Austerity

Austerity is unnecessary because evidence indicates that European governments could easily increase spending without hitting any constraints.

Many who voted to leave the EU did not do so for xenophobic reasons, but the Brexit campaign was nevertheless fought on racist grounds.

Legislation that would allow the government of Puerto Rico to restructure its debt cleared the final major hurdle before a critical deadline.

Former chairman of Finland's Independence Party Antti Pesonen discusses the growing movement in favor of a eurozone exit for Finland.

Noam Chomsky lays bare the reasons why Obama's election did not lead to any significant reforms in foreign or economy policy.

Brazil's new right-wing government plans to balance the budget by imposing austerity measures on the nation's poor people.

Dimitris Kazakis says Greece should depart from the eurozone and European Union, and unilaterally write off its debt.

Members of Congress are trying to lower Puerto Rico's minimum wage — and say they're "stabilizing" the island's economy.

The US may soon oversee the finances of the entire government of Puerto Rico, marking a new era in Caribbean colonialism.

Paul Craig Roberts, a former undersecretary of the US Treasury, discusses how indebted countries are forced to accept austerity.