Subjects Archives: Financialization

Despite the limitations of the BRICS project, it is clear that the increase in South-South trade and the development of Southern institutions (for development financing, for instance) challenges the neo-colonial system even if it does not immediately transcend it.

The World Bank plans to use public funds to subsidize private finance, ostensibly to mobilize much more capital to address the climate crisis. But the new plan is not the solution it purports to be.

Since the overthrow of Niger’s U.S.-friendly government, West African nations of the ECOWAS bloc have threatened an invasion of their neighbor. Before leading the charge for intervention, ECOWAS chair Bola Tinubu spent years laundering millions for heroin dealers in Chicago, and has since been ensnared in numerous corruption scandals.

MANY economists have been advocating a universal basic income for India, an idea that was mooted even in the official Economic Survey for 2016-17.

While the five original BRICS states have their geopolitical differences, they are finding enormous common ground on the geoeconomic front as trade volumes surge and trade routes multiply.

An interview with longtime activist Savitri Durkee who was a plaintiff in the record-setting class-action lawsuit.

In recent times, any analysis on Argentine politics or the Argentine economy does not fail to mention the IMF as one of the fundamental, if not decisive, actors of national events. And its influence on the Government’s decision-making process, on what it does or does not do, more than deserves this recognition.

Ecocide is the deliberate destruction of an environment so that it can no longer sustain life.

As U.S. cluster munitions arrived in Ukraine, a bi-partisan vote struck down an effort to stop the internationally banned weapons’ transfer. Meanwhile, every House Democrat and a majority of Republicans voted down a measure to strip $300 million of Ukraine aid from the NDAA.

INDIA and other third world countries can morally justify their being a part of G-20 alongside the imperialist powers, only if they raise common and pressing problems of the third world as a whole at G-20 meetings.

Each member of the Bloomberg Billionaires Index made an average of over $14 million per day over the last six months—even as 47 percent of the world’s population barely survived on $6.25 a day.

Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for workers’ wages, according to research by IMF economists.

37 years after a 1986 International Court of Justice ruling, the United States still refuses to pay Nicaragua the reparations it legally owes. Today, the Nicaraguan government is demanding that the United Nations take action.

Spend less, work longer or get another job, move in with your parents or get a flatmate. But whatever you do, don’t push for a pay rise to compensate for inflation.

Canada’s recent seizure of a Russian an-124 cargo plane, which had been delivering COVID supplies when it was grounded in February 2022 at Pearson Airport (it was forced to pay a fee for every minute, despite being trapped there), is another sanction among many others.

We ask a number of activists and academics to tell us what David Graeber’s work meant to them and the salient message it still carries today.

The Venezuelan researcher offers her reflections on Chávez’s geopolitics and the reactivation of the Union of South American Nations.

The collective push to replace the U.S. dollar as the world reserve currency has much to do with Washington’s “weaponization of the dollar through the use of sanctions.”

The BRICS bloc’s New Development Bank, an alternative to the U.S.-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and adding new members: Argentina, Saudi Arabia, and Zimbabwe.

‘Experts’ from defense industry funded think tanks are flooding the media, pushing for more arms without disclosing their benefactors.