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View Diary: The IMF: Incompetent, Ideological or Simply Lying? (85 comments)

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  •  They did this - cruelty then apologies - already (6+ / 0-)

    Go back to the 1980s and 1990s.

    The IMF and World Bank (i.e., the organizations run by their US and Western investor-interest 'experts') imposed cruelty upon Latin America, Africa, and Asia ("Austerity" for the first, "Structural Adjustment" for the latter two).

    They promised it's what the 3rd world needed to develop, and grow, and produce jobs, and blah blah blah.

    Then, once net hundreds of billions were extracted from the impoverished 3rd world to the investors served by the IMF & WB in the name of helping those irresponsible, doggone-it 3rd world poor states.

    Then, after disaster, and overthrows, and societal collapse (the Tim Geithner-assisted WB-imposed structural adjustment punishing Indonesia for being assaulted by foreign currency speculators, excuse me, helping them with austerity, ended up prompting the overthrow of US stooge & genocidalist Suharto) they deeply express regret, and new insight into more important factors of growth, blah blah blah.

    Continental South America, led by Venezuela, Argentina, and then nearly all the rest, said "FUCK YOU" at the end of the '90s and early 2000's and from then on, the IMF / WB advised subjugation and destruction of South American economies and populations ended.

    Gone.  Finis.  Hit the bricks.  Don't let the door hit you in the ass.

    So, fine.

    New territory:  Let's get those fresh dopes in the home nations (Western Europe) who didn't go through all this a generation ago.

    Maybe we're lucky and these nations will be able to not just wise up but somehow act upon that wisdom more rapidly than the earlier, poorer victims did.

    •  yep, said that in the piece ... this is (4+ / 0-)
      Recommended by:
      aliasalias, ozsea1, el cid, kyril

      the big lie that they are using to impoverish the vast majority on the planet; do not let them lie and say  that they have miscalculated, the whole purpose of these measures are exactly what we saw in Latin America and the  Caribbean, in Eastern and Central Europe, in Asia in the Tigers and Japan and now they are coming for the advanced the capitalist world ... and guess what, we need allies in the fight and it is not the MNCs, not the extra-governmental agencies like the IMF and WB and it is not our political leaders.

      "Hegel noticed somewhere that all great world history facts and people so to speak twice occur. He forgot to add: the one time as tragedy, the other time as farce" Karl Marx, The Eighteenth Brumaire of Louis Bonaparte .

      by NY brit expat on Sun Jan 06, 2013 at 06:32:34 PM PST

      [ Parent ]

    •  "Austerity", "Structural Adjustment", "reform"? (3+ / 0-)
      Recommended by:
      el cid, kyril, NY brit expat

      that's why they talk of reforming the entitlements

      the question is how do we stop the fuckers, the press passes on any lies they spout

      fact does not require fiction for balance (proudly a DFH)

      by mollyd on Sun Jan 06, 2013 at 08:11:56 PM PST

      [ Parent ]

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