Can’t Pay, Won’t Pay
Debt-stricken countries like Greece have continued repaying their creditors even though it's hammering workers' living standards. They should stick it to the banks and default instead.
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Debt-stricken countries like Greece have continued repaying their creditors even though it's hammering workers' living standards. They should stick it to the banks and default instead.
What’s left of the Left in the post-socialist world?
Patrice Lumumba was a radical leader of the Congolese independence movement who resisted Belgian colonialism and corporate interests. That’s why he was assassinated in a US-backed coup 59 years ago today.
Frantz Fanon died 60 years ago today. In his last decade, he was deeply involved in Algeria’s anti-colonial struggle — providing lessons that can still be used in the country's fight against dictatorship today.
Italian composer Luigi Nono’s career told the story of European communism writ large: brash and revolutionary at the height of the 1960s and ‘70s, reflective and uncertain as the Italian Communist Party collapsed and the possibility of radical change receded. His life is a reminder that no artist is free from the politics of our time.
The Federal Reserve and the European Central Bank are withdrawing money from markets in the name of fighting inflation. But the move is aggravating the pressures of debt on the Global South — and pushing states toward ruinous austerity measures.
Last Sunday, the military rulers of Mali, Burkina Faso, and Niger quit West African economic union ECOWAS. It’s a major blow to the regional integration project — and a rebuke to Emmanuel Macron’s efforts to interfere in France’s former colonies.
With rich Amazon forests and fewer than a million people, Suriname is one of the few countries that absorbs more carbon than it produces. But the former Dutch colony is now being forced to implement destructive austerity by global financial interests.