Category: Income Inequality

When Thatcher Met Mandela

As soon as Nelson Mandela was released from prison after 27 years, in still apartheid South Africa, U.K. officials lobbied him for business interests, declassified files show, reports Mark Curtis.

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.

Ukraine’s Big Mistake

From criminality during Perestroika and privatizations to the problem with Russia’s “imperialist war” designation, Natylie Baldwin discusses a wide range of subjects with the author of The Catastrophe of Ukrainian Capitalism.