Rising inflation doesn’t affect everyone equally. The way this current bout of inflation is playing out isn’t a law of nature but a result of political decisions to protect investors while hanging workers out to dry.
Benjamin Lemoine is a researcher at the CNRS and the Centre Maurice Halbwachs.
The G20’s plans to postpone 76 emerging countries’ debt repayments are a band-aid on fundamental injustices in the global economy. Rebuilding the Global South after the pandemic will require a complete upending of the international order — and the defending states’ sovereignty rather than financial markets’.