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Progress in Zimbabwe won’t begin until the political drain is unclogged in the wake of free and fair elections, and until the pipe leading from one of the world’s largest-ever diamond finds to corrupt military coffers is conclusively blocked. While GDP growth has been...
Presented to the ‘Repoliticizing Debt’ conference Queen’s University Development Studies, Kingston, Canada, 30-31 May 2012 Introduction It is now conventional wisdom amongst political economists that accumulation crisis, geopolitical maneuvres and financialization...
Eric Toussaint interviewed by Ana Benačić In this interview first published in Croatian on the portal net.hr and taken up by several websites in Croatia, Eric Toussaint develops ways out of the debt crisis which are very useful for different countries in Europe and...
The world has to reinvent growth as it is costing it the Earth June 5, the World Environment Day, is meant to celebrate the idea of the environment and put it into practice. It is a day to take stock of where we stand and where we should be headed in future. The theme...
The economic crisis that began in 2008 is getting worse—but it’s finally sparking a fight back in the U.S. IT’S BOTH an exciting and a sobering time to be a socialist in the United States or, for that matter, almost anywhere else in the world. Exciting, of course,...
The crisis of capital at the present juncture when capitalism is deeply financialised is extremely difficult to resolve. The main structural problem of the system is the downward pressure on the rate of profit, but further financialisation is no longer a sustainable...
May brought home to the world evidence of the popular rejection of the irrational pursuit of austerity amidst recession in Europe and elsewhere. One telling signal was the victory of Francois Hollande in the French Presidential run-off, making this the first...
The debate over the Green Economy rages on next month in Rio de Janeiro, at the International Society for Ecological Economics meetings, the Cupulo dos Povos alternative people’s summit, and the UN’s Rio+20 Earth Summit. Proponents and critics of ‘green growth’...
In coming days, the World Bank will have a new president. Smart money backs Barack Obama’s choice: Dartmouth College president Jim Yong Kim. But two weeks ago, Nigerian Finance Minister Ngozi Okonjo-Iweala was endorsed by her Pretoria counterpart, Pravin Gordhan....