All the articles
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What’s the problem with pensions?
1 April 2023 - by Michael Roberts
The recent massive demonstrations against the Macron administration in France forcing through so-called pension reforms reveals the determined attempts of pro-capitalist governments in all the major economies to cut real wages when we are old (...) -
The Last Winter of Gas in Europe
31 March 2023 - by Collective
We will not sit idle while governments across the political spectrum repeatedly choose the path of collapse and continuous social and economic crises in order to save the fossil fuels industry. While hundreds of activists blockade the European (...) -
Climate-Financing Carrots and Sticks in South Africa
29 March 2023 - by Patrick Bond
Abstract At a time international climate finance is hotly contested, especially in Britain, Europe and the United States, durable demands from the Global South have again arisen, especially that major greenhouse gas emitters’ contributions to (...) -
The pension crisis (France): Faced with social anger, Macron replaces legitimacy with police batons
29 March 2023 - by Léon Crémieux
With the coup de force of article 49.3 on 16 March, Macron and his government have provoked a new impetus of popular mobilization in all its forms: renewable strikes, blockades, demonstrations and even the movement of university and high school (...) -
Banking crisis: is it all over?
28 March 2023 - by Michael Roberts
Bank stock prices have stabilized at the start of this week. And all the key officials at the Federal Reserve, the US Treasury and the European Central Bank are reassuring investors that the crisis is over. Last week, Fed Chair Jerome Powell (...) -
May 1968 - March 2023!
27 March 2023 - by Yorgos Mitralias
At a time when those who declare, even among the French elites (!), that we are witnessing the emergence of a “new May 68” are multiplying, while noting that in the country now reigns .... “an insurrectional atmosphere”, one can now reasonably ask: (...) -
Full version & Execcutive summary
Africa : the debt trap and how to get out of it
27 March 2023 - by CADTM
Study carried out by the CADTM, the Left Group in the European Parliament - The Left Executive summary and full version in pdf below. Africa was not long spared by the Covid-19 pandemic that submerged the world. The new virus first appeared (...) -
Youth mobilize against Macron’s scorn
27 March 2023 - by Maxime Perriot
One 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, popular mobilization has intensified and seen an important increase in the number of (...) -
Macron’s up against the wall, let’s not let the 49.3 save him
20 March 2023 - by Léon Crémieux
Macron and his government have just attempted to force their way through on 16 March, by trying to impose their law on pensions without any vote in the National Assembly by using Article 49.3 of the Constitution, a real “hold-up”, allowing them to (...) -
The Paris Commune of 1871, banks and debt
20 March 2023 - by Eric Toussaint
On the occasion of the 150th anniversary of the extraordinary experience of the Paris Commune, it is fundamental to draw a number of lessons from it. The measures a government takes regarding its Central Bank, the debts of working class people, (...) -
Illicit Financial Flow
14 March 2023 - by High Level Panel on Illicit Financial Flows from Africa
Over the last 50 years, Africa is estimated to have lost in excess of $1 trillion in illicit financial flows (IFFs) (Kar and Cartwright-Smith 2010; Kar and Leblanc 2013). This sum is roughly equivalent to all of the official development (...) -
Silicon Valley Bank’s Collapse Shows Little Has Changed for Big Banks Since 2008
14 March 2023 - by Branko Marcetic
The spectacular collapse of Silicon Valley Bank was caused by corruption, financial recklessness, and poor decision-making. With its bailout echoing 2008’s eager bailouts for the rich, it begs the question: How much longer will Americans put up (...) -
Monetary tightening, inflation and bank failures
13 March 2023 - by Michael Roberts
Last week, US Fed Chair Jay Powell gave testimony to the US Congress on inflation and Fed monetary policy. He spooked financial markets when he appeared to say that the latest data on the economy would probably require further interest-rate (...) -
SVB: from the valley to the chasm
13 March 2023 - by Michael Roberts
On Friday, Californian bank Silicon Valley Bank (SVB) became the largest bank to fail since the 2008 financial crisis. In a sudden collapse that shocked financial markets, it left billions of dollars belonging to companies and investors (...) -
Economist Joseph Stiglitz on How War, Covid & Climate Crisis Cause Economic Crises Around the World
10 March 2023 - by Joseph Stiglitz, Amy Goodman, Democracy Now!, Juan González
As the U.N. secretary-general blasts wealthy nations for rigging the global economy for their benefit, we speak with economist Joseph Stiglitz about how war, the pandemic and the climate emergency are causing economic crises across the globe. He (...) -
“If You’re Not at the Table, You’re Probably on the Menu”
10 March 2023 - by Caroline Cornier
Africa, like the rest of the world, is in crisis. Yet Africa is particularly ill-equipped to deal with it, as it grapples with external public debt reaching new records at a time when the central banks of the countries of the North are (...) -
8th March
Debts are a tool of oppression! We will not pay!
7 March 2023 - by CADTM International
On the occasion of March 8, international day of struggle for women’s rights, we, activists of CADTM INTERNATIONAL, mobilize against the debt and its patriarchal and capitalist violence. Peasant women, students, workers, mothers, unemployed (...) -
Greece: The infamy of a predicted terrible rail disaster
6 March 2023 - by Yorgos Mitralias
The following could be a dark humor joke, but it is a very real story and, above all, emblematic of this neoliberal and dilapidated Greece of the first half of the 21st century. Only a few hours before the terrible rail disaster of 28 (...) -
ABC of Debt System
6 March 2023 - by Eric Toussaint
Abstract: This article argues that the indebted weaker countries are not the cause of sovereign debt crises and the outcomes of debt crises are directed by big banks and the governments that support them. It begins with a historical overview of (...) -
The aftermath of Sri Lanka’s economic crash
5 March 2023 - by Meera Srinivasan
As the island nation eagerly awaits a provisional IMF package to chart its path to economic stability, it is currently witnessing a new wave of protests, mainly by workers and professionals, as people’s economic hardships increase. The government (...)
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