Committee for the Abolition of Illegitimate Debt

Costas Gavras, 86 year old film director, well-known for his 1969 Oscar winning film Z, returns, in his latest feature film 'Adults in the Room', to his Greek roots. His commendable effort to portray the European Union’s betrayal of the Greek people had its First Night at the Mostra film festival in Venice, last August, although it was not in competition. While we acknowledge the value of his work we also point out how the film suffers from several omissions, notably the Greek people and the international elan of solidarity that rose around them. On the same subject another article unmasks how Tsipras and Varoufakis advanced towards final capitulation.

ATTAC/CADTM Morocco has recently published a study, in Arabic, on agricultural policy in Morocco and its multiple impacts on small farmers, on agricultural workers, on the economy and the environment. Even though the example is limited to one country, the findings are very broadly relevant. Translations into other major languages will be available shortly.

The 2012 Marikana massacre of 34 protesting miners in South Africa continue to haunt our collective memories. The article ‘South Africa: actions against the abusive debts imposed on the popular classes’ points out how debts play a major role in impoverishing workers forcing them to fight till their last breath. This edition also brings a series of other stories on the South African economic conditions, debt crisis especially, corporate debt and the country’s complicated relationship with China.

Eric Toussaint explains how in the era of widespread mobile telephony, we witness certain capitalist firms employing sophisticated techniques to create illegitimate debt among the lower classes.

Let's take another look at the Federal Reserve’s panic in September 2019 and propose solutions to the crisis. The ingredients of a new global financial crisis are present in the US as in other major economies. Do we wait for it to burst before taking actions? Beyond attempting to avoid the consequences of another financial crisis, we must put an end to the daily robbery by capitalist banks. We must also radically change the status and missions of the central banks.

Also find articles on Chile, Amazon fire, Arab Spring, growing inequality and so so so much more.

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.
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