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Promise-breaking at the World Bank, Part 1: Before That 66th birthday month of his, March 2012, was auspicious for adding a little spice to his dreary life, but no, it just can’t last. Born in March 1946 alongside his evil twin, IMF, in Savannah Georgia, after...
Friday, June 1, is a date that marks a shift in the public consciousness of the state of the US and global economy. What was touted for months over the past winter as a rebound taking hold in the US economy and that the US economy was ‘exceptional’ and would not...
Like a cancer brought under remission in one part of the body, only to pop up again elsewhere, the world capitalist economic crisis is back Last year the Greek ponzi scheme, whereby the extent of Greek national debt was hidden from its creditors (international finance...
Introduction The Greek crisis represents the deepening of a long systemic contradiction whose origins lie in the 1960s, in the stagnation of monopoly capitalism and the emergence of the South. The industrial centers of the world economy were struck by a crisis of...
The head of state, confident after electoral victory, tells the governor of the central bank what to do, introduces forex controls and announces that a key sector of the economy, sold off to private investors 13 years ago, is to be nationalised. Two members of the...
Sarkozy has been beaten. This is an inspiring result and we rejoice. We should analyse the relationship of forces that it reflects and the situation that it opens. Throughout Europe the incumbents have been beaten. The Greek, Spanish and Portuguese social democrats...
Neoliberal globalization has pushed for the emergence of a new internationalism. Today, it is the violence of the social crisis in the North that is creating the conditions for this new internationalism. Neoliberal globalisation effectively emerged at the beginning of...
The economic crisis that has shaken the world may have started in Wall Street, but it has been made much worse by the actions of both the European institutions and European member states.Much of the so-called debt crisis was caused not by states spending too much, but...
Rendition South Africa styleSenior officials in the Hawks and SA Police Service are conducting illegal ‘renditions’ of Zimbabweans, who are deported from South Africa, handed to Zimbabwean security forces and then murdered. Rendition is the illegal kidnapping and...