International Monetary Fund (IMF)

Carbon imperialism devastating Africa

For five centuries, Africa has suffered at the hands of the West. Starting with the slave trade, through the colonial era, to today鈥檚 neoliberal global economy, the development of industrial capitalism in the West has come at a terrible price paid by Africans. Food riots in Mozambique early this month and looming mass starvation in Niger after floods that were preceded by years of drought both reflect the ongoing economic exploitation. However, they also reflect another creation of the industrialised West adversely affecting Africa: climate change.

Greece: 鈥榃e won't pay for their crisis鈥

The proposed 鈥渂ail-out鈥 of the Greek economy by the International Monetary Fund (IMF) and European Union (EU) has set off a huge struggle with worldwide implications. On May 5, as Greek parliament debated the IMF-EU package, half a million people took over the streets of Athens as part of a nation-wide general strike. It was Greece鈥檚 largest demonstration in 30 years.