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 United States remains a powerful country, but it has not come to terms with the immense changes taking place in the world order, writes Vijay Prashad.
The neoliberal system is deteriorating under the weight of numerous internal contradictions, historical injustices and lack of economic viability, writes Vijay Prashad.
It will be attractive to the Global South, writes Tony Kevin. It will cause consternation in the Western war party camp.
Not only has Russia withstood the economic assault, but the sanctions have boomeranged — hitting the very countries that imposed them, write Medea Benjamin and Nicolas J. S. Davies.
What the nurses are up against when they go on strike should unite us all, writes Tarun Gidwani. Everywhere, the same corporations are hollowing out people’s ability to exercise their right to health.
As part of their concern about “currency power,” many countries in the Global South are eager to develop non-dollar trade and investment systems, writes Vijay Prashad.
In the face of climate catastrophe and a rising risk of nuclear war, Greece’s former finance minister says the global ruling class are “doing their best to push humanity over both cliffs at once.”
Despite a hard-fought victory on a developing world fund, campaigners said COP-27 failed to call for a phaseout of all fossil fuels.
Global South countries that are least responsible for the climate crisis are being forced to take on the devastating costs, writes Jerome Phelps.
