Close the IMF, abolish debt and end development: a class analysis of the international debt crisis - Harry Cleaver

The political targets of this article are reformist understandings of international debt and development. Opposing theories which 'blame the victim', Cleaver construes international debt as 'a weapon against the working class', and the debt crisis as 'a product of working class power' . Repudiation of debt is accordingly the necessary Marxist political response .

Written in 1988 (?)

Files

Cleaver - Close the IMF, Abolish Debt and End Development - A Class Analysis of the International D.pdf (1.97 MB)

Comments

Revolutions in reverse: Essays on politics, violence, art, and imagination - David Graeber

Capitalism as we know it appears to be coming apart.

Money and Crisis: Marx as Correspondent of the New York Daily Tribune, 1856-57 - Sergio Bologna

Sergio Bologna on Marx's writings on capitalism and crisis in the world recession…

Paltry Returns on Capital and an Enormous Debt Pile Are Bringing the World Economy to its Knees

The following piece is a slightly condensed translation of the Italian original,…

Transnational classes and international relations - Kees van der Pijl

This book focuses on an historical perspective on class formation under capitalism and its…

The failure of capitalist production: underlying causes of the great recession - Andrew Kliman

Andrew Kliman's book on the great recession following the financial crisis of 2008.

MMT: A Bankrupt Theory for a Bankrupt Capitalism

Review: The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy by Stephanie Kelton (published by John Murray, 2020).