Since we don’t live in an ideal world, foreign aid must suffice as compensation for the UK’s larceny overseas. Yet even these meagre reimbursements have been cut to the bone
global south
So far, a mere ten countries account for an astonishing 75 percent of global vaccinations. 130 countries have received not yet received a single dose. “Vaccine equality,” the UN observes, “is the biggest moral test before the global community”.
Source Direct: Covid’s Global Scars
As the world economy contracts, global debt surges. The IMF have said it will increase by 13 per cent to reach 96.4 per cent of GDP this year. Global debts are the highest they have been since WWII, at a staggering $250 trillion. That debt takes many different forms: some of it, like UK Government […]
Time for a global debt revolt?
“When the wellbeing of your country is at the whim of rich governments and financiers, you often don’t have a back-up plan. You try and get on with things the best you can. By cancelling this year’s debt in order to give these countries a fighting chance, it will be a step forward in taking on the unsustainable debt crisis worldwide.”