Thousands marched on the streets of the Argentine capitol to protest against a loan repayment deal with the IMF, fearing the economic fallout on their lives. They say the record $57 billion loan should be ignored.
We’ve all seen those “heartwarming” stories about kids with cancer selling lemonade to pay for their chemo, or janitors being gifted a car because they’ve walked ten miles to work every day for twenty years, or all the other sugar-coated dystopian failures of our capitalist system. In this episode, we’re going to talk about that.Continue reading “How Feel Good Stories Let A Broken System Off The Hook – Second Thought”
The United States could have, if it wanted, quite easily avoided entering World War One. Yet, in April of 1917 it did, joining the Entente and helping with their victory of the Central Powers. But why did the US get involved? To find out watch this short and simple animated history documentary.
As companies extract wealth, villagers say they see little benefit and are instead exploited in quarries, live in homes damaged by blasts and are unable to farm polluted land A convoy of trucks laden with huge black granite rocks trundles along the dusty pathway as a group of villagers look on grimly. Every day moreContinue reading “‘They want to remove us and take the rock’, say Zimbabweans living near Chinese-owned mines”
The fate of one of China’s largest real estate developers is in limbo after a major credit rating firm says Evergrande defaulted on major bond debts. CBS News contributor and the founder of Strategy Risks Isaac Stone Fish, break downs Evergrande’s situation and explains how the company got there.
A creeping barrage of U.S. sanctions on top Central American officials has made China an attractive partner for governments resisting Washington’s push to tackle corruption and democratic backsliding in the region, officials and analysts say. The trend was thrust into focus this week when Nicaragua re-established ties with Beijing, severing a longstanding relationship with U.S. allyContinue reading “After Nicaragua flips, U.S. sanctions seen pushing Central America towards China”
Uganda has lost its only international airport to China after it failed to repay its loan. Uganda is the latest African country to fall into China’s debt trap and had to give up national assets to China.
In which John Green teaches you about the economic malaise that beset the United States in the 1970s. A sort of perfect storm of events, it combined the continuing decline of America’s manufacturing base and the oil shocks of 1973 and 1979, and brought about an stagnant economy, paired with high inflation. Economists with aContinue reading “Ford, Carter, and the Economic Malaise: Crash Course US History #42”