Alternative ViewBlog

World Debt figures

To facilitate our understanding of the complexity of the current crisis, Damien Millet, Eric Toussaint, and Daniel Munevar (CADTM) present a range of statistics on the debt and its repercussions. The economic, financial, debt, and food crises, and how they are interconnected, become clear on reading the tables and graphics that illustrate this brochure. Starting…

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Alternative ViewBlog

Bankocracy

Governments of the most industrialised countries have dramatically increased their public debt to bail out the private banks after the most disastrous economic and financial meltdown in capitalist history since the 1930s. Paying debts and reducing fiscal deficits have become the perfect pretexts to enforce austerity measures everywhere. The Troika (European Commission, ECB and IMF)…

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