New Internationalist

Debt – a global scam

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

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Other ways to explore New Internationalist: Sample our past issuesBrowse by themeBuy this issue
Debt – a global scam
The actions of creditors are key to debt crises, argues Dinyar Godrej.
Let us prey
The vulture funds that feast on countries in trouble.
It’s Europe’s turn
The scourge that hobbled development in the Majority World now infects Europe. By Susan George.
All together now!
North and South must unite, says campaign Nick Dearden, now that the debt landscape has widened.
Rise up!
Action and Resources
In the valley of conflict
Sofi Lundin on the seldom-reported plight of the Pandit minority in Kashmir
Argument: Are exams bad for children?
Teachers Stephanie Schneider and Matt Christison go head-to-head. PLUS: Open Window with Menekse Cam from Turkey.
Mark Engler
Obama’s ‘free trade’ voyages are another big mistake.
Chris Coltrane
Forget One Direction – we need a new direction.
PLUS: Polyp’s Big Bad World cartoon
Guilt-free cellphone
Introducing Nicolás Maduro
Condom wars in Kenya
Sexism’s a drag in Iran
My hot chilli peppers
Reasons to be cheerful
PLUS: Scratchy Lines by Simon Kneebone
Film: Hot Docs special
Documentary film is taking its rightful place on commercial screens. Richard Swift views some of this year’s entrants at the Toronto Hotdocs festival.
Music reviews
Driot dans la Gueule du Loup by Melissmell; and Stand Up, People: Gypsy Pop Songs from Tito’s Yugoslavia by Various Artists.
Book reviews
Meet Me in Gaza by Louisa B Waugh; A Village Awaits Doomsday by Jaideep Hardikar; Johnson’s Dictionary by David Dabydeen; and The Devil’s Workshop by Jachym Topol.
Letter from Botswana
Wame Molefhe finds hope in the country’s traditional community meetings.
Making Waves
Rin Simpson meets eco-village pioneer Paul Wimbush.
Southern Exposure
Aleppo before devastation by Carole Al Farah.
Country Profile: Equatorial Guinea
Extreme beauty, extreme wealth and growing inequality.
And Finally...
Uruguayan author Eduardo Galeano on dreams, justice, football – and his first teacher’s legs.
PLUS: Marc Roberts’ Only Planet cartoon