A review of The Debt System: A History of Sovereign Debts and their Repudiation, Éric Toussaint (Haymarket, 2019), £14.99 Even before the global shutdown caused by the coronavirus pandemic, the World Bank was warning that a new international debt crisis… Continue Reading
The election of Donald Trump as president of the United States crystallised fears among sections of the financial elite that the world economy was beginning to spin towards a new era of protectionism. During his campaign Trump used rhetoric that… Continue Reading
It has become a rarely challenged commonsense assumption that, as part of the globalisation process, there is an inexorable haemorrhaging of jobs from the “Global North” to the “Global South”. China and other countries in Asia are cited as prime… Continue Reading
Social scientists and journalists have bandied about terms such as “globalisation” and the “new economy” for some time. Behind much of this lies the argument that the working class is dead and with it Marxist hopes of working class self-emancipation.… Continue Reading
Liberalisation, deregulation and the forms of ‘globalisation’ they lead to tend to be taken by academic economists and researchers somewhat too easily as parameters which are difficult, possibly even pointless, to challenge. When challenge does emerge, be it quite moderate… Continue Reading