Keyword: IMF

Globalisation and the Metaphysics of Control in the Free Market World

The Pinky Show expounds on the transition from colonialism to globalisation and the role of the free market in this evolution. Both bring about the same results, using different methods. While colonialism was about control through force, globalisation has found an easier way to create an underclass that is easily exploited by redefining relationships and influencing how people think. Bolstering the veneer of progress and civilization - media, technology, the law and education are used to...

The IMF Rules the World: Will the Debtors Fight Back?

Picture: Agent Rouge Michael Hudson - Not much substantive news was expected to come out of the G-20 meetings that ended on April 2 in London – certainly no good news was even suggested. Europe, China and the United States had too deeply distinct interests. American diplomats wanted to lock foreign countries into further dependency on paper dollars. The rest of the world sought a way to avoid giving up real output and ownership of their resources and enterprises for yet more hot-potato dollars. In such cases one expects a...

Ha-Joon Chang: The Myth of Free Trade and the Secret History of Capitalism

Picture: Fazila Farouk Democracy Now - The worldwide financial crisis is forcing some to rethink the neoliberal policies widely blamed for the financial collapse. Democracy Now's Amy Goodman speaks with University of Cambridge economist Ha-Joon Chang. He is an economist specializing in developmental economics. In 2005, he was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought. Chang is also author of the books "Kicking Away the Ladder: Development Strategy in Historical Perspective" and, his...

The Role of Corporations and International Financial Institutions in the Congo Conflict

Maurice Carney of Friends of the Congo contends that corporate interests drive all decision-making in Congo. Quoting from research conducted by the International Rescue Committee and NGO Global Witness, Carney names American and Canadian companies involved in the plunder of Congo. The IMF and World Bank are also implicated in reports that reveal how their conditional loans further exacerbate the conflict and the suffering of the Congolese people. Nita Evele of Congo Global Action sheds light...

John Pilger on the World Bank and the IMF

This clip is from John Pilger's documentary 'The New Rulers of The World'. It is argued that debt is being used as an instrument by the World Bank and the International Monetary Fund to get their policies implemented in the poorest countries of the world, opening up the way for the natural resources of the South to be plundered by corporations from the North.

Who Pays for the Global Credit Crunch?

Picture: www.bmivault.org Andrew Rens - Time to Take Another Look at Jospeh Stiglitz’s ‘Globalisation and its Discontents’ How does the International Monetary Fund (IMF) respond to liquidity crises? How does this affect people in developing countries? Joseph Stiglitz wrote Globalisation and its Discontents in 2002 to address these questions, questions that are more urgent than ever today, in the current global liquidity crises. Appropriate responses to these crises is a central theme of the book, which makes it...