Tag: Global economy
Vijay Prashad on the War in Ukraine & the West’s “Open, Rank Hypocrisy” in Condemning War Crimes
As the Russian invasion in Ukraine enters its 50th day, we look at the war’s impact around the world with Vijay Prashad, author and director of the Tricontinental: Institute for Social Research. “When food prices go up, the political crisis is almost immediate,” says Prashad, who calls the U.S. pressure on Global South countries to cut off essential imports from Russia after a 30-year globalization campaign a double standard. …
Ruble rebounds and US regime change denials
According to the laws of aerodynamics, the bumblebee cannot fly. Its wings are too flimsy, its body too heavy. But fly it does. According to the laws of Russia’s enemies, sanctions on an unprecedented scale were to wreck the ruble and crash the Russian economy, but the opposite has happened. The ruble has recovered its early losses, and it is the European and North American economies which are looking distinctly rocky. …
