Bankers and politicians claim time after time that the debt crisis had come to an end and the normal mode of operation of the financial system had been restored. However, the facts deny this fake optimism. Although the position of most banks has been stabilised, foreign debts represent a heavy burden on developing countries, with various types of economic, social, and environmental damage.
Category Archives: Former issues
Social conflicts in the blind alley of peripherial capitalism
A simultaneous country study describes, how the relationship between economic development and social conflicts appeared as a crucial problem in Jamaica and the Dominican Republic in the last few decades. The authors explain what alternatives were faced by populist leaders in the 1970s, and what were the consequences of subsequent neo-liberal economic policies.
Hungary and the IMF
A double edge study, criticising, on the one hand, those considering the contracts between the IMF and Hungary a relationship free of politics and dependency, and, on the other hand, those who claim that the subordination of Hungary to external financial conditions represents some kind of conspiracy against the Hungarian nation. The author describes the evolution of the relationship between Hungary and the Fund, and reflects on the literature on external indebtedness.
Declaration
A document from the United Kingdom about the necessity and possibilities of developing the "really existing democracy".
In opposition in the 80s
A memoir about the activities of the so-called Democratic Opposition, which begun as a movement for political as well as economic democracy, but finished as a local agent of external powers. A former participant of the DO, a predecessor of the present Alliance of Free Democrats, tells why he left that movement at the end of the 1980s.