Ann Pettifor

Sovereign debt

Capital subordinated to the interests of labour (society)

We are living through terrifying times. The greatest threat to humanity stems not just from a virulent superbug, but as scary –  the response to it. In Britain, as in the US, policy action is dictated by an ultra-nationalist government, which while pretending to “take back control” remains committed to a free-for-all for the owners …

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Quincy Jones, Bono, Willie Colón – and the burden of sovereign debt.

  On the eve of the 2019 annual meetings of the World Bank and IMF, we are once again alerted to a rise in the debt burdens of low-income countries. Last year the total external debt of both low- and middle-income countries climbed 5.3 percent to $7.8 trillion, while net debt flows (gross disbursements minus …

Quincy Jones, Bono, Willie Colón – and the burden of sovereign debt. Read More »