Democracy & Debt: Reimagining Sovereignty in the Era of Global Financial Institutions

11 November by Eric Toussaint , Ikram Ben Said , Rob Davies , Shereen Talat , Jerome Phelps

When debt dictates policy, what’s left of democracy?
In many countries, elected governments are finding themselves boxed in, not by voters, but by creditors. From IMF reform packages to development bank loans, policy decisions are being shaped in boardrooms, not parliaments. As debt burdens grow, the promise of democratic self-rule shrinks. What happens to democracy when democracy becomes choiceless?

Source : New Vision

Author

Eric Toussaint

is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the spokesperson of the CADTM International, and sits on the Scientific Council of ATTAC France.
He is the author of World Bank: A Critical History, London, Pluto, 2023, Greece 2015: there was an alternative. London: Resistance Books / IIRE / CADTM, 2020 , Debt System (Haymarket books, Chicago, 2019), Bankocracy (2015); The Life and Crimes of an Exemplary Man (2014); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago, 2012, etc.
See his bibliography: https://en.wikipedia.org/wiki/%C3%89ric_Toussaint
He co-authored World debt figures 2015 with Pierre Gottiniaux, Daniel Munevar and Antonio Sanabria (2015); and with Damien Millet Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, Monthly Review Books, New York, 2010. He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.

Author

Ikram Ben Said

is a Tunisian feminist and Co-founder of New Visions

Author

Rob Davies

was minister of trade and industry of South Africa.

Author

Shereen Talat

is an Egyptian feminist and the director of MENA Fem Movement.

Author

Jerome Phelps

is Head of Advocacy at Debt Justice.

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