cadtm.org

1 month ago | cadtm.org | Gilbert Achcar

From this perspective, US military expenditure – which has truly exceeded not only that of America’s allies but almost equalled at one point the military spending of all other countries in the world combined – has been a major sacrifice for the benefit of others. According to the same logic, the large deficit in the US trade balance Trade balance The trade balance of a country is the difference between merchandize sold (exports) and merchandize bought (imports).

1 month ago | cadtm.org | Gilbert Achcar

The truth is that this myth is complete nonsense! As if the US president who performed the greatest service to Israel before his successor, Joe Biden, completed his act, and who has now returned to the presidency surrounded by a crew of Christian and Jewish Zionists, some of whom are almost standing on Netanyahu’s right; as if this man, the leader of the global far right and a politician steeped in bottomless reactionary politics, had magically, or perhaps divinely, transformed into an...

2 months ago | cadtm.org | Gilbert Achcar

With each passing day and at an accelerating pace in recent years, it becomes increasingly obvious that we are witnessing a new era of rise of the far right on a global scale, similar to the era of the rise of fascist forces between the two world wars of the twentieth century.

Jan 16, 2025 | cadtm.org | Éric Toussaint

Ukraine’s internal and external public debt has increased by 60% between early 2022 and end of November 2024. It amounted to just under USD 100 billion before the invasion and reached almost USD 160 billion by the end of 2024, including USD 45 billion of internal public debt. [1] Creditors with whom Ukraine’s debt has most increased are the European Union, the World Bank World BankWB The World Bank was founded as part of the new international monetary system set up at Bretton Woods in 1944.

Jan 5, 2025 | cadtm.org | Michael Roberts

This is what I said in a post for the forecast of 2024: “In sum, 2024 looks like being one of slowing economic growth for most countries and probably more slipping into recession in Europe, Latin America and Asia. The debt crisis in those countries in the so-called global south that don’t have energy or minerals to sell will worsen.