The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks. Argentina’s problem is mostly to do with the neoliberal austerity…
The key take away from the BRICS summit in Johannesburg is that Brazil, Russia, India, China and South Africa – important Global South players – strongly condemn unilateralism and protectionism. The Johannesburg Declaration is unmistakable: “We recognize that the multilateral trading system is facing unprecedented challenges. We underscore the importance of an open world economy.”…
Latin America is in limbo as the US’ “Operation Condor 2.0” has more or less succeeded in reducing multipolarity in the region, though the upcoming Mexican and Brazilian presidential elections might herald a paradigm shift if leftists win the highest office in both Great Powers. The US has systematically dismantled multipolarity in the Western Hemisphere…
In the early months of the Trump administration, high-profile White House visits from foreign leaders from Europe, Asia, and the Middle East garnered headlines about the changing role of the United States in the world. In the context of political and economic upheaval around the globe, observers worry that, under Trump, the United States is…
Britain’s supposedly close ally, Israel, armed Argentina as the South American nation was bombing Royal Navy ships and killing UK troops in the vicious 1982 war to reclaim the Falkland Islands, secret files indicate. The supply of arms and military equipment may have been fuelled by an old hatred of the British harbored by then…
