Liz Truss has been Prime Minister only for two months, already causing a lot of discontent from the British public. The main reason for the stir is Liz Truss’ “growth-oriented mini-budget”. Truss has sacked Chancellor Kwasi Kwarteng, but there are still dissenting voices within the Conservative Part. The Labour Party is rising in polls, while leading public figures and the ...
Great Britain rose to the status of monetary hegemon in 1871 with widespread adoption of the gold standard. During the gold standard of the late nineteenth century, Britain became the greatest exporter of financial capital. Its capital city, London, also became center of the world gold, money, and financial markets. The end of World War II witnessed the recentralization of ...
While Egypt is witnessing initiatives from the authority to contain the state of discontent in the street caused by economic pressures on citizens, such as the release of groups of people imprisoned for political reasons and those not involved in violent crimes, as well as the start of the national dialogue work called for by President Abdel Fattah al-Sisi last ...
By Fernando Esteche / Buenos Aires * The government of the Frente de Todos in Argentina, which at first promised to be a national and popular restoration against the social and economic ravages of the neoliberal Macrism, ended up being a consolidation of the same model. At first sight what appears is the defrauding of the electoral contract that promised ...
Argentina is facing a serious economic crisis that resembles the situation of lots of countries in the world. Low value of national currency, high inflation and an economy open to capital flight and import flooding. All this is accompanied by a conprehensive agreement with the International Monetary Fund (IMF). The people already have started to protest against the conomic situation, ...
As other countries, Argentina is going to economically hard times. The country faces high inflation, the national currency is weak and additional pressures come from long time relations and recent agreements with the IMF. In the last weeks, the people have started protesting the economic situation in demonstrations and on the streets. On the economic situation and the protests, we ...
By Orçun Göktürk The Belt and Road Initiative (BRI), which was presented by Chinese President Xi Jinping during his trip to Kazakhstan in 2013, was the first target of Brahma Challaney’s “Debt Trap Diplomacy” black propaganda in 2017[1]. Since then, Western countries have adhered to the phrase and begun focusing on the leading BRI in the newly reorganised international system. ...
By Michael Roberts * Japan’s prime minister Fumio Kishida comfortably won last October’s general election for the lower house of the Diet for the ruling Liberal Democrats (albeit with a slightly reduced majority). And he is headed for victory in this Sunday’s upper house election, likely to extend the number of seats it holds to 60 out of 125 contested. So ...
Egypt is now experiencing a real economic crisis, reflected in sequential rises in commodity prices and the decline in the country’s fixed foreign exchange reserves, which has caused a significant drop in the value of the pound against the dollar. Despite what the Egyptian media say, that the crisis is one of the results of the disruption in supply chains ...
Sri Lanka, one of the South Asian countries, has been shaken by the protests against the government and the economic crisis for more than a month. The cessation of the imports of all kinds of products, from milk to fuel, causes great food shortages in the country. Frequent power cuts have also infuriated the public. The people have been protesting ...