All the articles

Heavily indebted Humans Deserve Debt Relief (Just as Nations Do)

4 October 2022 - by Jami Hubbard Solli

From Argentina to Zambia, the global news is filled with stories of irresponsible, unsustainable lending to low-income governments which ultimately results in suffering for their own people. Suffering takes the form of austerity measures imposed (...)
The UK government’s economic policies under...

1 October 2022 - by Michael Roberts

The UK government’s economic policies under new PM Liz Truss have caused a stir among, not only leftists, but also among mainstream economists. The new government says the solution to the stagnation and failure of British capitalist production (...)
Italian post-fascists in power

The old demons of the interwar period are back in Europe!

29 September 2022 - by Yorgos Mitralias

“Days of 1922? Not yet, but Italy is on track to”celebrate“in four years the centenary of the rise of Mussolini and his fascist movement to power with a regime that will resemble it- almost - like two drops of water!” With this premonitory sentence (...)
Another look at the debt of Tunisia and Egypt in the 19^th century and the colonization of those countries by France and Britain

29 September 2022 - by Eric Toussaint

The book Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony merits reading. The work was published by Oxford University Press in 2021. Pierre Pénet and Juan Flores Zendejas, the co-editors, have accomplished a (...)
Life expectancy and human development in the 21^st century

19 September 2022 - by Michael Roberts

Life expectancy is one of the best measures of human development. In hunter-gather societies, on average, about 57-67% of children made it to 15 years. Then 79% of those 15 year-olds made it to 45 years. Finally, those remaining at 45 years (...)
Over 100 experts call on BlackRock to cancel Zambia’s debt

17 September 2022 - by Collective

Over 100 economists and development experts have called on BlackRock and other creditors to cancel a significant amount of Zambia’s debt. In an open letter released today, the signatories – including Jeffrey Sachs, Jayati Ghosh, Philip Alston, Raj (...)
After the floods, Pakistan needs reparations, not charity

13 September 2022 - by Farooq Tariq

At the time of writing, more than one-third of Pakistan is under water. Flash floods, generated by abnormal monsoon rains have so far claimed the lives of 1350 people, Pakistan bears some of the worst consequences of the climate crisis globally. (...)
The Floods Devastating Pakistan Are More Than a Natural Disaster

10 September 2022 - by Ammar Ali Jan

Monsoon rains and melting glaciers have driven tens of millions of Pakistanis from their homes. The disaster shows that the poor Global South populations who do least to cause climate change are the people who pay most for its consequences. A (...)
Call for solidarity with the journalist-activist Ghassen Ben Khelifa

9 September 2022 - by CADTM International, North African Food Sovereignty Network (NAFSN - Siyada) , North African School of Popular Education

On Tuesday 6 September 2022, at 11am, in Tunis, a dozen members of the special security forces in civilian clothes searched the home of journalist and political activist Ghassen Ben Khelifa, coordinator of the website Inhiyez, and President of (...)
IMF Deal: Cry, My Beloved Zambia

8 September 2022 - by Grieve Chelwa

The International Monetary Fund (IMF) yesterday published the conditions attached to the newly agreed programme with the Zambian government. The conditions are incredible, unbelievable, heartless and basically make for very sad reading. They are (...)
Towards the Brown International of the European and global far right?

6 September 2022 - by Yorgos Mitralias

Not since the end of the last world war has the threat of a reinvigorated, aggressive and almost universally rising far right been felt as much as today. Why is this so? Because, contrary to what happened during the last 6-7 decades, this threat (...)
International food crisis and proposals to overcome it

5 September 2022 - by Eric Toussaint, Omar Aziki

Contrary to a notion that spread in 2022, the global food crisis started before the Russian invasion of Ukraine and the rise in the cereal prices due to speculation. On a global scale, from 2014 to 2021, the number of people affected by serious (...)
Press Release

2022: Let us end the food crisis

5 September 2022 - by CADTM International

Many countries and their populations currently face a critical situation because of the rising prices of food or the impossibility of getting access to food in sufficient quantity. As the main cause is not the war in Ukraine, as repeated by (...)
Energy, cost of living and recession

5 September 2022 - by Michael Roberts

The G7 governments have a problem. The war in Ukraine against Russia is not won. It looks set to be a long grinding conflict, possibly with no end. And yet the world and particularly Europe depends on Russian energy supplies. The G7 has (...)
Double penalty for Pakistan drowning in floods and debts

5 September 2022 - by Abdul Khaliq

Pakistan’s devastating floods have so far, killed over 1200 people, mostly children, since 14 June 22, displaced around 33 million and eroded livelihoods with the loss of an estimated one million livestock. In addition, floods washed away at (...)
Student Debt Relief Is Undermining the Military’s Predatory Recruiting Practices

3 September 2022 - by Jordan Uhl

The US military has a long history of recruiting poor people by offering benefits like free college. With Joe Biden’s partial student debt forgiveness, GOP war hawks are fretting that the military won’t be able to prey on desperate young Americans (...)
SL Govt - Stop Labeling Student Protesters and Activists as Terrorists!

28 August 2022 - by Collective

We are a group of feminists writing to call urgent attention to the extra-constitutional attempts of the Government of Sri Lanka (GoSL) to suppress dissent. Lacking a popular mandate, hunting down student protesters and activists, including a (...)
Down the Jackson Hole

27 August 2022 - by Michael Roberts

Jay Powell, the chair of the US Federal Reserve, made a keynote speech at the annual summer symposium of central bankers in Jackson Hole. Powell reckoned that inflation was still too high and so the Fed’s tightening cycle was far from done. (...)
Why the Elites in the Global South Favour Indebtedness, How Creditors Have Eroded National Sovereignty, and How States are Beginning to Fight Back

22 August 2022 - by Eric Toussaint

The book Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony merits reading. The work was published by Oxford University Press in 2021. Pierre Pénet and Juan Flores Zendejas, who served as editors, have (...)
Russia under Putin

17 August 2022 - by Michael Roberts

[In my last post->https://thenextrecession.wordpress.com/2022/08/13/ukraine-the-invasion-of-capital, I described how Western capital is planning to take over and control Ukraine’s resources and exploit its labour force to the maximum in order to (...)

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Committee for the Abolition of Illegitimate Debt

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