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.
There seems to be little understanding among the EU political class about the signal this sends to governments and Central Banks across the world – that your money is not safe in Europe. Read the […]
Financial flows from global south to global north are a major source of imperialist power. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Back in 2021, […]
The authors’ of new book The Fall and Rise of American Capitalism: From J. P. Morgan to BlackRock argue that finance capital and industrial capital are not in conflict, as many have argued. They are in fact […]
Some of the world’s biggest banks are now back-tracking on prior climate commitments – climate action isn’t just not moving forwards, it’s going backwards. Bill McKibben is the Schumann Distinguished Scholar at Middlebury College and […]
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 […]
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 […]
The relationship between climate breakdown and a dysfunctional finance and insurance system Joao Camargo is a climate activist in grassroots movement Climaximo in Portugal and in the Climate Jobs campaign. He’s an environmental engineer and […]
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 […]
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