Benjamin Lemoine is a sociologist at the École Normale Supérieure.
The European Union has reimposed tight limits on states’ budget deficits — but with exemptions for military spending. After years of claims that austerity was over, we’re now seeing it used selectively to put limits on democratic choice.
Rising inflation doesn’t affect everyone equally. The way this current bout of inflation is playing out isn’t a law of nature but a result of political decisions to protect investors while hanging workers out to dry.
The G20’s plans to postpone 76 emerging countries’ debt repayments are a band-aid on fundamental injustices in the global economy. Rebuilding the Global South after the pandemic will require a complete upending of the international order — and the defending states’ sovereignty rather than financial markets’.