The conditions of nearly 90 percent of the International Monetary Fund’s pandemic-related loans are forcing developing nations suffering some of the world’s worst humanitarian crises to implement austerity measures that fuel further impoverishment and inequality, an analysis published this week by Oxfam International revealed.Consortium News
Oxfam found that “13 out of the 15 IMF loan programs negotiated during the second year of the pandemic require new austerity measures such as taxes on food and fuel or spending cuts that could put vital public services at risk.”
This stands in stark contrast with IMF Managing Director Kristalina Georgieva’s admonition to the European Union last year that the wealthy bloc should not endanger its economic recovery with “the suffocating force of austerity.”
“This epitomizes the IMF’s double standard,” Oxfam International Senior Policy Advisor Nabil Abdo said in a statement. “It is warning rich countries against austerity while forcing poorer ones into it.”...
IMF Loans Forcing Austerity on Crisis-Ravaged Nations
Brett Wilkins, Common Dreams
https://consortiumnews.com/2022/04/21/imf-loans-forcing-austerity-on-crisis-ravaged-nations/
9 comments:
If Mike is right will also have to contend with a stronger $.
Sri Lanka is just the beginning.
The psychopaths don't care. They don't even care about their own citizens never mind the black poor a million miles away.
Peter Commission and Peterson report laid it out 50 years ago. What the strategic objectives are.
Stop the left in its tracks even it means killing hundreds of millions.
"What I find weird, however, is the reluctance to accept that the system itself might be on the brink. The standard counter-narrative seems to be that all criticism of modern democracy is fascistic by definition because there’s nothing there to fix and that it’s working perfectly. I find that naive."
"I, like most media people, thought Peter Thiel’s initiative to encourage students to drop out of university, was nuts when I first heard about it. But I now realise I was possibly the one that was ill-read on the matter. Thiel has been incredibly ahead of the curve on the malaise affecting academic thinking and practice. I think he makes a strong case. It’s certainly worth hearing.
The whole thing reminds me of my mother’s experiences with the Polish university system during communism. I may turn the Tweet thread I did about that into a proper story at some point, as I think there are important analogies."
https://the-blindspot.com/in-the-blind-spot-gosplan-falklands-chelsea/
I'm starting to like this woman more every day. Starting to realise why she left the financial Times was because of a "genuine" fear of what is happening in Journalism and academia.
" I don’t really understand why this is an objectionable viewpoint. Or at the very least why it would be taboo to discuss the possibility that the media space has gone collectively native on many issues. I personally kind of agree with the assessment, and I am about as big a champion of democratic principles as you can get.
The root issue being critiqued IMHO is a sinister but extremely subtle type of endemic corruption across all sorts of industrial sectors. It’s a theme I tried to encapsulate in my long-running series on FT Alphaville which I dubbed “The entire economy is Fyre Festival”. This corruption comes in the style of the boiling frog apologue, which is why so many people can’t detect it. Much like Libor traders or subprime bankers didn’t consider what they were doing to be ethically questionable at the time either.
At the very least I think these are important points that need to be aired and discussed. It is nice, however, to see Pogue recognising that the anti academic movement being pushed by these “new right” circles (and I use the term “right” lightly because I don’t see these issues as strictly the concern of the right wing, and frankly I think the old political classifications are a bit redundant these days anyway) is far from anti-intellectual. "
3 cheers for Izabella ... Hip, hip ....
But it's all a conspiracy and can be nailed down by " art degrees " eh Matt?
" in the style of the boiling frog apologue, which is why so many people can’t detect it. "
Love that.
All you needed to do is pick up a history book or two printed before the 1980's. Step into the world of Farley Grubb But economists are not much better at history than they are at logic.
Never be boiled like a frog.
What's happening in the world of academia and finance is no different to a false flag in Bucha.
Created and made by the very same psychopaths. Who know fine well the truth and have done for hundreds of years.
Greg Mankiw and Milton Freidman would be standing there wearing yellow armbands reporting on dead civilians wearing white armbands and being asked to do speeches in front of parliaments talking absolute bullshit.
And their followers would roar
https://m.youtube.com/watch?v=b8fp8ZcYdG4
Billions would create badges of them on twitter.
“Dizzy Izzy”
“Education — Thiel enrolled in Stanford Law School and earned his Juris Doctor degree in 1992. Education: Stanford University (BA, JD)”
Big Bitcoin dude… currently planning for hyperinflation on all the “money printing”
I keep trying to tell you people there is a big problem in the Art Degree side of the academe then she writes she thinks something is wrong in the academe and in response you assert I’m FOS?
When then you are citing this persons claim that something is wrong in the academe to support YOUR point?
Paradox?
Here’s dizzy Izzie: “I, like most media people, thought Peter Thiel’s initiative to encourage students to drop out of university, was nuts when I first heard about it. But I now realise I was possibly the one that was ill-read on the matter. Thiel has been incredibly ahead of the curve on the malaise affecting academic thinking and practice. I think he makes a strong case”
Then you respond: “it’s a vast neoliberal conspiracy!”
How do you get that from her sophomoric critique of the academe ?
She questions academic practice (probably ripping off my stuff) then you assert she’s identifying a “neoliberal conspiracy!”
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