A core belief of neoliberal capitalists is that government budgets must be balanced to prevent the accumulation of public debt. But is public debt necessarily bad?
World commercial expansion is dependent on payments made in the U.S. dollar, a currency that all nations -- except the U.S. -- have to earn through export surpluses, or go into debt.
According to some, austerity is supposed to promote growth, but the IMF team shows the inequality increases that result from austerity feed back into slower growth.
In a slowing global economy, eyes turned to Shanghai where G20 finance ministers and central bankers sat down February 26-27 to assess the worsening outlook, and agree on what to do together.
The Canadian government says its aid helps Africa to increase food security and stimulate economic growth. In his new book, Yves Engler argues that this is largely public relations spin.
As we watch the news of a last-minute deal, Michael Hudson reflects on what Greece might achieve and the Delphi Declaration.
The increasingly progressive nature of the International Monetary Fund's analysis represents a definite step forward in the worldwide trend toward rethinking economics.
A clash between the Greek government and the European establishment is drawing nearer. How will Syriza resist?
The IMF makes it clear that inequality can hurt society by allowing the wealthy to manipulate the economic and political systems in their favour, and this is where government action is required.
In the last few weeks, news stories have emerged that suggest the West is beginning to devolve into a kind of new feudalism. Are we seeing the signs of a new feudal order?