Neoliberalism
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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 (…) -
Argentina: the chainsaw breaks down
4 October 2025 - by Michael Roberts
Last week US Treasury Secretary Scott Bessent offered a $20bn swap line to Javier Milei’s government in Argentina and pledged to buy its bonds, as the Trump administration moved to shore up its ideological ally. The measures temporarily halted a (…) -
AI: bubbling up
29 July 2025 - by Michael Roberts
The Magnificent 7 stocks — NVIDIA, Microsoft, Alphabet (Google), Apple, Meta, Tesla and Amazon — now make up around 35% of the value of the US stock market, and NVIDIA’s market value makes up about 19% of the Magnificent 7. The S&P 500 has (…) -
2025/26 Budget Statement: Budget 3.0 continues the anti-poor direction of the’ Government of National Unity’
24 May 2025 - by Alternative Information and Development Centre (AIDC)
The Alternative Information and Development Centre is convinced that the Budget tabled by Minister Enoch Godongwana will further impoverish South Africans, exacerbate unemployment and deepen the social crisis tearing our country apart. The (…) -
CADTM South Asia annual meeting
In Bangladesh, globalization results in hardship for women workers
6 March 2024 - by Maxime Perriot, Monower Mostafa, CADTM South Asia
During the CADTM South Asia annual meeting in Kathmandu (Nepal) on 13 and 14 February 2024, Monower Mostafa commented on Bangladesh’s political, social and economic situation. Globalization has terrible consequences for workers Bangladesh (…) -
Budget 2024: ‘Deep Marketisation’ in Sri Lanka
19 December 2023 - by Balasingham Skanthakumar
Ranil Wickremesinghe’s Budget for 2024 had safe passage on third reading on 13 December as expected, with a majority of 41 votes in the 225-member legislature. The Sri Lanka Podujana Peramuna (SLPP—People’s Front) with its rotten majority in (…) -
Why real-world economics matters
5 December 2023 - by Michael Roberts
Last weekend, I delivered a keynote lecture to economics students at Britain’s Open University on their Economics Day. This is a transcript of my presentation. Today I have been asked to speak on the topic of: Why ‘real world economics’ (…) -
China Seduces Africa: a Love Story or a Honey Pot? Is it that Simple?
5 July 2023 - by Pierre-François Grenson
Shortly before 2010, China became Africa’s leading tradingpartner, ahead of the United States and Europe [1]. Since then, China’s expansion on the African continent has continued and grown. [2]Between 2000 and 2020, Chinese financialinstitutions (…) -
Banks on the Brink? The Origins, Nature, and Trajectory of the Crisis
19 April 2023 - by Ashley Smith, Michael Roberts
The banking industry has been beset by a series of failures, government bailouts, and takeovers. The crisis in these banks has sent stock markets around the world into gyrations. What caused all of this? Is this a passing crisis? What impact will (…) -
France: towards a social explosion of historic proportions!
