After decades of debt traps being sprung on some of the poorest people in the Majority World through no fault of their own, debt now riddles and corrodes the entire world’s financial system. To what purpose other than concentrating the wealth of a small élite and striking at the heart of social cohesion? Why are our politicians so keen to force-feed us austerity while paying lip service to the overarching problem of inequality? And if we’re all waiting for growth to rescue us, who will give a damn about sustainability?
July 2013, Issue 464