To avoid the ecological and social collapse we are facing, profound reforms of this global economic system are needed, starting with a decarbonization of our society. This requires political will and leadership.
The magnetism of populists is based on a profound delusion, as they build support from the poorest sectors when their leaders are extreme neoliberals who have no interest in improving the situation of these sectors.
In Latin America, central banks, including those of countries with progressive governments, accept the monetarist argument that generates additional difficulties for growth and for implementing economic policies that reduce inequality and promote development.
In three years, the combined wealth of the five richest men in the world has more than doubled. This means that these five people now accumulate wealth similar to that produced, for example, by Colombia, Argentina, and Uruguay combined over the whole of 2021.