Stop the Wars at Home and Abroad!

Oxfam Report Highlights Deep Harms of IMF ‘Austerity Drive’ in Poor Nations

by Jake Johnson, published on CommonDreams, April 13, 2023 Austerity is the flip side of sanctions.  For the global south, economic interactions with western financial institutions are “austerity” vs “sanctions” which amounts to “Damned if you do; Damned if you don’t”  The entire western economic structure is geared to extraction, and its prescriptions permeate the global south like poison.   [jb][…]

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The World Bank and the BRICS Bank Have New Leaders and Different Outlooks

by Vijay Prashad, produced by Globetrotter, April 7, 2023 In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job since—by convention—the U.S. nominee is automatically selected for the[…]

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US Corporations Own Around 30% of Ukrainian Arable Land

by Drago Bosnic, published on InfoBRICS, August, 2022 This is how the U.S. treats its friends; pretty much the same as it treats enemies.  [jb] The destruction and plunder of Ukraine have been old news for quite some time now, unfortunately. However, the media and the public have only scratched the surface of the sheer scale of this process. With[…]

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Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony

Drawing by Nathaniel St. Claire for Counterpunch by Michael Hudson, published on CounterPunch Blog, February 8, 2019 The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off[…]

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Development vs. destruction: China and the U.S.

Image: Chinese Belt and Road Economic Initiative ~Wikimedia by Sara Flounders, published on the International Action Center, December 11, 2018 Escalating U.S. military confrontations, political threats, extreme tariffs and an ominous trade war against China are having global repercussions. These provocations impact the economy and the political alliances of every country, not only China. The emerging policies of China and[…]

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GMO Agriculture and the Narrative of Choice

Spraying Monsanto Roundup GE Agriculture, GMO by Colin Todhunter, originally published on CounterPunch The pro-GMO lobby claim critics of the technology ‘deny farmers choice’. They say that farmers should have access to a range of tools and technologies. It is all about maximising choice and options. Taken at face value, who would want to deny choice? At the same time,[…]

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New Evidence of the Systematic Looting of Africa

Zambia denied loan by IMF New Evidence of the Systematic Looting of Africa by an Increasingly Schizophrenic World Bank by Patrick Bond, originally published on Black Agenda Report, Feb 7, 2018 “’Sub-Saharan Africa loses roughly $100 billion of ANS annually because it is “the only region with periods of negative levels’ of gross national income.” A brand new World Bank[…]

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