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One side effect of the American/British occupation of Iraq is that it sparked public debate on a dark secret of international finance: the debts taken on by odious regimes. As Iraq's new rulers debate what to do about the billions of dollars in foreign debts inherited...
"It is now clear that the world is slipping -- or has already slipped -- into a new economic downturn, and that this will have serious consequences for the developing countries. Indeed, some prominent economists have warned that this time the crisis will be more...
An important disconnect over the discussion of the future of the European Union exists, one that divides into three parts. First, there is the question of whether the various plans put forward in Europe plausibly could result in success given the premises they are...
EU ministers have delayed payment of an €8bn loan disbursal to Greece after the PASOK government admitted it would not meet deficit targets. Without the money, the Greek state may not be able to pay its workers over the next month. These targets were set as part of...
Presented to the International Labour Rights Information Group Globalization School on Capitalism and the Environment, 3 October 2011 AbstractThe recent rounds of world climate negotiations reveal severe flaws in the character of global capitalism, the role of leading...
This Thursday, in Washington, finance ministers and central bank governors of the BRICS group of emerging powers - Brazil, Russia, India, China and South Africa - will get together and, in the words of Brazilian Finance Minister Guido Mantega, "Talk about what to do...
Does the chaos in the Eurozone signal the beginning of the end of the Euro?Four years and a couple of trillion dollars worth of rescue packages after the eruption of the sub-prime crisis in 2007, we are nowhere near resolution of the “North Atlantic Financial Crisis”....
Theme: This paper examines the impact of the global economic recession on South Africa’s economy and society, the ways in which the country’s government has chosen to respond to that crisis, and its likely social and political fall-out. Summary: Despite initial...
Transcribed by Kate Ferguson. In a far reaching interview with Red Pepper, David Harvey argues that the current financial crisis and bank bail-outs could lead to a massive consolidation of the banking system and a return to capitalist "business as usual" -– unless...