China has established itself as a fully blown competitor to the IMF and World Bank for infrastructure investment worldwide, and in many places has usurped Western lenders. John P. Ruehl is an Australian-American journalist living […]
While the United States seeks to blame China for Sri Lanka’s debt crisis, it is an American vulture fund which is refusing a re-negotiation of the south Asian country’s debt. Michael Roberts is an Economist in […]
In the US, mortgage applications are now down 50% and at the lowest levels since 1994. Credit card defaults rates are higher than in 2008. Is the debt bubble about to burst? Read the article […]
De-dollarization remains an extremely dangerous path to walk for most countries, but no longer impossible. Justin Podur is a Toronto-based writer and a writing fellow at Globetrotter. You can find him on his website at podur.org and […]
The global south debt crisis is escalating – debt cancellation is the only effective and just solution. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts’ blog Next […]
The poorer countries are demanding an end to a world dominated by the rich—as well they should. Cross-posted from Common Dreams Jeffrey D. Sachs is a University Professor and Director of the Center for Sustainable […]
Extortionate debt forces nations to pursue climate-unfriendly policies in the hope of repaying loans. Until the next crisis strikes. Cross-posted from Common Dreams As climate activists, we are used to banging our heads against brick […]
As the cost of living crisis bites, working class Europeans are increasingly getting into problematic debt. Ben Cuzzupe is an Editor and Communications Officer at Finance Watch. Peter Norwood is a Senior Research and Advocacy […]
More than 1,700 people have been killed in floods that continue to submerge parts of Pakistan. Amid this crisis, activists are demanding debt cancellation and climate reparations. Cross-posted from the Independent Media Institute Even as […]
Mohsen Abdelmoumen interviews economist and anthropologist Michael Hudson on the history of debt and credit, modern economics and what an alternative monetary and financial system would look like. Cross-posted from Michael Hudson’s blog Mohsen Abdelmoumen: […]
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