11 questions / 11 answers about the new global debt crisis and how it can be radically reduced
First Part (1/5): debt as an instrument of domination 29 December 2020 by
Introduction: The current crisis is the most severe since 1929. It is a multi-dimensional crisis of capitalism as it affects simultaneously democracy, health, the economy, climate, environment and social rights.
The current health crisis already has and will have dramatic socio-economic consequences as well as a huge impact on public debt and finance, both in the North and in the South. The present study will focus on public debt. But we should keep two important facts in mind.