597 online
 
Most Popular Choices
Share on Facebook 81 Printer Friendly Page More Sharing Summarizing
OpEdNews Op Eds    H3'ed 4/7/13

Defending IMF Financial Terrorism

By       (Page 7 of 9 pages) Become a premium member to see this article and all articles as one long page.   6 comments

Stephen Lendman
Message Stephen Lendman
Become a Fan
  (190 fans)

This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.

(1) Mandates were violated. Promises made were broken. The "rising tide that (lifts) all boats" never happened. Free-market diktats "demonstrably and significantly increased inequality."

(2)  GDP inaccurately measures economic wellbeing. People matter more. Their needs are ignored. IMF/WB diktats mandate it.

(3) Free-trade isn't fair. Unelected technocrats run things. Government officials are pressured, bullied and bribed to go along. They do so for benefits they derive.

(4) Unelected IMF/WB/WTO policy makers are interlinked. Conflicts of interest corrupt them. Monied interests control them. Checks and balances are absent. Public scrutiny's avoided.

(5) Force-fed austerity causes enormous harm. No "success stories" exist.

(6) Real ones "achieved relatively high economic growth through extensive state involvement"."

Measures include "land reform, tight control of trade, state enterprises, government-funded research and infrastructure, high tariff barriers to protect infant industries from foreign competition, and favoring certain sectors of the economy through subsidies and state-directed investment."

(7) Predatory capitalism's environmentally destructive. Ecological sustainability becomes impossible.

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8  |  9

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Must Read 1  
Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter

Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

To View Comments or Join the Conversation:

Tell A Friend