The Daily Shaarli

All links of one day in a single page.

October 12, 2020

Debt disaster with no escape – Michael Roberts Blog

The IMF-World Bank semi-annual meeting starts this week. Earlier the IMF kicked off the show with a warning that the poor countries of the world are heading for a catastrophe from the pandemic slump, leading to defaults on the debts that their governments and companies owe to investors and banks in the ‘global north’.

Pulling commodities out of the air | Graham Cox -- Citizens' Press

Since the early 1980s, central banks and governments of top capitalist countries have been attempting to save their beloved system. Responding to the collapsing profit rate was their ultimate goal and drove economic and social policy for 40 years. To save our economy and solve the social, health, and environmental crises we now face we must reverse course.