The cost of living crisis

A note from the editor

Nick Dowson

Sharing the treasure

A recent headline about an Italian design studio’s plans for a gigantic superyacht caught my eye. Shaped like a turtle and the size of a small city, it would be the largest floating structure ever built, with a cool $8 billion price tag.

Maybe more pipedream than billionaire bunker, but there is a crowd-funder running where you can buy non-fungible tokens (NFTs) giving you virtual ‘unreal estate’ aboard (please don’t!).

Perhaps that is a logical outgrowth of a world where markets have gone mad. Back in reality, the cost of living crisis is biting almost everywhere. But did that stop the Monaco Yacht Show, the annual conclave of luxury tubs? Of course not. Carpe diem is the mood of the moment among prospective floaters (what else to call owners of superyachts?), an organizer told CNN. And there was me thinking seizing the day meant a beer too many on a Friday night, or not putting off tackling that pile of dirty dishes.

In this edition we dive into the damage wage-busting inflation is doing around the world, fish out its causes and, since the rich aren’t throwing us a life rope, swim in search of our own solutions.

The jarring co-existence of extreme riches and severe deprivation is not incidental but central to this unfolding tragedy. So – to stretch the analogy a bit further – let’s climb the rigging together, scan the horizons and set sail for more equal shores.

Elsewhere, we have Sophie Neiman reporting on the trial of a former child soldier in the notorious Lord’s Resistance Army, Husna Ara imagining a decolonized mental health service and Danny Chivers on some of 2022’s climate wins.

Nick Dowson for the New Internationalist co-operative.
www.newint.org

The big story

Protestors in Panama City in July 2022 demand the government puts a ceiling on the price of fuel, food and medicines. Photo: Erick Marciscano/Reuters/Alamy

Protestors in Panama City in July 2022 demand the government puts a ceiling on the price of fuel, food and medicines.

Photo: Erick Marciscano/Reuters/Alamy

Whodunnit?

As the cost of living crisis becomes entrenched, Nick Dowson examines the scene of the crime, tracks down the culprits and proposes a route to resolution.

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The Big Story

Action & info

Action & info

Initiatives, action, and further reading on the cost of living.

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Cost of living - The Facts

Cost of living - The Facts

Inflation, poverty and hunger, debt, profit and inequality.

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A woman shouts slogan against the Bolivian government during a demonstration against increases to water rates in Cochabamba, April 2000.Photo: David Mercado/Reuters

De-privatizing the rain

How Bolivians beat a corporate water grab.

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Women sift stones for building material at the abandoned slagheap of the Chinese-owned Luanshya Copper Mine, in Kitwe, Zambia.Photo: Joerg Boethling/Alamy

Structural adjustment 2.0

As the International Monetary Fund keeps pushing austerity, Zambian journalist Zanji Valerie Sinkala explores whether that’s really a solution to her country’s economic woes.

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Illustration: Simon Kneebone

Wealth safari

Boom time for billionaires and the super-rich, by Vanessa Baird.

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On borrowed rice

On borrowed rice

Price hikes are leaving many in Sierra Leone unable to even afford food. Alessio Perrone reports.

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A farmer stands by signs, with photos of Indian Prime Minister Narendra Modi and others pasted onto the bodies of a variety of creatures, during protests in January 2021.Photo: Im_Rohitbhakar/Shutterstock

The farmers rise

The mass protests of 2020-21 in India showed the world what solidarity in action can look like.

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Activists from the Platform for People Affected by Mortgages (PAH) hold up signs – ‘500,000 foreclosures’, ‘Organized Citizens’ – at a protest in Barcelona, May 2014.Photo: Matthias Oesterle/Alamy

Debtors unite

Spain’s human shields against evictions, by Luke Stobart.

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Fifteen-year-old Wakeel, displaced by the floods in Pakistan, prepares a makeshift shelter at a camp in Sehwan, 30 September 2022.Photo: Akhtar Soomro/REUTERS/Alamy

Pushing against the perfect storm

Climate disasters and fossil fuel dependency are ramping up the cost of living crisis. Marianne Brooker looks at the solutions that are there for the making.

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16 million and counting - the collateral damage of capital

Over the past 50 years, powerful states and corporations have imposed neoliberal policies around the world, delivering a potent cocktail of privatization, deregulation and cuts to public services. Millions have died from inadequate access to basic nutrition. There is another way, write Dylan Sullivan and Jason Hickel.

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Former dictators Hugo Banzer Suarez of Bolivia and Augusto Pinochet of Chile raise a salute on 8 February in the border town of Charaña. In 1971 Suarez came to power via a coup that overthrew president Juan José Torres who was later killed as part of Operation Condor.Photo: Reuters/Lucio Flores

The usual suspects

Those seeking justice for the survivors and victims of Bolivia’s dictatorships are still being stonewalled. Thomas Graham reports.

