IMF chief Strauss-Kahn caught in "Honey Trap"
By Mike Whitney
posted by Lila York
Strauss-Kahn was trying to move the bank
in a more positive direction, a direction that didn't require that
countries leave their economies open to the ravages of foreign capital
that moves in swiftly--pushing up prices and creating bubbles--and
departs just as fast, leaving behind the scourge of high unemployment,
plunging demand, hobbled industries, and deep recession.
Strauss-Kahn had set out on a "kinder and
gentler" path, one that would not force foreign leaders to privatize
their state-owned industries or crush their labor unions. Naturally, his
actions were not warmly received by the bankers and corporatists who
look to the IMF to provide legitimacy to their ongoing plunder of the
rest of the world. These are the people who think that the current
policies are "just fine" because they produce the results they're
looking for, which is bigger profits for themselves and deeper poverty
for everyone else.
Read full article here: