The New York Legislature Could Help Free the Global South From Crushing Debt
An escalating sovereign debt crisis is crippling governments across the Global South and making billions for Wall Street. Activists hope to crack down on these debt vultures by pushing the New York State Legislature to ban their most predatory tactics.
Sri Lankans protest on April 12, 2022, after the country defaulted on its $51 billion foreign debt amid a deep economic crisis. (Ishara S. Kodikara / AFP via Getty Images)
As world leaders meet in Morocco this week to discuss the growing global debt crisis, lawmakers in New York will soon consider the most globally important state legislation youve never heard…
Read the full article at: https://jacobin.com/2023/10/new-york-state-legislature-debt-crisis-wall-street-global-south