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.
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.
Globally, as much as $3.8 trillion must be invested every year to hold back global warming, write Peter Schlosser and Michael Dorsey. For comparison, the IMF says $5.9 trillion was spent on fossil-fuel subsidies, in total, in 2020.
The Sahel coups are against conditions of life afflicting most of the region’s people, writes Vijay Prashad — conditions created by theft of sovereignty by multinationals and the old colonial ruler.
It is criminal that the IMF would impose strict austerity when the agricultural infrastructure is utterly destroyed, writes Vijay Prashad. Pakistan is suffering from “climate apartheid.”
Ranil Wickremasinghe sits in the President’s House with a failing agenda that threatens to draw the country into the escalating U.S.-China conflict, writes Vijay Prashad.