3 February 2023 - by Yorgos Mitralias
The international media may say hardly a word, but that does not mean that these days France is not being shaken by the biggest social eruption of the last several decades! In particular, on Tuesday January 31st the demonstrations against (…) -
‘The Canary in the Coal Mine’: Sri Lanka’s Crisis is a Chronicle Foretold
7 August 2022 - by Eric Toussaint, Balasingham Skanthakumar
Sri Lanka’s acute economic crisis and sovereign debt default, along with its people’s uprising in 2022, has drawn attention across the world. It is described as the ‘canary in the coal mine’, that is, a harbinger of the likely future for other (…) -
Sri Lanka’s Crisis is Endgame for Rajapaksas
11 July 2022 - by Balasingham Skanthakumar
Sri Lanka’s citizens’ movement known as the Janatha Aragalaya (‘Peoples’ Struggle’), notched its most significant victory yet, when Gotabaya Rajapaksa announced through the Speaker of Parliament that he would quit on 13th July, mid-way through (…) -
The Crisis of Neoliberalism and the Progressive Alternative
28 May 2022 - by Devaka Gunawardena
The current crisis in Sri Lanka is not only a political crisis of the regime of Gotabaya Rajapaksa. It is also a structural breakdown of the way in which neoliberalism has historically attempted to legitimise its own regime of accumulation. (…) -
The making and masking of Sri Lanka’s debt crisis
17 May 2022 - by Matt Withers
Sri Lanka is in the grip of its worst economic crisis since Independence. Behind recent headlines, the Covid-19 pandemic has exposed structural problems that were decades in the making. The origins of today’s foreign exchange crisis are rooted in (…) -
Mexico : the 4th transformation has not involved a change in the economic model
7 May 2022 - by Eric Toussaint, Dora Villanueva
Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico) Mexico – The so-called fourth transformation of Mexico, led by President Andrés Manuel López Obrador (AMLO), has not involved a change in the economic model as such, only a (…) -
Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico)
Large-scale speculators increase their profits in the grain market
4 May 2022 - by Eric Toussaint, Dora Villanueva
Éric Toussaint, the spokesperson for the international network of the Committee for the abolition of illegitimate debts (Cadtm), explains that international private investment funds have already benefited from a problem that will not remain mere (…) -
Latest IMF controversy unveils biased policies and a Harvard economist’s skewed views
12 January 2022 - by Patrick Bond
“It is more fun to be Santa than Scrooge.” The catchy phrase was deployed by Harvard University economist Ken Rogoff in early January, while cheekily asking, “Why is the International Monetary Fund trying to morph into an aid agency?” The (…) -
How the farm reforms will destroy India’s farmers and food security?
16 October 2021 - by Tanmoy Ibrahim
A massive wave of farmers’ protest movements against the anti-farmer agriculture bills and amendment to the Essential Commodities Act, 1955, has stunned Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), as it couldn’t believe that a (…) -
The debt of integration: Montenegro’s Chinese loan and the traps of Europe
12 July 2021 - by Tijana Okić
The Balkans debt crisis continues to ravage the economies of the region, with Montenegro vainly turning to the EU for a bailout on multi-billion euro debts to Chinese contractors (Exim bank of China) on what is essentially part of the EU-imposed (…) -
On the Authoritarian Turn of Global Capital and its Contradictions in the USA
25 June 2021 - by Fouâd Oveisy
There’s a tendency within certain factions of the US left to regard the case of former US president Donald Trump as an ‘anomaly’. In dealing with other personifications of capital, the contradictions of Marx’s critique of political economy seem (…) -
Sunny side of the Alps clouding up: Slovenia in the grips of a right-wing tornado
7 April 2021 - by Ana Podvršič, Jaša Veselinovič
After less than a year since the start of the epidemic, Slovenia barely resembles a country that, for a long time, has been seen as a social-democratic outliner in the region. The outbreak of the epidemic coincided with a major political change (…) -
India: Proposals against new attempts to privatise state-owned banks
11 March 2021 - by Eric Toussaint, Sushovan Dhar
Public sector banks account for more than two-thirds of the banking market in India. Currently, they are subjected to a systematic smear campaign launched by the reactionary Narendra Modi government, big media including the international press (…) -
Neoliberal Authoritarianism in Egypt
11 February 2021 - by Yanis Iqbal
The whiplash of authoritarianism is being ruthlessly used in Egypt. On January 6, 2021, Ahmed Khalifa, social news editor of Egypt 360 website, was arrested after publishing a series of reports on workers’ legitimate protests. He was falsely (…) -
South Africa: Vaccine Apartheid or Equality?
30 January 2021 - by Rehad Desai, South African Federation of Trade Unions
We are in the middle of a global shortage of supplies of COVID-19 vaccines. We are reliving the saga that happened early in the pandemic around access to personal protective equipment (PPE), where each country fought for its own patch. Getting (…) -
The lessons of the Indian farmers’ struggle
28 January 2021 - by Sushovan Dhar
The Farmers struggle and its partial advance has shown us the way. Strong movements from below can have the potential to take on the Hinduvta juggernaut much more than stitching electoral alliances. What will be the fate of this movement six (…)
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