Opposition to Lagarde at Smith was not personal, as an online petition made clear:
"" By selecting Ms. Lagarde as the commencement speaker we are supporting the International Monetary Fund and thus going directly against Smith's values to stand in unity with equality for all women, regardless of race, ethnicity or class. Although we do not wish to disregard all of Ms. Lagarde's accomplishments as a strong female leader in the world, we also do not want to be represented by someone whose work directly contributes to many of the systems that we are taught to fight against. By having her speak at our commencement, we would be publicly supporting and acknowledging her, and thus the IMF.
"Even if we give Ms. Lagarde the benefit of the doubt, and recognize that she is just a good person working in a corrupt system, we should not by any means promote or encourage the values and ideals that the IMF fosters. The IMF has been a primary culprit in the failed developmental policies implanted in some of the world's poorest countries. This has led directly to the strengthening of imperialist and patriarchal systems that oppress and abuse women worldwide."
Smith's trustees haven't said why they wanted to honor the IMF
Not surprisingly, Smith's administration stood by its invitation to Lagarde and there is little evidence of campus ferment even at the low level on the Rutgers campus. There was one report of a quiet campus sit-in by 40 students earlier in May. But apparently Lagarde is thin-skinned as well as guarded in her public persona. According to Smith president Kathleen McCarthy in a May 12 letter to the college community, Lagarde withdrew "in the wake of anti-IMF protests from faculty and students, including a few who wrote directly to her," which might seem pretty thin-skinned for someone with a net worth of $4 million (and annual, untaxed income of about $630,000) whom Forbes ranked as the 7th most powerful woman (35th most powerful person) in the world.
According to McCarthy, Lagarde retreated under the same lame excuse Rice used, not wanting to be a party-pooper. As quoted by McCarthy, Lagarde wrote:
"In the last few days, it has become evident that a number of students and faculty members would not welcome me as a commencement speaker. I respect their views, and I understand the vital importance of academic freedom. However, to preserve the celebratory spirit of commencement day, I believe it is best to withdraw my participation."
Back in February, Lagarde observed that income inequality was increasing globally, citing the United States and India in particular. Delivering a lecture in London, she said, "In India, the net worth of the billionaire community increased twelve-fold in 15 years, enough to eliminate absolute poverty in this country twice over". [Inequality] leads to an economy of exclusion, and a wasteland of discarded potential." She did not suggest doing anything particular about this kind of global impoverishment for the vast majority of people on the planet.
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