At the end of 2021, low- and middle-income economies owed 61% of their public and publicly guaranteed debt to private creditors — an increase of 15 percentage points from 2010
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Photo: Jim.henderson via Wikimedia Commons
Economics
Bill Mitchell: The Left/Right distinction is as relevant as ever as corporations gouge profits out of pushing inflation
After years of being captured by identity politics, have many on the Left forgotten what it means to be Left? Read Here © MathieuMD / Wikimedia Commons / CC BY-SA 4.0
Austerity
Aditya Chakrabortty: These councils smashed themselves to bits. Who will pick up the pieces?
Experts saw it coming – it was inevitable: The neo-liberal discourse that private is better. It is pernicious. The question is when the British will stop voting for Tory ideology and hoping a fairytale will […]
Climate Crisis
Robin Scher: As Cryptocurrency Becomes Mainstream, Its Carbon Footprint Can’t Be Ignored
As Bitcoin prices rise, so will the incentive to mine it, creating a feedback loop that spells trouble for the climate. Read here
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