austerity

Once plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt, and forced underdevelopment.

As progressive governments take office in the Global South, now more than ever there is a burning need for a new development theory that can fulfil the Promethean aspirations of the darker nations.

From the 1941 ‘American century’ to Trump’s ‘American carnage’, the US has shifted from a post-WW2 boom to decline, facing political divides, economic crisis, poverty, and social decay.

In Rio Grande do Sul (Brazil), millions are suffering from extreme flooding. Amid the waters, the Landless Workers’ Movement is focused on providing emergency relief.

In October, the IMF and World Bank gathered in Morocco for their annual joint meeting – their first such summit on African soil since 1973. In the decades since, the IMF and World Bank have…

Humanity is in a spiral of crises that has been referred to as a ‘polycrisis’. From the environment and climate to poverty and hunger, these myriad issues are ultimately rooted in the failures of capitalism.…

On 8 January, right-wing supporters of Brazil’s former President Jair Bolsonaro launched an attack on the country’s capital. Like the US Capitol attack (2021) and coup in Peru (2022), the events in Brazil are part…

The extreme wealth inequality between 99% of the world’s population and the richest 1% is appalling and has produced immense social consequences. In the context of overwhelming poverty and social fragmentation, people turn to popular…