Dr. Abderrahmane Mebtoul. DR.
Mohsen Abdelmoumen: What is today the equilibrium threshold, the price of a barrel that allows Algeria to not draw from its foreign currency reserves, but to reconstitute them?
Dr. Abderrahmane Mebtoul: Foreign exchange reserves come mainly from hydrocarbons exports (98% with derivatives) whose average price per barrel of Algerian oil went from $ 112 in June 2014 to $ 45 average annual 2016 to $ 53.97 in 2017. They evolved as follows: $ 162.2 billion in 2010, 182 in 2011, 190 in 2012, 194 in 2013, 180 in 2014, 144 in 2015, 114 in 2016, and $ 96 billion (excluding SDRs) at the end of 2017 and excluding gold reserves, Algeria owning 173 tons of a worth, at the current price, of about 7 billion dollars and, according to the IMF in its report of July 20, 2018, which is likely to end at $ 12-13 billion at the end of 2022 with a very strong economic recession. Lire la suite »
Henry Giroux. DR.
Mohsen Abdelmoumen: The concept of « disposability » frequently returns in your writing, whether speaking of youth, politics, the future, etc. Why do you insist on this theme?
Henry Giroux: Global capitalism has taken on a range of characteristics that demand a new language for understanding such shifts along with the effects these economic, political, and pedagogical registers are having in different degrees upon those that bear the weight of its oppressive forces. Not only have we seen a separation of power, which is global, from politics, which is local, but we have seen a full-fledged attack on the social state, the rise of the punishing state, and the emergence of what might be called an authoritarian culture of cruelty. Under such circumstances, I have tried to capture the current savagery of various regimes of neoliberal capitalism by developing a paradigm that focused on the intensification of what I have called the politics of disposability. Lire la suite »