John Smith is author of the prize-winning 2016 book Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis, whose core arguments are summarised here.
A supernova looms: world debt reaches critical mass
Aggressive interest rate hikes portend a global recession. The question is, how bad will it be?
The greatest debt crisis in history is upon us
The debt burden crushing poor countries will not be alleviated until creditors in rich countries are made to give up...
Why coronavirus could spark a capitalist supernova
There is no magic money tree – the ‘rescue packages’ aim to rescue a rotten system, and won’t work.
Published in: ourEconomyImperialism in a coffee cup
Why is it that just 1p of a £2.50 cup of coffee goes to the farmer who cultivated and harvested the coffee beans?