Neoliberalism

Europe on the Edge of the Abyss

The economic crisis began in the United States under the administration of then-President George W. Bush, following the collapse of the Lehman Brothers Bank. It came as a result of unregulated globalisation and a neoliberal ideology that places usurious markets, offshore bank accounts, and money for the sake of money, above state power. It is an ideology that ignores citizens, even as they starve.

Arménio Carlos: "Hunger is back in Portugal". Credit: Mario Quiroz/IPS

Q&A: “Neoliberalism Negates Human Rights”

Thousands of people marched through the streets of cities across Portugal "against exploitation and impoverishment" caused by the government's austerity cuts, in a protest organised by the General Confederation of Portuguese Workers (CGTP), the country's largest trade union.