Capital Flight

Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

July 23, 2018

The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the rest of the population, says the economist Michael Hudson

Capital Flight From Africa: How the Poor Finance the Rich

March 1, 2018

A new World Bank report comparing economic growth among different regions in the world ignores key factors in addressing wealth and inequality in Africa–particularly the wealth that is stashed offshore in developed countries, says economist and author Leonce Ndikumana

Remembering Mandela

December 5, 2013
Patrick Bond: Mandela deserves great credit for ending racial apartheid in South Africa, but his legacy includes the continuation of mass poverty

Africa's Odious Debt

November 25, 2012
Léonce Ndikumana: $619 billion of embezzled capital flight from North Africa with connivance of big banks according to new research