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A new Third World debt crisis? The need for system change
Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss the growing debt crisis in the Global South and the need for forgiveness…
2 years, 8 months ago
US Congress plots to save dollar dominance amid global de-dollarization rebellion
The US Congress held a hearing titled "Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency", while countries around …
2 years, 8 months ago
Did the debt ceiling deal really save the US from bankruptcy?
Economists Radhika Desai and Michael Roberts discuss the US debt ceiling deal reached by President Joe Biden and the Republican opposition, and what …
2 years, 8 months ago
Rise and fall of US-led neocolonial financial order: From Bretton Woods to BRICS
Ben Norton discusses the rise and fall of US-led neocolonial financial order, from the 1944 Bretton Woods conference that established the US dollar a…
2 years, 8 months ago
Trump boasts he wanted to take Venezuela's oil after overthrowing its government
Former US President Donald Trump boasted at a campaign rally, "When I left, Venezuela was ready to collapse. We would have taken it over; we would ha…
2 years, 8 months ago
Debunked: Media falsely claims China is building spy base in Cuba
Major media outlets have claimed China is building a secret station in Cuba to spy on the US, citing anonymous intelligence officials. But the Pentag…
2 years, 8 months ago
How the BRICS Bank is resisting US financial domination
The BRICS bloc’s New Development Bank (NDB), an alternative to the US-dominated World Bank, is de-dollarizing its loans, promoting local currencies, …
2 years, 8 months ago
BRICS is adding members, planning new currency to challenge US dollar
Foreign ministers from BRICS (Brazil, Russia, India, China, and South Africa) met to discuss expanding the Global South-led bloc and creating a new g…
2 years, 8 months ago
Why capitalism is inherently imperialist: Class struggle at the international level
Political economist Radhika Desai discusses how capitalism is inherently imperialist, what the class struggle looks like at the international level, …
2 years, 9 months ago
Debt ceiling hypocrisy: US boosts military budget while restricting food stamps for poor
US politicians from both parties agree: the deficit doesn't really matter. In their bipartisan deal to raise the debt ceiling, Biden and Republicans …
2 years, 9 months ago