The US stock market is bullish, but there are signs that the financial system has found new ways to re-produce risky lending crisis eerily familiar to the notorious sub-prime loans in 2008. Michael Roberts is […]
The global north is extracting wealth from the global south in the form of debt repayments. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Today, […]
Debt distress across the global south and the mounting evidence of climate breakdown are major crises which are not even on the radar of the G7 and the Bilderberg group as they meet this week. […]
Argentina under ‘anarcho-capitalist’ Javier Milei is going back to the IMF, having arrested hyper-inflation through massive austerity. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog […]
The external debt levels of global south countries is dwarfing their spending on education and health – a new development paradigm is needed. Vijay Prashad is an Indian historian, editor, and journalist. He is a writing […]
Behind the overthrow of Bangladesh’s government lies a familiar story in the global south of rising debt interest and IMF-imposed austerity. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
An examination of the relationship between war and debt across history. Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at […]
Ukraine is rapidly accumulating a debt that it will never be able to afford to pay off. Ian Proud was a member of HM Diplomatic Service from 1999 to 2023. From July 2014 to 2019 […]
There’s reason to believe that the combination of high levels of public and private indebtedness combined with high interest rates could lead to financial trouble in the not-too-distant future. In Ann Pettifor’s Substack. Read the […]
‘Climate finance’ from the global north to the global south is just high-interest loans, sometimes tied to obligations to source materials for green projects from rich countries. In ‘Reuters’. Read the article HERE.
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