debt crisis
17 May 2022 - by Matt Withers
Sri Lanka is in the grip of its worst economic crisis since Independence. Behind recent headlines, the Covid-19 pandemic has exposed structural problems that were decades in the making. The origins of today’s foreign exchange crisis are rooted in (...) -
Mexico : the 4th transformation has not involved a change in the economic model
7 May 2022 - by Eric Toussaint, Dora Villanueva
Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico) Mexico – The so-called fourth transformation of Mexico, led by President Andrés Manuel López Obrador (AMLO), has not involved a change in the economic model as such, only a few (...) -
Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico)
Large-scale speculators increase their profits in the grain market
4 May 2022 - by Eric Toussaint, Dora Villanueva
Éric Toussaint, the spokesperson for the international network of the Committee for the abolition of illegitimate debts (Cadtm), explains that international private investment funds have already benefited from a problem that will not remain mere (...) -
Latest IMF controversy unveils biased policies and a Harvard economist’s skewed views
12 January 2022 - by Patrick Bond
“It is more fun to be Santa than Scrooge.” The catchy phrase was deployed for data manipulation on behalf of multinational corporations and nearly lost her managing directorship because her statistical fraud was to China’s benefit, angering the (...) -
How the farm reforms will destroy India’s farmers and food security?
16 October 2021 - by Tanmoy Ibrahim
A massive wave of farmers’ protest movements against the anti-farmer agriculture bills and amendment to the Essential Commodities Act, 1955, has stunned Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), as it couldn’t believe that a mass (...) -
The debt of integration: Montenegro’s Chinese loan and the traps of Europe
12 July 2021 - by Tijana Okić
The Balkans debt crisis continues to ravage the economies of the region, with Montenegro vainly turning to the EU for a bailout on multi-billion euro debts to Chinese contractors (Exim bank of China) on what is essentially part of the EU-imposed (...) -
On the Authoritarian Turn of Global Capital and its Contradictions in the USA
25 June 2021 - by Fouâd Oveisy
There’s a tendency within certain factions of the US left to regard the case of former US president Donald Trump as an ‘anomaly’. In dealing with other personifications of capital, the contradictions of Marx’s critique of political economy seem to (...) -
Sunny side of the Alps clouding up: Slovenia in the grips of a right-wing tornado
7 April 2021 - by Ana Podvršič, Jaša Veselinovič
After less than a year since the start of the epidemic, Slovenia barely resembles a country that, for a long time, has been seen as a social-democratic outliner in the region. The outbreak of the epidemic coincided with a major political change (...) -
India: Proposals against new attempts to privatise state-owned banks
11 March 2021 - by Eric Toussaint, Sushovan Dhar
Public sector banks account for more than two-thirds of the banking market in India. Currently, they are subjected to a systematic smear campaign launched by the reactionary Narendra Modi government, big media including the international press (...) -
Neoliberal Authoritarianism in Egypt
11 February 2021 - by Yanis Iqbal
The whiplash of authoritarianism is being ruthlessly used in Egypt. On January 6, 2021, Ahmed Khalifa, social news editor of Egypt 360 after publishing a series of reports on workers’ legitimate protests. He was falsely charged with joining a (...) -
South Africa: Vaccine Apartheid or Equality?
30 January 2021 - by Rehad Desai, South African Federation of Trade Unions
We are in the middle of a global shortage of supplies of COVID-19 vaccines. We are reliving the saga that happened early in the pandemic around access to personal protective equipment (PPE), where each country fought for its own patch. Getting (...) -
The lessons of the Indian farmers’ struggle
28 January 2021 - by Sushovan Dhar
The Farmers struggle and its partial advance has shown us the way. Strong movements from below can have the potential to take on the Hinduvta juggernaut much more than stitching electoral alliances. What will be the fate of this movement six (...) -
The pandemic has exposed the nakedness of European neoliberalism
27 July 2020 - by Eric Toussaint, Miguel Urbán Crespo
Miguel Urban is a member of the European Parliament elected from the Spanish state and a member of Anticapitalistas. He was interviewed by Eric Toussaint. What is the objective of the Covid Tax initiative at the European level and at the level (...) -
The struggle against authoritarian liberalism is more urgent than ever. Epidemic and the far right on the European periphery
13 July 2020 - by Ana Podvršič, Jaša Veselinovič
Preliminary note: The article was written at the end of May 2020. Since then, the protests further intensified and the social initiatives, mentioned at the end of this article, succeeded in equipping the protests with better articulated and more (...) -
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 (...) -
Now more than ever, supporting abolition of the debt is a priority!
5 May 2020 - by Brigitte Marti
The covid 19 pandemic has demonstrated that the neoliberal system that leads the world is detrimental to health care systems, public services, and bad for people, especially for the poor and third world populations. We should remind the (...) -
Class Struggle, Environment and the Corona Virus Pandemic
22 April 2020 - by Kunal Chattopadhyay
The Corona virus threat has been declared a pandemic by the World Health Organisation. How not to respond to it from the left is easily seen, by apparently leftist posts circulating in social media (Facebook, WhatsApp, Twitter), which suddenly (...) -
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 Collective
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 (...) -
COVID-19 pandemic: Statement by the Southern African People’s Solidarity Network (SAPSN)
5 April 2020 - by Collective
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 (...) -
Mozambique : Credit Suisse is liable for the $2 bn secret debt
17 March 2020 - by Joseph Hanlon
Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a (...)
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