Vijay Prashad says that the report — apart from identifying the conflict between the unipolar and multipolar worlds, and showing concern over the metastasizing weapons industry — throws moral scaffolding over hard realities it can’t directly confront.
The collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors, writes Les Leopold. If financial institutions are so interconnected that we can’t let them fail, they should be run as publicly owned utilities.
The World Bank has sounded the alarm, but the forces of “centrism” — beholden to billionaires and the politics of austerity — refuse to pivot away from the neoliberal catastrophe, writes Vijay Prashad.
Washington and its allies seek either to remain hegemonic and weaken China and Russia or to erect a new Iron Curtain around these two countries, writes Vijay Prashad. Both approaches could lead to a suicidal military conflict.