Transnational Institute | Africa: Chilling the Arab Spring - 0 views
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If the IMF leadership praised the dictatorship, insisted on austerity and advocated squeezing poor people for more taxes, what business does it have today in giving similar advice to Tunisia, or anywhere in the Middle East and North Africa, or for that matter Europe or anywhere at all? What can we learn about IMF thinking in Tunisia, Egypt and Libya, as well as Palestine?
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In contrast, there was no IMF conditionality aimed at reforming the dictatorship and halting widespread corruption by Ben Ali and his wife's notorious Trabelsi family, or lessening the two families' extreme level of business concentration, or ending the regime's reliance upon murderous security forces to defend Tunisian crony capitalism, or lowering the hedonism for which Ben Ali had become famous.
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In addition to expanding Public Private Partnerships (PPPs, a euphemism for services privatization and outsourcing), the IMF named its priorities: "adopting as early as possible a full-fledged VAT, complementing energy subsidy reform with better-targeted transfers to the most needy, and containing the fiscal cost of the pension and health reforms."
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How BRICS Became Co-Dependent Upon Eco-Financial Imperialism » CounterPunch: ... - 0 views
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Contrary to rumour, the Brazil-Russia-India-China-South Africa alliance confirmed it would avoid challenging the unfair, chaotic world financial system at the Fortaleza summit on July 15.
New Left Review - Robert Wade, Silla Sigurgeirsdóttir: Lessons from Iceland - 0 views
What's really happening at the IMF/World Bank spring meetings? More than you think. - 1 views
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It’s Davos comes to D.C. – academics and investors like Nouriel Roubini holding forth on world megatrends while Bloomberg television and the BBC stage live coverage and marquee interviews. It’s as if the actual governance of the two institutions – the purpose of the whole affair – has become an afterthought.
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Outside the public eye, people like Kim, Lagarde and Lew are holding dozens of one-on-one meetings – “speed dating” is how former Treasury official Scott Morris, now an analyst at the Center for Global Development, refers to it. It’s in those sessions that Egypt tries to make progress on a hoped-for IMF loan, or Indonesian minister Mari Pangestu lobbies to become director general of the World Trade Organization, or U.S. officials get private estimates of China’s shale gas reserves.
Pambazuka - SYRIZA's 40-point program - 0 views
After Greece: Can the Left Change Europe? » CounterPunch: Tells the Facts, Na... - 0 views
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The public consciousness is, at last, aware of the issues of financial regulation, wealth distribution and the means of production. But questions relating to religion regularly push these into the background (1).
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Nikos Filis, editor of Avgi, a newspaper with, as main shareholder, the radical left coalition Syriza (2), came to a different conclusion: “The attack may orientate Europe’s future: either towards Le Pen and the far right, or towards a more reasoned approach to the problem. Because security needs cannot be met by the police alone.”
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“If Syriza had been less intransigent on standing for the rights of immigrants, we would already have 50% of the votes. But this choice is one of the few points on which we all agree.”
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Greece's Political Chimera - NYTimes.com - 0 views
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The showdown over the bailout is extremely dangerous, and obscures many serious issues that need to be dealt with in Greece and in the European Union as a whole.
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The confrontation with Greece’s creditors can be seen as a clash between populism and dogma: on one side, a government that gained power by exploiting anger and despair; on the other, the creditor countries and organizations that insist on austerity even in the face of evidence that it is destroying a country and its people.
lwbooks blog | Keeping you up to date on L&W events and news - 0 views
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he has begun to challenge the dominant terms of debate and mark out a distinctive territory for the party, instead of accepting that he has to operate on the established political terrain. Labour needs to succeed in this if it is to survive as a party.
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Then there is the simple fact that the words ‘capitalism’ and ‘socialism’ are being uttered in the mainstream media. What is going on here can be understood as putting out feelers towards a way of expressing potential elements of a different common sense – and beginning to delineate a new political frontier.
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In recent decades we have seen the long decline of a social democracy in which politics has been reduced to technocratic administration and arguments over detail. There has been little confrontation between contesting political positions.
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Econometrics Beat: Dave Giles' Blog: Cookbook Econometrics - 0 views
Economists getting Africa wrong are a warning for the rest of us - The Washington Post - 0 views
When good governments (or any governments) base policies on bad research - The Washingt... - 0 views
The Disaster of Greek Austerity, Part 2 » TripleCrisis - 0 views
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European Union officials have categorically ruled out any possibility of a debt write-down. Restructuring in the form of a lengthening of maturity or perhaps a lowering of interest rates is still on the table, but it would have very debatable long-term results.
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“People would take to the streets because they hoped they could make an actual difference,” she says. “Now it is clear that our hopes were false.” That said, so far the only coherent argument about how Greece could adopt an anti-bailout strategy has been presented by Popular Unity, a new political front that includes SYRIZA’s left wing that split from the party by refusing to accept the new bailout. However, Popular Unity has failed to convince Greek voters and did not gain parliamentary representation.
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