Tag: capital flight
Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the…
How Kleptocracy Impoverishes Angola, Côte d’Ivoire, and South Africa
Léonce Ndikumana discusses his newest research on capital flight from Angola, Côte d’Ivoire and South Africa between 1975 and 2015. 290 Billion dollars were funneled out of these countries over this period through misinvoicing and…
The Origins of Venezuela’s Economic Crisis
Venezuela has become a popular argument against socialism amongst conservatives because of the deep economic crisis it is currently traversing. Defenders of the Bolivarian project, though, say that US sanctions and economic war are to…
How to Save the World from Financialization
Labour Party advisor and author Grace Blakeley discusses her just released book, Stolen: How to Save the world from Financialization Subscribe to our page and support our work at https://therealnews.com/donate. ** (Disclaimer: This video content…
