In this excerpt from their book Silent Coup, Claire Provost and Matt Kennard go to the sources of a key legal mechanism used by multinational corporations to override governments around the world.
Exploiting a “trade finance” loophole, the bank dumped an estimated $3.7 billion into oil and gas projects in 2022, finds an analysis by the German research and activist group Urgewald.
At the time, 50 years ago on Monday, the coup was seen as not just an attack on the Popular Unity government of Salvador Allende, writes Vijay Prashad. It was an attack on the Third World.
As is often the case in history, the actions of a dying empire create common ground for its victims to look for alternatives, writes Vijay Prashad.
Amid a membership expansion, leaders of the bloc spoke out against sanctions, conditions on sovereign credit and dollar hegemony, Abdul Rahman reports.
Countries in Latin America, Africa and Asia emerged in the post-World War II era as appendages of a world system that they were unable to define or control, writes Vijay Prashad.
“Leaving the rich out of the equation.” Sam Pizzigati reports on the protest by economists worldwide against the World Bank’s “shared prosperity” method of tracking gaps in income and wealth.
The rules of post-war Western economic development were premised on Washington’s domination and hierarchy, writes Anthony Pahnke. This is the history the U.S. president’s industrial policies repeat.
China did not eradicate absolute poverty by cash transfer schemes or rural medical programmes alone, writes Vijay Prashad.
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.