After being plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt and forced underdevelopment.
Vijay Prashad: How the IMF Underdevelops Africa
Category: Economy
Trade Wars: The Decline of America
Instead of judiciously adapting to America’s relative decline by carving out a new place for itself in the emerging multipolar world, U.S. leaders have pursued the fantasy of endless dominance, write Medea Benjamin and Nicolas J. S. Davies.
US Led Surge in Global Military Spending in 2024
For the second year in a row, military outlays rose in all five of the world’s geographical regions amid world-wide tensions, finds the Stockholm International Peace Research Institute.
Ukraine Encroaches on ‘Friendly’ Moldova
Ullekh NP reports on fears in Moldova that the Zelensky government in Ukraine, in its search for hydro power on the lower Dniester River, is starting to claim a chunk of its neighboring ally.
Patrick Lawrence: Exploding Gas Pipelines
The Europeans successfully resisted the American imperium’s impositions during the late Cold War years. They would not dream of any such effort now.
Jeffrey Sachs: Close the US Military Bases in Asia
Trump is looking for ways to save money — an excellent idea given that the U.S. federal budget is hemorrhaging $2 trillion a year. Here’s where to start.
Vijay Prashad: BRICS & Industrial Development
With the expansion of the group to more countries of the Global South, a revival of the “Bangdung Spirit” is taking place, but not without its contradictions.
The Chris Hedges Report: Economics of a Dying Empire
Events will become increasingly difficult to predict as late-stage capitalism sees the oligarchy consume even the structures that had supported it.
A New International Order?
Progressives’ support for a multilateral world often ignores how much the emerging new world is similar to the old one, a point also missed by Jeffrey Sachs in speaking of a “new international order,” writes Asoka Bandarage.
Craig Murray: Trump, Tariffs & Trade
There is no danger of the U.S. being unable to finance trillion-dollar trade deficits in the next few years. But for how long?