Neoliberalism

The Global South Is On The Brink Of A Disastrous Debt Crisis

December 16, 2024 C. J. Polychroniou, Truthout. Educate! Debt crisis, Global South, Neoliberalism, Poverty

Countries across the Global South are experiencing climate, poverty and development crises — all made worse by the unbearable costs of debt servicing. Indeed, according to Development Finance International, “Citizens of the Global South now face the worst debt crisis since global records began.” Low-income countries, which have seen the amount paid on foreign debt payment increase by 150 percent since 2011, are being hit especially hard. In the exclusive interview for Truthout that follows, Ilene Grabel, a leading economist in global finance and global financial governance, sheds light on the roots of the Global South debt crisis and offers specific strategies for easing the debt burden of developing countries.

The Eighth Continent Is The Continent Of Sleaze

December 13, 2024 Vijay Prashad, Tricontinental: Institute for Social Research. Educate! Africa, Corruption, Global North, Global South, Imperialism, Neoliberalism

The eighth continent is the Continent of Sleaze. You and I have never been there, only heard rumours about it. On that continent, there are rivers of money in which corporate executives bathe and from which they extract whatever they want in order to increase their power, privilege, and property. The corporate executives venture out to lay their hands on the wealth of the world and carry it back to their Continent of Sleaze. What remains is dust and shadows, barely enough for people to survive so that they can continue to labour and produce more social wealth for the Continent of Sleaze.

Our World Is Not For Sale: 25 Years Of Fighting The WTO

December 1, 2024 David Solnit and Deborah James, Common Dreams. Strategize! Battle for Seattle, Labor Movement, Neoliberalism, Seattle, Trade, WTO

25 years ago, for the six months leading up to the World Trade Organization (WTO) summit in Seattle in 1999, I met Deborah in organizing meetings to prepare. Today, while many of us continue our efforts for a better world in many different places and movements, for 25 years Deborah has remained in constant combat with the WTO, together with global movements as part of the Our World is Not for Sale network. I asked if they could share insights on the impacts of the Seattle WTO confrontation and the current threat of the WTO–including obstruction of the needed transition off fossil fuels and the growing domination of Big Tech.

Farmers And Workers In India Unite Against Neoliberal Assaults

November 30, 2024 Abdul Rahman, People's Dispatch. Resist! Farmers, India, Mass Action, Neoliberalism, Worker Rights and Jobs

Thousands of farmers and workers took to the streets in India on Tuesday, November 26 demanding minimum support price for their farm produce and preservation of labor rights in the country against the assaults from the pro-corporate government. The protests were called by all a joint platform of central trade unions and Samyukta Kisan Morcha (SKM), a joint platform of farmers groups formed during the 2020-21 farmers’ agitation against the three pro-corporate farms laws. The central demands of the protesters include repeal of four labor codes introduced by the ultra right-wing Bharatiya Janata Party (BJP) government led by Prime Minister Narendra Modi.

Violence And Extraction In Mozambique

November 14, 2024 Tunde Osazua, Black Agenda Report. Educate! Mozambique, Neoliberalism, State Repression, Western colonialism

As Mozambique faces a new wave of repression following disputed elections, it’s clear that the FRELIMO-led government’s response is less an aberration and more a continuation of its entrenched hold on power. The revolutionary origins of FRELIMO, once a proud symbol of liberation from Portuguese colonialism, have long been diluted by neoliberal policies, corruption, and alignment with international finance capital. FRELIMO’s current predicament is emblematic of a once revolutionary party that has sold out from its revolutionary origins and is now contending with an emerging and formidable political force.

The Crisis Of The Neoliberal University

October 30, 2024 Maryam Alaniz and Tatiana Cozzarelli, Left Voice. Strategize! Capitalism, Democrats, Higher Education, Neoliberalism, Republicans, Student Activism, Working Class

This past year in the U.S., a new chapter in class struggle has been written. Students, many from the Palestinian diaspora, anti-Zionist Jewish people, leftists, and people of conscience of all stripes have stood up against the genocide in Gaza. They have built encampments and questioned universities that run like businesses with investments in Israel. They have faced off the repression of university administrators while unmasking the imperialist character of both the Democrats and Republicans in office who help to send the police to beat up students and workers.

Promise Of Change In Puerto Rico

October 13, 2024 Berta Joubert-Ceci, Resumen English. Resist! Corruption, Elections, Neoliberalism, Puerto Rico

With each passing day, Puerto Rico sinks deeper into a neoliberal process that threatens its very existence. From the purely geological issue, with supposed legal approvals for construction in coastal locations that involve the removal of mangroves and corals that are the natural barriers against coastal erosion, to the displacement of communities that give way to luxury housing for millionaire foreigners. There is a replacement of our population. Basic health and education services are almost nonexistent. In short, life in Puerto Rico has become very difficult. While our central problem is the colonial state, it is imperative to stop this destructive bleeding.

Chris Hedges Report: The Secret History Of Neoliberalism

October 10, 2024 Chris Hedges, Scheer Post. Resistance Report Austerity, Capitalism, History, Neoliberalism, Privatization

Neoliberalism is a stealth ideology, one that at once dominates our lives, but exists in relative anonymity. Its effects have radically reconfigured western societies through deindustrialization, austerity, the privatization of utilities, postal services, schools, hospitals, prisons, intelligence gathering, police, parts of the military and railroads, along with spawning wage stagnation and debt peonage. It has deformed a tax system and gutted regulations to funnel wealth upwards, creating an income inequality that rivals pharaonic Egypt. Yet neoliberalism remains largely unmentioned and unexamined, especially by academia and a media that has been captured by a ruling class that profits from neoliberal doctrine.

