Conventional debt management has only deepened the economic and social misery of many countries in the Third World. The so-called treatment offered by the International Monetary Fund and the World Bank cannot be a solution to the problem. A breakthrough towards development is possible only with a substantial debt relief, i.e. a partial or full cancellation of foreign debts.
Category Archives: Periodical
The GATT and the developing countries
The liberalisation of world trade under the auspices of GATT is often interpreted as creating equal opportunities for various countries in the world economy. A deeper analysis discovers the surviving discrimination behind the facade, and the increasing exposure of low income countries to monopoly groups of the capitalist core.
Indian revolt, new guerilla movement or revolution?
The Zapatist uprising that broke out at the beginning of 1994, is not a direct continuation of previous guerilla movements, and lacks the racist features inherent in many Indian riots. It is a progressive movement demanding solutions to the economic problems created in Mexico during the recent decades.
The second year of the French revolution
It is a favourite thesis of right-wing critics of progressive politics that the Jacobin period of the French revolution was a prototype of all totalitarian regimes, including state socialism. The author presents a revision of the story of 1793-4, and concludes that this was a unique period when popular movements of the time reached the highest possible level of influence.
Can a socialist market economy exist?
Péter Szigeti, József Mocsáry, Károly Lóránt and László Andor explain what is a market economy in their opinion and what is not, and whether it is meaningful to add adjectives to the phrase, e.g. "socialist market economy".