global debt
Growing global economic distress as G7 meet ends
May 22, 2023
The global economy is being dragged down by fundamental forces that even the mighty US is still captive to. It may be the world’s dominant imperialist power but it is still merely monopoly capitalist and as such subject to the deeply-ingrained contradictions of capitalism.
The world’s converging crises: How did we get here?
October 20, 2022
The world economy is faced with converging crises – high debt levels, food and fuel inflation, weakening currencies, and a climate emergency that makes the planet’s very future uncertain. It’s a perfect storm for everyone, but it is having a disproportionate impact on poor countries and their poor populations.
PH isn’t Sri Lanka… yet
May 25, 2022
The Philippines isn’t going the way of Sri Lanka yet in defaulting on its foreign debt payments anytime soon. Which is not to say that there are no lessons to be learned from the first canary to die in the coal mine of growing global debt distress.
