What happens when reality hits delusion? U.S. mythology and fantasy will remain resilient. Denial, doubling-down, scapegoating, recrimination and more audacious adventures are the instinctive responses, writes Michael Brenner.
The New ‘New World’
Tag: IMF
Bangladesh Getting Drowned by Colonial History
Developed countries must take responsibility for the climate crisis they initiated by paying reparations to developing countries, writes Tapti Sen. There’s a number of ways they could do this.
G7 Should Be Shut Down
This is an undemocratic body that uses its historical power to impose its narrow interests on a world that is in the grip of a range of more pressing dilemmas. writes Vijay Prashad.
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.
The Lying IMF
Alternative sources of financing are beginning to empower poorer nations in the Global South to pursue projects grounded in genuine development theory, writes Vijay Prashad.
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.
SCOTT RITTER: G7 vs BRICS — Off to the Races
An economist digging below the surface of an IMF report has found something that should shock the Western bloc out of any false confidence in its unsurpassed global economic clout.
Reasons for an Argentina-Brazil Currency Union
It’s a way to help them re-industrialize, writes Barbara Fritz, at a time when recent geopolitics have also sharpened concern about dollar dependency.
Bolsonarism Without Bolsonaro
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.
More Austerity Means More Protests in 2023
People are being asked to endure austerity cuts while suffering a cost-of-living crisis, write Isabel Ortiz and Sara Burke.