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Thomas Kwoyelo is escorted by Ugandan army officers upon arrival at Entebbe air force base on 4 March 2009.Photo: James Akena/Reuters/Alamy

The long wait of Thomas Kwoyelo

A former child soldier in the ferocious Lord’s Resistance Army has been on trial for war crimes in Uganda for 13 years. Meanwhile thousands of other fighters have been welcomed home under amnesty legislation. Sophie Neiman visits Gulu to find out how this contentious case is failing the LRA’s victims.

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Opinion

View from Brazil

View from Brazil

The threats and promises game by Leonardo Sakamoto.

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View from Africa

View from Africa

Out of the shadows by Rosebell Kagumire.

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View from India

View from India

Hijab – how far can the state dictate a woman’s choice? By Nilanjana Bhowmick.

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Currents

Pipe down

Pipe down

Report on Mexico by Martha Busby.

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Deadly wave

Deadly wave

Report on Palestine by Amy Hall.

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Candomblé members dance and sing at a religious festival in Saubara, Brazil, 12 June 2020.Photo: Thales Antônio/Alamy

A new era?

Report on Brazil by Raphael Tsavkko Garcia.

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Huber Ballesteros was arrested in 2013 as he prepared to leave Colombia for Britain, where he was due to be a guest of campaign group Justice for Colombia at the Trades Union Congress. After his release in 2017, he returned to the conference as a guest of honour, and is pictured with then-TUC president Mary Bousted.Photo: Andrew Wiard

Petro state

Report on Colombia by Conrad Landin.

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Survivors, not victims

Survivors, not victims

Report on India by Shoaib Mir and Parthu Venkatesh.

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Illustration: Emma Peer

Reasons to be cheerful

Hooting Star; No Pressure; Just Desserts.

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Regulars

Letters

Letters

Praise, blame and all points in between? Give us your feedback.

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Illustration: Sarah John

A new beginning

Stephanie Boyd opens her series from Peru in a remote Amazonian village, where a little human miracle arrives

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Borderlines

Borderlines

Stuck in limbo, by Amy Hall.

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Illustration: Emma Peer

Seriously?

In too deep, by Husna Ara.

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The placard reads ‘Less nonsense and more paediatrics’.Photo: Colorsandía/Alamy

Sign of the Times

Protest in support of the doctors’ strike in Madrid, Spain.

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Illustration: Tjeerd Royaards

Open Window

‘Climate goals’ by Tjeerd Royaards (Netherlands).

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Clockwise from top left: four elderly women at work in the fields of South Korea’s countryside; automotive workers protest in Seoul in 2018 over General Motors’ decision to close a factory in Gunsan; a US marine instructs a South Korean soldier on the proper way to throw a grenade; a boy purchases fried seafood at Myeongdong open street market in Seoul.Photos: Erlo Brown/Shutterstock; BJ Warnick/Newscom/Alamy; Stocktrek/Alamy; Roman Babakin/Shutterstock

Country Profile: South Korea

The photos, facts, and politics of South Korea.

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Cartoon History: Pepsi Number Fever

Cartoon History: Pepsi Number Fever

Jack Dunleavy and Lawrence Dodgson tell the story of the soda giant’s botched campaign in the Philippines.

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Is it morally right to send weapons into a conflict?

Is it morally right to send weapons into a conflict?

Symon Hill and Archie Woodrow get to grips with a thorny and salient question.

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Photo: Ayesha Vellani/Majority World

Southern Exposure: Ayesha Vellani

Highlighting the work of artists and photographers from the Majority World.

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Artists and activists from BP or not BP? disrupt the BP Portrait Award in London, England, on 10 June 2019.Photo: Mark Kerrison/Alamy

Temperature Check

5 good news climate stories from 2022 by Danny Chivers.

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Illustration: Marc Roberts

Only Planet

Online security by Marc Roberts.

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The Interview: Muhanned Qafesha

The Interview: Muhanned Qafesha

Frances Leach speaks to human rights activist Muhanned Qafesha about the life-and-death battle to defend his people’s land from illegal demolitions and settlements in Hebron, Palestine.

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Illustration: Kate Evans

Thoughts from a Broad

Spirit. Illustration by Kate Evans.

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Illustration: P J Polyp

Big Bad World

Desertification by P J Polyp.

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The Puzzler

The Puzzler

Crossword Puzzle, Association Words and Wordsearch.

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Agony Uncle

Agony Uncle

Ethical and political dilemmas abound these days. This month: Local vs Fair Trade coffee.

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Illustration: Andy Carter

What if...

We decolonized mental health services? Husna Ara rethinks our collective response to distress.

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Film, Book & Music Reviews

Mixed Media: Books

Mixed Media: Books

20 Riot Cops to Nick 2 Chickens; Ten Planets; Miss Major Speaks; White Torture: Interviews with Iranian Women Prisoners.

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Mixed Media: Film

Mixed Media: Film

All the Beauty and the Bloodshed; The Feeling.

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Spotlight: Kishon Khan

Spotlight: Kishon Khan

Bangladesh-born musician. Words by Subi Shah.

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