Subjects Archives: Third World Debt

The conference in Lahore centered on the principal contradictions of our time: world capitalism, neocolonialism, and imperialism on the one hand, and the forces resisting them on the other. It is rare for seminars like these to have such clarity of purpose.

No amount of money can repair the damage which has been caused to the African people through the transatlantic slave trade, classical colonialism, and today’s neocolonialism. No amount of money can pay for that damage. The essence of reparatory justice is a just reconstruction of the world, an entirely new world.

The world needs an alternative structure of accumulation, beyond neoliberalism, if U.S. hegemony is to be decisively challenged.

THE very concept of sovereignty of third world nations is now being sought to be abolished by imperialism in violation of all canons of international law, as is evident from the bombing of Iran by U.S. and Israel with the explicit objective of effecting a “regime change”.

The Indian government appears to have abandoned even the remnants of neutrality, and thrown in its lot with the U.S.-Israeli side. What explains this stand?

The 47th Summit of the Association of Southeast Asia Nations (ASEAN), held in Malaysia in October 2025, was a pivotal moment in the ongoing attempts by the United States to redefine the socioeconomic trajectory of Southeast Asia. While much analysis of the Summit has focused on the impact of US tariffs, there has been less […]

Some of David Graeber’s basic assumptions about money and public provisioning limit what the left can imagine and accomplish.

According to a report in the Times of India (November 23), the United States has asked European countries to restrict immigration in order to preserve “Western Civilization.” Many in the Third World would find the term “Western Civilization” laughable, especially if it is used in the sense of denoting something precious and worth preserving. The atrocities […]

BRICS+ is contradictory, uneven, and fragile—but in its openings, the Global South carves space for sovereignty and struggle Multipolarity Emerges from Crisis, Not Consensus The story they sell is that “order” was built by reasoned men in sensible suits. The story we live is different. Multipolarity did not grow out of seminars or summits; it […]

VP: “Marxism, which is an ever-evolving field of analysis, is the most accurate critique of capitalism. As long as capitalism remains with us, Marxism must remain until another form of critique—better than Marxism—appears.”

For today I have been asked to speak a bit about my country, Puerto Rico, and the socioeconomic crisis that is currently developing there.1 Given the time constraints, I want to provide you with a brief overview of what is being experienced there by the victims of the crisis. I want to also speak a […]

On a stormy August night in 1791, Dutty Boukman (1767–1791) and Cécile Fatiman (1771–1883) conducted a Vodou ceremony at Bois Caïman in northern Saint-Domingue, in the French-owned part of Hispaniola.

1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]

Dozens of economists, intellectuals, and movement leaders have converged in São Paulo for the IV International Dilemmas of Humanity conference.

The Global North and its corporate executives have wielded the concept of ‘corruption’ to underdevelop the Global South, whose social wealth it instead injects into the Continent of Sleaze.

One of the major problems faced by Global South countries is that they are saddled with immense debts in dollars, and Western corporations claim ownership over their resources.

AS SIGNIFICANT as the fact of BRICS expansion are which countries are now set to join: Iran, Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia and Argentina.

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.

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.

The African continent, like the American continent, was subjected to colonization and intervention by European nations and, although the processes were different, there are common channels between the two histories, just as there are with Asia.