Transnational actions against the European Central Bank’s opening: March 18th 2015 in Frankfurt
Join the transnational actions against the ECB’s opening on March 18th in Frankfurt! It is our crucial chance as well as our responsibility to build a common, effective force from below – if they want capitalism without democracy, we say, we want democracy without capitalism.
Thanks to the “Swiss leaks” HSBC is back in the news. But they are not alone, other banks including UBS, have also organised large-scale tax frauds and evasion. UBS, which had to be saved from failure in October 2008 by massive injections of Swiss public money, was involved in the LIBOR manipulation scandal, the currency markets manipulation scandal (UBS is the subject of several inquiries by controlling authorities in Hong Kong, US, the UK, and in Switzerland) and the abusive sale of (...)
Help to produce the follow-up to the acclaimed “The end of poverty?” which CADTM co-edited.
As the chasm between haves and have-nots has continued to widen, we realize that now is the time to make the follow up film to THE END OF POVERTY ?.
Series : Governments submit to “Too Big to Fail” banks (part 8)
Because of the policies of the central banks and the governments, the economies of the industrialised countries have fallen into what J. M. Keynes named a ’liquidity trap’. While central banks inject liquidity into the economy and lower interest rates, the banks and big corporations prefer to keep the cash available and/or use it to speculate.
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 13)
The supposed South Korean success story has been achieved thanks to policies that run contrary to the economic model advanced by the World Bank. Far from being a virtuous accumulation of wealth through the advantages of free-market forces, the economic development of South Korea came about by “a brutal primitive accumulation achieved by the most coercive methods, in order to produce virtue by force” (J-P Peemans).
Tunisia Once Again the Site for the Next WSF in March 2015
The Arab Spring is now going through a frustrating period of setbacks. From this perspective, the fact that the next World Social Forum will again take place in Tunis, from 24 - 28 March 2015, proves particularly important. “This forum is a necessary one in order to, among other things, raise citizens’ level of consciousness in order to better mobilise to confront injustice and inequality, and support peoples’ liberty and dignity,” emphasises Mimoun Rahmani, researcher on economics, active (...)
With the Greek people, for a change in Europe
by Por el Cambio en Grecia
The upcoming Greek elections can represent a turning point in the European scenario. Greece has become a political and economic testing ground of the European elites, spreading misery and weariness throughout all the South of Europe as a response. The economic recipes based on austerity and (...)
Africa: plummeting commodity prices might lead to a new debt crisis
by Eric Toussaint
Debt Euphoria In 2014, Rwanda and Ethiopia, two of the world’s poorest countries, sold public debt bonds on the financial markets of the most industrialized countries. While still unstable after civil wars and with debt payments suspended hardly three years ago, the Ivory Coast also managed to (...)
Thomas Piketty and public debt
by Eric Toussaint
We cannot but rejoice at Thomas Piketty’s refusing the Légion d’honneur that the French governement wanted to award him with at the beginning of 2015. A few days earlier in an op-ed in the French daily paper Libération Thomas Piketty fiercely exposed the absurdity of neoliberal policies, notably (...)
Change Greece - change Europe - changer4all!
Syriza’s potential victory in the forthcoming elections in Greece is of the utmost importance for all those who want Europe to change course. Such a victory would be an expression of the demand for dignity and justice: for hope. The threats and pressure applied by EU leaders, the Troika and (...)
European Union: social and democratic rights radically challenged!
by Eric Toussaint
If the governments, the ECB and the European Commission truly intended what they claimed—that is, to reduce unemployment, boost economic activity, clean up the banking sector, increase and stimulate lending to small businesses and consumers, increase investment, reduce debt, and so on—, then (...)
Sovereignty and Vultures, Debt and the Commons
by Assembly for the Suspension of Payments and Investigation of the Debt and in Defense of our National Heritage and the Commons
As part of its end of year activity, our Assembly for the Suspension of Payments and Investigation of the Debt and in Defense of our National Heritage and the Commons issued a document of balance and 2015 perspectives, entitled “Sovereignty and Vultures, Debt and Common Goods” While some await (...)
What would a SYRIZA victory mean for the movements?
by Markos Vogiatzoglou
The upcoming elections in Greece may bring the left to power. Can SYRIZA win? What happens next? And what would a SYRIZA victory mean for the movements? The forthcoming elections of January 25 in Greece bring the possibility of a left-wing government closer than ever. This article aims to (...)
Hands off Greece, fighting back and resisting
by CADTM Europe
Even before the dissolution of the Greek parliament and the ensuing electoral campaign, International and European powers have launched a campaign of lies and threats aimed at cowering the Greek electorate away from voting for SYRIZA (United Social Front) in the upcoming general election to (...)
Ebola epidemic exposes the sickness of the global economic and political system
by People’s Health Movement
29 December 2014
On August 8, 2014, the World Health Organization (WHO) declared the Ebola outbreak a “public health emergency of international concern”. The declaration came four months after the WHO reported a major Ebola outbreak in Guinea in West African. The epidemic broke in Guinea and spread to three of (...)
Open letter to the President of Ecuador, Rafael CORREA DELGADO
29 December 2014
Those of us who sign this letter were surprised with the news that the government of Ecuador decided to revoke the 1991 agreement that loaned the Confederation of Indigenous Nationalities of Ecuador (CONAIE) the use of their building. In our view it is clear that the reasons given (the use of (...)