Much of the world’s population ‘lives their lives inside a tragedy the size of the planet.’ This is in large part due to institutions like the International Monetary fund that enter countries across the Global South with shop-worn prescriptions, a recipe that it has effectively sold for the past four decades: structural adjustment. This recipe cuts back on State spending on social infrastructure (education and health) and increases measures that are attractive to monopoly capitalism. It strips countries of their sovereignty, putting into a place a neoliberal framework that far outlasts the administration that opened the door to the IMF’s bitter neoliberal policies. This recipe has engulfed Mexico, too, which despite the victory of left Presidential candidate López Obrador, remains stuck within a narrow framework for policy has been set by the IMF and by international banks.
In the Ruins of the Present traces the challenges posed by globalization and what these challenges produce for our society. The first attempt to address the problems of globalization was neo-liberalism. It failed. Next came cruel populism, which expresses itself in narrow, hateful terms. It will also fail. The Left is weak – decomposed by globalization. The need of the hour is for the Left to recompose itself, to become a vital force for a fragile humanity.
Globalisation and Its Alternative lays out Samir Amin’s assessment of the concept of globalisation as well as his concept of ‘de-linking;’ that is, for the Third World to compel imperialism to accept its conditions and to be able to drive its own policy. Amin’s perspective helps us understand the current crisis of capitalism and imagine a world based on a multi-polar, internationalist people’s agenda, rather than one driven by global capital.
For six months, Argentina has been confronted with a new economic and social crisis on a massive scale. In the context the devaluation of local currency, rising inflation, and a deep recession, Mauricio Macri’s administration struck an agreement with the IMF, marking a major shift in the country’s future. The agreements slash public spending and prioritize the repayment of debt, among other measures. This dossier examines the different dimensions of the crisis, the open disputes, and the possibilities for the immediate future.