New Internationalist NI549, May/June 2024
Description
Debt: Which Way Out?
As more households – and countries – are pushed into unmanageable debt, this magazine explores how we got here, how debt connects us across borders and how debtors can build collective power.
In a global financial system stacked against poorer households and
governments, we ask who is making money from our debt, and who really owes whom?
We hear how debtors’ union, the Debt Collective, is pushing to abolish illegitimate debt and the story behind the standoff at the centre of the G20’s mechanism for alleviating national debt crises.
Greek economist Yanis Varoufakis writes on why it’s capitalism, not debt itself, that’s the issue and Harold Issac reports from Haiti on how the country’s so-called ‘independence debt’, forced by France and its allies, can be tracked to today’s cycle of violence.
Also in this edition, Cyril Zenda explores why so many Zimbabweans are still landless more than two decades on from Mugabe’s land reforms, Henry Luzzatto calls out Israel’s Gaza greenwash and we ask, what if we abolished billionaires?
Back catalogue magazines to 2014 are available on request directly from New Internationalist - please email ni@newint.org
Info
84 pages
Full colour
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