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Éric Toussaint interviewed by Benito Perez for the Swiss newspaper Le Courrier from Geneva Éric Toussaint knows what is at stake in development finance. Founder of the Committee for the Abolition of Third World Debt (CADTM) in 1990, the Belgian political scientist was...
A crisis in the capitalist system is a kind of wake up call: speculative bubbles burst, the price of assets [8] moves back towards their real value; the least profitable corporations go bankrupt, and capital is destroyed [9]. Crises are in a way part of Capitalism's...
South AfrIca's coal-fuelled development path delivers jobs that are less than decent and results in massively negative externalities – water contamination, air pollution, loss of farmland and community commons and livelihoods. With theexception of Sasol, coal is still...
The present research investigates how explanations for sex 'work', and constructions of it as a market exchange just like any other, function to reinforce and perpetuate the current shape of the sex industry in New Zealand. It also examines how key themes in feminist...
Correction (February 3, 2010)--Passage on Himalayan glaciers in paragraph 5 of article originally published January 2010. This article was written for presentation at the Workshop on Marxist Theory and Practice in the World Today, Ho Chi Minh Academy of Politics and...
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...
Just before last weekend’s meetings of the World Bank and International Monetary Fund (IMF) board in Washington, South Africa's finance minister dropped us an obscure news item: “Gordhan concerned about rand volatility”(Reuters, April 16). Hidden away in the business...
Is it a house or a home? A temple to the new India, or a warehouse for its ghosts? Ever since Antilla arrived on Altamont Road in Mumbai, exuding mystery and quiet menace, things have not been the same. “Here we are,” the friend who took me there said, “Pay your...
A slow dawn of realisation is setting in among sensible elites: that the world economy isn’t going to recover according to any prior experience, that financial markets are rigged to transfer from the 99% to the 1%, and that ecological barriers are emerging fast on the...