The West Is Drowning the Global South in Debt
The Global South faces its worst debt crisis in years – but instead of providing assistance, Western states are pushing policies that will drive millions into poverty.
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Grace Blakeley is a staff writer at Tribune.
The Global South faces its worst debt crisis in years – but instead of providing assistance, Western states are pushing policies that will drive millions into poverty.
The past decade has exposed austerity as the most destructive policy in modern British history – but the Tories are determined to keep it alive.
In today’s Budget, Jeremy Hunt talked about ‘growth’ but delivered policies that will lock Britain into years of low pay and crumbling public services.
The public intervention to protect Silicon Valley Bank’s investors is a perfect example of politicians moving fast to make sure the rich never pay a price for their recklessness and greed.
Amid the worst squeeze on living standards in decades, Keir Starmer’s Labour has a historic opportunity to transform this country – but yesterday’s speech shows he’s more concerned with staying in the establishment’s good books.
The Global South is enduring its worst debt crisis in decades. Unless there is immediate relief, any progress made on tackling extreme poverty risks being wiped out.
During Covid, fossil fuel companies saw tanking oil prices as a sign to finally invest in renewables. Now they’re making bumper profits, they’re rolling back those initiatives – because for them, cash always comes before the planet.
Even a drop in house prices won’t make it possible for most young people to get on the property ladder. The only real answer to the housing crisis is a massive programme of social housebuilding – and getting tenants organised.
The UK’s expected recession this year won’t be an act of god – it’ll be the result of years of political decisions that have left workers without any money.
This week, world leaders and corporate royalty descend on Davos for their annual forum on ‘solving global challenges’ – but the biggest problem the world faces is them.
Millions of households are living in fuel poverty, and it’s only set to grow worse as government support is scaled back. Last week’s cold snap makes it clear: we need to bring the bills down, and for good.
The Tories claim real-terms pay rises are ‘unaffordable’, but it’s not the economy they’re worried about – it’s workers winning and inspiring others to follow their example.
Blaenau Ffestiniog in North Wales was once the slate capital of the world. Now it’s pioneering grassroots alternatives to the devastation of post-industrial capitalism – and pointing a way toward a socialist society.
David Cameron’s Tories justified austerity by saying we were ‘all in it together’. Now millions are going hungry and public services are on their knees while the rich enjoy the spoils – we can’t afford to let them lie again.
David Cameron’s Tories justified austerity by saying we were ‘all in it together’. Now millions are going hungry and public services are on their knees while the rich enjoy the spoils – we can’t afford to let them lie again.
This week, Grace speaks to Aeron Davis, professor of political communication. They discuss the power of the Treasury and how the financialisation of the UK economy has eroded democracy.
Grace speaks to Milena Ansari, international advocacy officer at Addameer, the Palestinian prisoner support and human rights organization. They discuss the horrendous practice of administrative detention and the role of the Israeli justice system in upholding the occupation and the oppression of Palestinians.
Another round of austerity could push millions into poverty and public services to the brink – it isn’t ‘sensible,’ it’s an act of vandalism.
By pursuing tax cuts for the rich while the rest of the economy crumbles, Liz Truss has tanked the pound – and locked Britain into a spiral of national decline.
Liz Truss’s government is rehashing the idea that funnelling money to the rich produces more wealth for everyone else. There’s just one problem: it doesn’t work.