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  • Monthly Review Essays
  • | MD Kristalina Georgieva conversation with World Banks David Malpass | MR Online

    The IMF’s announcement of $650 billion in Special Drawing Rights: advertising effect

    Originally published: CADTM - Committee for the Abolition of Illegitimate Debt on September 8, 2021 by Milan Rivié and Éric Toussaint interviewed by the CADTM (more by CADTM - Committee for the Abolition of Illegitimate Debt)  | (Posted Sep 11, 2021)

    The 190 countries that are members of the IMF are entitled to allowances in strong currencies which they do not have to pay back. This device is called Special Drawing Rights. To this we must add loans that the IMF can grant to a country calling for help. Loans must be repaid with interest and are tied to conditions that reinforce neoliberal policies.

  • | Éric Toussaint responds to the questions of the LAnticapiltaliste weekly | MR Online

    The dual explanation of the crisis, the fake social turnaround by governments, the need for radical responses

    Originally published: CADTM - Committee for the Abolition of Illegitimate Debt on July 12, 2021 (more by CADTM - Committee for the Abolition of Illegitimate Debt)  |

    The answer is plain to see: the two explanations are not contradictory. A combination of the two enables us to understand what has been happening right before our eyes.

  • | Rosa Luxemburg | MR Online

    Rosa Luxemburg and debt as an imperialist instrument

    Originally published: CADTM - Committee for the Abolition of Illegitimate Debt on February 6, 2020 (more by CADTM - Committee for the Abolition of Illegitimate Debt)  |

    In her book titled The Accumulation of Capital, published in 1913, Rosa Luxemburg devoted an entire chapter to international loans in order to show how the great capitalist powers of the time used the credits granted by their bankers to the countries of the periphery to exercise economic, military and political domination on the latter.

Monthly Review Essays

  • From Commodity Fetishism to Teleological Positing: Lukács’s Concept of Labor and Its Relevance
    Wang Pu | Historia y conciencia de clase y el marxismo de Georg Lukács Dialektika | MR Online

    The concept of labor constituted a pivotal problematic in Georg Lukács’s theoretical development throughout his Marxist years.

Lost & Found

  • Russia and the Ukraine crisis: The Eurasian Project in conflict with the triad imperialist policies
    Samir Amin | State flag of Ukraine behind a wall of anonymous protesters in Kyiv Ukraine | MR Online

    We wanted to draw readers attention to this piece by Samir Amin, which was written at the time of the Maidan Coup in 2014. —Eds. 1. The current global stage is dominated by the attempt of historical centers of imperialism (the U.S., Western and Central Europe, Japan—hereafter called “the Triad”) to maintain their exclusive control […]

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