Committee for the Abolition of Illegitimate Debt

Whatever our opinion of the Venezuelan government led by Nicolas Maduro, we have no hesitation in denouncing imperialist intervention in Venezuela. We may be critical of the dubious economic and political direction of the government but we strongly denounce the coup attempt by the the “self-styled president” Guaidó. Neither the US nor any other western country have any right to issue an ultimatum to Venezuela. Joaldo Dominguez & Eric Toussaint comment on the Venezuelan situation. The World Bank was in the headlines as Jim Yong Kim, the President of the Bank since 2012, resigned. While many believe that he has reformed the Bank positively, a balance-sheet of his tenure reveals the continuation of the defence of the interests of capital and the richest and most powerful nations at the expense of human rights and the condition of the planet. CADTM demands that his resignation should encourage countries to terminate all agreement with the Bretton Woods institutions. Patrick Bond speaks about Kim’s mixed messages to the World Bank, and the world. The Yellow Vests grow in number with more and more French people actively mobilising to their call. With all chances of this movement spreading well beyond the French frontiers, the administrations resort to widespread violence and crackdown creating a state of undeclared emergency. Jerome Duval adds insights about the situation. Louv Coukoutsi, the CADTM correspondent in Greece reports how the Greek people are tax hostages to the Troika and the bankers. Sushovan Dhar points out the impact of the corporate debt default in India on the population. Patrick Bond writes on the “Mugabesque” authoritarianism in Zimbabwe by the same forces that promised to remove all vestiges of his reign. Also find articles on Sudan, Mozambique, Thomas Piketty and public debt, the economic crisis and the first part on globalisation by Eric Toussaint “Globalization from Christopher Columbus and Vasco da Gama until today”.

Developing the website in four languages (French, Spanish, English and Portuguese) and the electronic bulletins in three languages ( French, English, Spanish) are a couple, among the numerous projects of CADTM. A new site set up recently and we hope likewise to provide more articles for a possible maximum number of readers around the world. The members of the CADTM international network will actively participate in the research and production of articles so that we can provide you with better information.
"Donate", Indicate in your message: “support CADTM website” - for more information click here...