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Capitalism

Consolidation Without Redistribution: The Budget and the Remaking of the Indian State

8 February 2026 - by Sushovan Dhar

“India’s fiscal credibility today rests on a deliberate shift toward capital formation.” – Economic Survey 2025–26 The Economic Survey 2025–26 defines India’s fiscal credibility in narrow but confident terms. It emphasises a deliberate (…)
AI and creative destruction

4 February 2026 - by Michael Roberts

Capital expenditure by the ‘hyperscalers’ and tech giants into AI data centres and chips etc continues to pour in. So far, the rise in AI-related investment is not particularly large by historical standards. According to a study by the Bank for (…)
US economy: beneath the bombast

2 February 2026 - by Michael Roberts

Amid all the bombast and threats over Greenland in his Davos speech, US President Trump made a series of boasts about the success of the US economy, which was, of course, down to him. “Growth is exploding, productivity is surging, investment is (…)
Trump, Europe and the international neo-fascist movement: from ideological support to political coordination

26 January 2026 - by Eric Toussaint

Abstract: Since Donald Trump’s return to the White House, US foreign policy towards Europe has undergone a significant transformation. During his first term, the Trump administration officially operated within the framework of the transatlantic (…)
The new doctrine of US international policy under Trump, or neo-fascism at the helm of the world’s leading military power

11 January 2026 - by Eric Toussaint

The publication of the new US national security doctrine in early December 2025 marks a sharp break with the past due to its openly militaristic, authoritarian, and ideologically reactionary nature. Under the guise of strategic realism, the Trump (…)
Solidariedade com a Venezuela

3 de Janeiro de 2026 - por CADTM AYNA

DECLARAÇÃO do CADTM-AYNA Na madrugada deste sábado, 3/1/2026, o imperialismo norte-americano bombardeia a Venezuela. Após uma ofensiva criminosa, com o cerco naval e o pretexto insustentável de combater o narcotráfico, os Estados Unidos (…)
Solidarity with Venezuela

3 January 2026 - by CADTM AYNA

STATEMENT BY CADTM AYNA Early this morning, Saturday 3 January 2026, US imperialism bombed Venezuela. Following a criminal offensive, with a naval siege and the untenable pretext of combating drug trafficking, the United States attacked (…)
The AI bubble and the US economy

1 December 2025 - by Michael Roberts

The US stock market continues to hit new record highs; the bitcoin price is also close to highs and the gold price has rocketed to all-time highs. Investors in financial assets (banks, insurance companies, pension funds, hedge funds etc) are (…)
COP30 Belém: Second Latin American and Caribbean Ecosocialist Meeting

13 November 2025 - by Vanessa Dourado

We are publishing this article by Vanessa Dourado of ATTAC/CADTM Argentina regarding the second Latin American Ecosocialist Meeting, which has recently taken place in Belém. The content of this article, penned by Vanessa to announce the meeting, (…)
India : Working-Class Priorities as the Principle for Climate Action

11 November 2025 - by Soutrik Goswami

“Climate change is not a separate issue—it is the terrain where all social contradictions intersect... To genuinely confront the crisis, we must reclaim climate action as a political and class project. It must be rooted in redistribution, public (…)
IRELAND

Catherine Connolly wins: An historic victory for the left

8 November 2025 - by Paul Murphy

Catherine Connolly’s resounding victory in the Presidential election is a watershed moment. It is the first time that the left has won a majority of votes in a national election. This was not a narrow victory either; Catherine won the largest (…)
Depression and creative destruction

26 October 2025 - by Michael Roberts

The latest economic activity indicators called purchasing managers indexes (PMIs) confirm that the major economies are still crawling along – neither slipping into slump nor picking up pace. The global PMI stands at 52.4 in September (any score (…)
Invisible Shipwreck Victims

22 October 2025 - by Fernanda Gadea

Continue to give a voice to those who do not have one. In a world where news changes at the speed of a click, it is easy for new conflicts to replace old ones, for tragedies to begin to fall into oblivion, and for the most fragile voices to (…)
The AI bubble and the US economy

16 October 2025 - by Michael Roberts

The US stock market continues to hit new record highs; the bitcoin price is also close to highs and the gold price has rocketed to all-time highs. Investors in financial assets (banks, insurance companies, pension funds, hedge funds etc) are (…)
Nepal’s Protests Are the Result of a Blocked Revolution

28 September 2025 - by Sushovan Dhar

When Nepal became a republic in 2008, it aroused hopes for a fundamental transformation of Nepali society. The inability of Nepal’s left parties to deliver on those hopes created a mood of discontent among young people that exploded over the last (…)
Should central banks be ‘independent’?

10 September 2025 - by Michael Roberts

US President Donald Trump announced that he had fired Lisa Cook, a member of the Federal Reserve Board of Governors. Trump says that she committed mortgage fraud by taking out two mortgages, claiming both properties as her primary residence, back (…)
Norway: the fossil fuel capital of Europe

8 September 2025 - by Michael Roberts

Norway has a general election today. In a country of 5.6m people, some 4m are entitled to vote and there is usually a high turnout by international standards – over 75%. Indeed, early voting has become increasingly popular, with up to 60% (…)
Bangladesh’s Garment Boom, Workers Still in Chains

25 August 2025 - by Lovely Yesmin

[More than a year has passed since the fall of Sheikh Hasina’s government in Bangladesh. While the pro-democracy movement was projected as being led primarily by students and youth, tens of thousands of ordinary working people also joined the (…)
Tariffs and the US economy

5 August 2025 - by Michael Roberts

Last week, the mega tech companies – the so-called Magnificent Seven – presented their latest earnings results. They appeared to be ‘blockbuster’. They painted a picture of a booming economy, supporting President Trump’s assertion that America (…)
A look in the rearview mirror: The vicious cycle of debt

21 July 2025 - by Ernest Mandel

On the anniversary of Ernest Mandel’s death on July 20, 1995, we are republishing an article he wrote during the first Third World debt crisis. The article was originally published in Inprecor, No. 217, April 1986. In this article, Ernest (…)
AHE 2025: imperialism, China and financialisation

27 June 2025 - by Michael Roberts

Last week the annual conference of the Association for Heterodox Economics (AHE) took place in London. I quote from the AHE website: “Formed in 1999 to provide an annual conference where all heterodox (that is, Post Keynesian, Marxian, Sraffian, (…)
Ecosocialism : an alternative to break with capitalist civilizational crises

12 June 2025 - by Jawad Moustakbal

CADTM is pleased to share the presentation by Jawad Moustakbal, a member of CADTM’s Shared International Secretariat, delivered at the 13th session of the 13th Asian Regional School, which took place at the International Institute for Research (…)
South Korea: under pressure

3 June 2025 - by Michael Roberts

South Korea goes to the polls on Tuesday to elect a new president after some tumultuous months following the attempted coup by the right-wing president Yoon Suk-yeol to arrest opposition leaders and close down parliament, where Yoon did not have (…)
Geonomics, nationalism and trade

20 May 2025 - by Michael Roberts

Geonomics is a new term for international economic theories and policies. According to Gillian Tett at the FT, in the past, “it was generally assumed that rational economic self interest ruled the roost, not grubby politics. Politics seemed to (…)
Tariffs, Triffin and the dollar

14 April 2025 - by Michael Roberts

Despite Trump backing off from implementing his bizarre reciprocal tariffs imposed on every country in the world (including the penguin-only inhabited islands of Heard and McDonald), two thousand miles south west of Australia, the tariff war is (…)