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9 May


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9 May 2022
EDITO

History is replete with instances where a political or economic crisis rapidly brings about a debt crisis. This is precisely what is happening in Ukraine and Sri Lanka. In a couple of interviews with Sushovan Dhar, Eric Toussaint analyses the situations and suggests how these countries (and others) can extricate themselves from their current predicament. It is also a ray of hope that the Argentine civil society has denounced the new IMF agreement as illegitimate.

Abdul Khaliq explains the dynamics of regime change in Pakistan. The political turmoil in this South Asian country is the result of a deepening economic crisis that has seen, among other issues, a growing debt burden.

The Russian invasion of Ukraine has caused a spiralling rise in the prices of cereals. This has boosted the fortunes of large speculators and made cereals difficult to purchase to many. The combination of war, speculation and the neo-liberal model that promotes the fragmentation and specialisation of production is bound to trigger another global food crisis.

In an interesting comparison, Corina Rodriguez compares the Argentine debt crisis (2001) and the current Sri Lankan debt crisis. The ways forward that she proposes, from a feminist perspective, are equally interesting.

Michael Roberts explains the relationship between war and climate change.

We are happy to announce that despite all kinds of manipulations and delaying tactics, the historic Thomas Sankara assassination trial has been concluded. While the accused, Blaise Compaoré, Gilbert Diendéré and Hyancinthe Kafando, were sentenced, in their absence, to life in prison, the battle is still not over. Justice to Thomas Sankara will remain unfulfilled until the French state hands over valuable documents to Burkinabe justice authorities that will permit the international aspects of the assassination to be investigated, and to clarify further responsibilities.

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