“LUMA Out!”: Puerto Ricans Demand the Cancellation of Private Energy Company Contract

Protesters in Puerto Rico are demanding the cancellation of the contract with LUMA Energy amid seven consecutive electricity price rises and increasing blackouts.

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.

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.

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.

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.

Cancel Argentina’s Debt

The current crisis in Argentina is a consequence of the austerity policies imposed on the semicolonial countries by the IMF and imperialism.

Puerto Rico: Debt, Crisis and Colonialism

On July 1, Obama passed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) and the Puerto Rican government virtually defaulted on the nearly $2 billion in bond payments due the same day.

Understanding Argentina’s Surrender

On March 31, with the support of the Peronists, the Argentinean Senate voted in favor of passing the “Public Debt Normalization and Access to Public Credit” bill to authorize the government to pay the holdouts.

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.