Category: COVID-19

Austerity & a New Cold War With China

Vijay Prashad says the expanding IMF-driven debt crisis, which has converted the idea of “financing for development” into “financing for debt servicing,” bears watching while China waives debt to 17 African nations. 

The Poverty Trap

Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.

No Billion-Dollar Bailouts For Africa

Despite the millions more people in Africa — particularly women — now engulfed by extreme poverty after Covid, Vijay Prashad notes the absence of urgent phone calls between world capitals or emergency Zoom meetings between central banks. 

How Canadians Are Losing Medicare

Dr. Susan Rosenthal describes the rise of Canada’s public health system during labor’s rebellious postwar period and the corporate profiteering by which it is now being destroyed.