How to Escape the Eternal Debt Trap
The fight against the foreign debt that strangles Argentina is at the center of the electoral campaign of the Workers Left Front — Unity (FIT–U). This article explains how imperialism uses the debt to subjugate the masses, and spells out a program in opposition.
Lucia OrtegaNovember 11, 2021
Stopgaps Won’t Stop the Crisis — the Capitalists Must Pay
On Thursday, September 30, Joe Biden postponed the government shutdown. A week later, the debt ceiling was raised by $480 billion. Capitalist crisis is ultimately inevitable unless we fight back with working-class methods.
K.S. MehtaOctober 7, 2021
Will the Macron–Merkel Agreement Save the EU from a Debacle?
In the early hours of July 21, leaders of the European Union agreed to what the New York Times called a “landmark spending package to rescue their economies from the ravages of the pandemic.” This article is a thoroughgoing political economy analysis of the effort to save the European Union from the pandemic and the economic crisis that had already been forecast before the virus struck, originally published in French in May.
Juan ChingoJuly 24, 2020
Debt Relief Is Not Enough — Cancel the Debt of the Global South
Many countries are spending more on debt payments than on healthcare, even during the coronavirus pandemic. All Global South debt should be cancelled.
Otto ForsJune 17, 2020
Kirchnerists Vote for Argentina’s Surrender to Vulture Funds
Macri's conservative government won a crucial vote in the Senate to lock Argentina into paying billions to the “vulture funds” – predatory hedge funds that acquire public debt through defaulting nations for a fraction of the true value and engaging in legal action to enforce full payment.
Fernando ScolnikApril 8, 2016
Puerto Rico’s Catastrophic Fiscal Adjustments
Imperialism seeks to prevent another Greek scenario. In Congress, Obama requested legislative reforms to clear the way for Puerto Rico to undergo bankruptcy processes. The republicans, who currently have the majority, are staunchly opposed to the proposed package. However, both parties on Capitol Hill want the island’s people and workers to pay the costs of the crisis.
Bárbara FunesNovember 7, 2015