The IMT in 2022: “the fire that bends the iron, tempers the steel”

The year 2022 has been a year in which much of the inflammable material in world politics – accumulating and smouldering over decades – has burst into flames. War, hunger, mass displacement and spiralling prices torment humanity. Meanwhile, we have seen industrial unrest, revolutions, and accompanying them, coups, counter-revolutions and repression. But to recall a […]

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Raising interest rates: a recipe for world recession

The past few months have seen central banks scrambling to raise interest rates to control inflation. Yesterday, the Federal Reserve introduced another 0.75 percentage point hike, and the Bank of England will follow suit today. This spate of rate hikes caused mortgage rates to multiply, government borrowing rates to spiral, and now a recession looms. […]

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South Africa: a ticking time bomb

On Wednesday, thousands of workers of the labour federations SAFTU and Cosatu took to the streets across South Africa to protest against the massive cost of living crisis, which has hit the working class and poor people especially hard.

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