Category: IMF/WTO

avatar
Mark Weisbrot: IMF’s Rhetoric Still Far from Its Policies

As the International Monetary Fund (IMF) and World Bank gathered in Washington for their annual Spring Meetings, there was more talk about how much the IMF has changed. IMF Managing Director Dominique Strauss-Kahn quoted John Maynard Keynes in his speech on Wednesday at the Brookings Institution: The outstanding faults of the economic society in which we live Read more…

avatar
Vandana Shiva: Vandana Shiva – Earth Democracy at PCC

Vandana Shiva, author of "Earth Democracy: Justice, Sustainablity and Peace" and "Soil Not Oil: Climate Change, Peak Oil and Food Insecurity", talks about Earth Democracy at Portland community College.

avatar
Immanuel Wallerstein: “Shall We Discuss Poverty?”

For the fifteen to twenty years that the Washington Consensus dominated the discourse in the world-system (circa 1975-1995), poverty was a taboo word, even as it was increasing by leaps and bounds. We were all told that the only thing that mattered was economic growth, and that the only road to economic growth was to Read more…

avatar
John Cronan Jr: Bailing Out Ireland: Who Will Win the Class War?

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” –Warren Buffet   Almost four years to the day after billionaire Warren Buffet candidly spoke those words, a bailout package was agreed upon by the European Union and IMF to give to Ireland[i][i], at the tune of Read more…

avatar
Mark Weisbrot: The Majority of the World’s Countries Can Change the IMF

As finance ministers, bankers, and other interested parties from around the world flock to Washington for the semi-annual IMF-World Bank meetings, the Fund is experiencing its most serious infighting in decades. The fight is over how to give a bit more voice to governments representing the majority of the world's people. Ironically, the quarrel is Read more…

avatar
Walden Bello: Greece – Same Tragedy, Different Scripts

Cafes are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger, and despair as this country is plunged into its worst economic crisis in decades.   Greece, tiny Greece, has been presented by the global media as Read more…

avatar
Patrick Bond: Is Africa Still Being Looted? A Debate Dodging World Bank Schizophrenia

The continent’s own elites, together with the West and now China are still making Africans progressively poorer, thanks to the extraction of raw materials. Reinvestment is negligible and the prices, royalties and taxes paid are inadequate to compensate the wasting away of Africa’s natural wealth. Anti-extraction campaigns by (un)civil society are the only hope for Read more…

avatar
Mark Weisbrot: Hungary’s Defiance of IMF and European Authorities Scares the Guardians of Austerity in Europe

The government of Hungary has taken on a lot of powerful interests in the last couple of months, and so far appears to be winning – despite provoking outrage from "everybody who’s anybody."   "The IMF should hold the line," shouted the Financial Times in an editorial the day after Hungary sent the IMF packing Read more…

avatar
Jayati Ghosh: Still Clinging to Austerity After All These Years

The more things change, the more they really do stay the same. For a while after the global crisis, we were told that the IMF had changed its position with respect to the strict and generally pro-cyclical measures it had been suggesting to countries in the throes of financial or balance of payments crisis. Their Read more…

avatar
Dean Baker: The Attack of the Real Black Helicopter Gang: The IMF Is Coming for Your Social Security

A few years back there was a fear in some parts about black UN helicopters that were supposedly taking part in the planning of an invasion of the United States. While there was no foundation for this fear, there is basis for concern about the attack of another international organization, the International Monetary Fund (IMF). Read more…

Skip to toolbar