The World Economy Faces Perfect Storm
This week the interest rate on 10-year US government bonds hit 5.3 per cent, and borrowing costs in Britain, France, Germany and Japan are at levels not seen in decades. For ordinary people, that means higher costs at the petrol station, on their energy bills, in their rent and mortgage payments, and public services being cut to balance the books.In this episode of Against the Stream, Victor Murray is joined by Niklas Albin Svensson of the International Secretariat of the Revolutionary Communist International to explain what is happening to the world economy, and what it means for the class…
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