Debt – REVOLUTION

Evergrande Crisis: Capitalism with Chinese characteristics

China is discovering that under capitalism, what goes up must come down. The impending collapse of property developer Evergrande, as it struggles with more than $300bn debts, is reminiscent of the subprime mortgage crisis. The Chinese government is facing the same dilemmas as the US over a decade ago, as it stares into the abyss of capitalist crisis.

2020 Was a Great Year for Millionaires

A revealing new Credit Suisse report has exposed how in 2020 the ‘millionaire club’ grew dramatically, despite capitalism being on life support, as wealth inequality rose massively. The USA saw the creation of 1.73 million new millionaires; Germany, 633,000, and Australia over 300,000.

Portugal: The Days of Social Peace Are Over

The apparent social peace in Portugal in recent years – without major uprisings or noteworthy social turmoil – hides a much more complex and bitter reality beneath its fragile surface.

One Year after the Election: Boris’ Government of Crisis

One year ago, on 12 December, the Tory Party won a shock landslide victory in the 2019 general election. Promising to ‘Get Brexit Done’, Boris Johnson and the Tories secured 43.6% of the vote, providing them with an 80 seat majority in Parliament.