EDITO
Youth mobilisation is not uncommon in France, with young people often taking to the streets to protest various issues such as climate change, education reform, and social justice. Recently, they hit the streets, exactly a week after the French government used Article 49.3 of the Constitution to impose its reform of the retirement age, thus short-circuiting the parliament. Commenting on the recent incidents, Maxime Perriot opines that Macron and his government can no longer set the agenda unilaterally. In another article, Yorgos Mitralis makes the connection between May 68 and March 23.
Ten years after the commune, Marx, in his letter to Domela Nieuwenhuis, remarked that "the appropriation of the Bank of France alone would have been enough to dissolve all the pretensions of the Versailles people into terror." On the occasion of the 152nd anniversary of the Commune, Eric Toussaint discusses the Commune’s ambivalence about banks and debt and why this indecision proved fatal.
CADTM unequivocally condemns the nomination of Ajay Banga as the future President of the World Bank and calls for the replacement of this institution. We call for the strengthening of actions and mobilisations against the Bretton Woods institutions, towards a united front of the countries of the South against the repayment of illegitimate debts, and towards the abolition of these institutions and the capitalist, patriarchal, and extractivist system. We also appeal to our readers to join the counter-summit of social movements at the IMF-WB Annual Meetings that will be held in Marrakech from October 9 to 15, 2023.
On March 8, CADTM members pledged to mobilize against the debt and its patriarchal and capitalist violence. In the North as well as in the South, we say no to debts and their criminal consequences on our lives.
The debt crisis is slowly engulfing the global South. In Africa, 60% of the countries spend more on debt service than they do on social protection. CADTM, in collaboration with the European Parliament, is happy to present a study on African debt.
Also read articles on the banking crisis, ecology, Africa, Sri Lanka, and Haiti.
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