In modern capitalism, governments routinely borrow money. They do this to finance budget deficits that occur when governments raise less in taxes than they spend.
Tag: Debt
“Debt Against the People”: Analysis and History of the Global Debt Crisis
Introduction Over the last ten years Greece has been a prime example of how a country and a people can be deprived of their liberty
Vulture Capitalism Is Jewish Capitalism
“If man will strike, strike through the mask!”Ahab, Moby Dick It was very gratifying to see Tucker Carlson’s recent attack on the activities of Paul
India Set to Grow Old Before Getting Rich, Miss Out on Superpower Status
The year is 2007. The monsoon had just arrived in Mumbai and it was pouring cats and dogs. The windows of the Premier Padmini kaali-peeli
Today France, Tomorrow the USA?
As that rail and subway strike continued to paralyze travel in Paris and across France into the third week, President Emmanuel Macron made a Christmas
Global Debt Tops $188,000,000,000,000 – Officially The Biggest Debt Bubble The World Has Ever Seen
The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year. It is a form of enslavement that
Debt Trap? China’s Belt and Road Is More Like a Giant Giveaway for the 3rd World
Critics often claim that China is using its massive Belt and Road Initiative (BRI) as a form of coercive “debt-trap diplomacy” to exert control over
China Breaks the Western Debt Stranglehold on the World
The west has colonized, exploited, ravaged and assassinated the people of the Global South for hundreds of years. Up to the mid-20th Century Europe has
