austerity

VIDEO: Understanding the insane appeal of Argentina’s Javier Milei

Renowned Argentine sociologist and anti-imperialist critic Atilio Boron joins The Grayzone to discuss the victory of former tantric sex coach and emotionally unhinged liberatarian economic fundamentalist Javier Milei as the country’s president. Boron explains why the desperate popular sectors of Argentina fell for Milei’s shtick, and forecasts a violent rebellion of the president-elect’s economic austerity plans come to pass.

The Dangerously Appealing Style of the Far Right

Emilio Pettoruti (Argentina), Arlequín (‘Harlequin’), 1928. Before he won Argentina’s presidential election on 19 November, Javier Milei circulated a video of himself in front of a series of white boards. Pasted on one board were the names of various state institutions, such as the ministries of health, education, women and gender diversities, public works, and culture, all recognised […]

How the International Monetary Fund Continues to Shrink the Poorer Nations

From 9 to 15 October, the International Monetary Fund and the World Bank held their annual joint meeting in Marrakech (Morocco). The last time that these two Bretton Woods institutions met on African soil was in 1973, when the IMF-World Bank meeting was held in Nairobi (Kenya). Kenya’s then President Jomo Kenyatta (1897–1978) urged those […]

Shifting Baseline Disorders: Only the One Percent is Bad

But for now, let me repeat: the world’s richest 85 individuals do not have the same amount of accumulated wealth as the world’s poorest 50 percent. They have vastly more. The multitude on the lower rungs—even taken as a totality—have next to nothing. — Michael Parenti Funny stuff seeing the MoveOn outfit go after ONLY […]
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“Long COVID”: Economic Devastation and Quarter of a Billion Pushed Into Extreme Poverty  

There is a terrifying prospect that in excess of a quarter of a billion more people will fall into extreme levels of poverty in 2022 alone. Without immediate radical action, we could be witnessing the most profound collapse of humanity into extreme poverty and suffering in memory. That is according to Oxfam International Executive Director Gabriela Bucher. […]

Naive Documentary (-ies) Makers Barely Scratch the Surface!

W.E.B. DuBois: ‘To be a poor man is hard, but to be a poor race in a land of dollars is the very bottom of hardships.’ This documentary (see below, first one linked) is not news, and then, of course, it’s Trump in office blather, too. As if UK, Belgium, France, Germany, Netherlands, Denmark, Italy, Spain, […]
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Millions More Want to Quit

The “Great Resignation” refers to the millions of people who have quit their job over the past 20 months, “more than 4.4 million alone in September” which is about the same as the previous month. These are record numbers. For example, “10 years ago, in September 2011, 1.5m people quit their jobs”. Currently, “The U.S. […]
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Our Future vs. Neoliberalism

(Photo:  Tom Pennington) In country after country around the world, people are rising up to challenge entrenched, failing neoliberal political and economic systems, with mixed but sometimes promising results. Progressive leaders in the U.S. Congress are refusing to back down on the Democrats’ promises to American voters to reduce poverty, expand rights to healthcare, education and […]
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The Fear Pandemic and the Crisis of Capitalism

In October 2019, in a speech at an International Monetary Fund conference, former Bank of England governor Mervyn King warned that the world was sleepwalking towards a fresh economic and financial crisis that would have devastating consequences for what he called the “democratic market system”. According to King, the global economy was stuck in a […]
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