Understanding The #OccupyParliament Movement In Kenya

October 9, 2024 Joel Mukisa, Black Agenda Report. Strategize! #OccupyParliament, Kenya, Mass Action, Neoliberalism, Occupy Parliament, State Repression

If you asked a think-tank team leader, a social sciences Professor at Nairobi University if they anticipated the scale and popularity of the protests that rocked East Africa’s economic powerhouse Kenya, only a few months ago many honest people would simply retort, NO! The protests that rather appeared spontaneous characterized mainly by a young generation of Kenyans known as Gen Z protesting the Finance Bill (an annually produced document that lays out the government’s fiscal strategy) that would introduce a cocktail of new taxes on essential and basic commodities.

Argentina: Hundreds Of Thousands Mobilize In Defense Of Public Education

October 9, 2024 Pablo Meriguet, Resumen English. Resist! Argentina, Education, Neoliberalism, Public Education

On October 2, hundreds of thousands of demonstrators took to the streets of Argentina to demand that Javier Milei’s neoliberal government cease its attempts to defund public university education. It was the largest protest to date against Milei’s harsh neoliberal measures, yet the libertarian head of state refused to budge. Several political parties, social movements, unions, and human rights organizations joined students, professors, graduates, and university workers in the streets demanding that Milei not veto the University Financing Law which seeks to increase the university budget given the needs faced by Argentine universities.

Assemblies Can ‘Make The Public A Formidable Force’

October 3, 2024 Ed Sykes, The Canary. Organize! Neoliberalism, Participatory Democracy, People's Assemblies, United Kingdom (UK)

Assemble is a group working to set up local assemblies around Britain. Its aim is for ordinary people to deliberate on important local, national, and international issues, and on the potential solutions to them. Then, delegates would come together at a House of the People. The launch of this house took place in August, and you can see the Canary‘s full, first-hand report on it here. On 23 September, Assemble spokesperson Maddison Wheeldon delivered a statement outside parliament. She highlighted “five urgent political priorities” that people around the country had decided on at the launch. Having stood as an independent candidate in Warrington North during the general election and organised a local assembly, she’s committed to helping ordinary people decide their own fate via assemblies.

France’s ‘President Of The Rich’ Macron Steals Election He Lost

September 10, 2024 Ben Norton, Geopolitical Economy. Resistance Report 2024 French elections, Coups, Democracy, Elections, Elon Musk, Emmanuel Macron, France, Inequality, Neoliberalism

France’s leader Emmanuel Macron, a multimillionaire investment banker known popularly as the “president of the rich”, has been accused by the country’s left-wing opposition of stealing the election and carrying out a “coup”. In June and July, France held two rounds of voting. Macron lost the election, while a coalition of leftist parties came in first place. But Macron refused to allow them to form a government. Instead, Macron made a tacit alliance with the French far right to keep the left out of power, and he appointed as prime minister a conservative politician from an unpopular party that came in fourth place and earned just around 6% of the vote.

As Stock Market Crashes, Is US Facing New Financial Crisis?

August 8, 2024 Michael Hudson, Geopolitical Economy. Resistance Report Capitalism, China, Finance and the Economy, Gaza, Iran, Israel, Japan, Michael Hudson, Nasdaq, Neoliberalism, Palestine, Russia, Socialism, Stock Market, yen, Yuan

Is the United States on the verge of a potential new financial crisis? This is a question that financial analysts are asking after there was a market crash on August 5. It is being compared to the famous “Black Monday” crash in the stock market in 1987. They also both happened on a Monday. So is this another Black Monday? This was the biggest market plunge since the beginning of the pandemic in 2020, when many investors were selling off their holdings, fearing that there was going to be a big recession. In fact, as of the August 5th crisis, the volatility index, the VIX, which is a measurement of how rapidly stock prices move in the S&P 500 – which is the stock market index of the 500 biggest companies on U.S. stock exchanges – the volatility index is at the highest level since the beginning of the Covid-19 pandemic.

Biden/Harris And The Irreversible Crisis Of Neoliberal Fake Democracy

July 24, 2024 Ajamu Baraka, Black Agenda Report. Educate! Coups, Democracy, Genocide, Joe Biden, Kamala Harris, Neoliberalism, US Imperialism

The replacement of Joe Biden as the presidential nominee of the democrat party was a dramatic demonstration that the lords of capital are the only segment of the U.S. population with real agency. The fact that select oligarchs, in this case, the cabal that actually runs the democrat party, can remove a presidential nominee and expeditiously anoint Kamala Harris as his replacement cannot be characterized as anything else but a coup. While this might read as extreme, the situation that African and oppressed people face in the U.S. and globally is also extreme. From killer cops who occupy cities and college campuses across the country, to genocide in Gaza, naivety is a luxury that the oppressed cannot afford.

Boeing Pleads Guilty To Criminal Fraud: The Continuing 737 Max Saga

July 14, 2024 Prabir Purkayastha, People's Dispatch. Educate! Boeing, Boeing 747, Corporate greed, Corruption, NASA, Neoliberalism

Boeing has agreed to plead guilty to a criminal fraud charge regarding the two crashes of 737 Max airplanes that caused the death of 346 passengers on two flights: a Lion Air flight out of Indonesia in October 2018 and an Ethiopian Airlines flight in March 2019. Though Boeing had tried hard to convince the world that these accidents occurred due to poorly trained pilots in the third world, there was overwhelming evidence that Boeing had made significant changes to the flight control systems while hiding them from the US Federal Aviation Administration and the concerned airlines. The Seattle Times, which has done the most work in detailing the cause of the crashes and the failure of Boeing and the federal aviation regulator, described the settlement, “The plea deal… calls for Boeing to pay an additional $243.6 million fine.

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