It’s Wednesday and I cover a few topics usually in less depth than usual and provide a musical entree. From tomorrow (June 22 to 23), the so-called world leaders are meeting in Paris for the – Summit for a New Global Financing Pact – which is being hosted by the French president. The aim, apparently,…
IMF
There is something deeply wrong with the world under Capitalism when the poorest countries in the world pay more out on debt servicing to loans that the wealthy countries have provided than they do on maintaining their health care services. I have been examining data derived from the World Bank WDI database and the IMF…
The more successful BRICS becomes the weaker Western hegemony over the South will grow. Though some Western politicians and media insist on downplaying BRICS’ role in shaping the new world order, the change seems to be real and irreversible.
The post The Rise of the Global South: Can BRICS Triumph Over the IMF and World Bank? appeared first on MintPress News.
Last week (April 11, 2023), the IMF released their half-yearly update – World Economic Outlook: A Rocky Recovery, April 2023 – which excited the headlines in the media with predictions of gloom and calls for fiscal austerity and more interest rate hikes. The only good thing about these reports every six months is the accompanying…
By Eve Ottenberg / CounterPunch The U.S. tyranny of monopoly capital has long preferred to deal with fascist governments abroad, specifically in the Global South. American oligarchs’ foreign fascist sycophants are so much more malleable than democratic representatives; they don’t even have to be told what to do because they know. It’s in their DNA. […]
The post Did Washington Boost Another South American Coup? appeared first on scheerpost.com.
We kid ourselves when talking about change. I see a lot of Op Ed material recently from the so-called Left that seems to suggest, for example, that those concerned about climate change are really just handing the keys to capital…
Daniel Christen and Nicola Shadbolt Geoeconomic fragmentation is one of the greatest risks to the international monetary and financial system at present, particularly since Russia’s war of aggression against Ukraine. Fragmentation is likely to have wide-ranging implications for the global economy, including increasing the volatility of capital flows and exposing gaps in the global financial … Continue reading Precautionary facilities: stitches for a fragmented financial safety net