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Showing posts with the label "IMF and World Bank"

Debt

The causes are the "ongoing plunder of poor countries by rich countries, banks, multinational corporations, and global elites in the North and South." Again, this approach ignores the class structure in the poor and middle income countries, the socio-economic policies of the ruling elites (only mentioned in passing) and the role of the dominant classes in perpetuating the plunder, the lack of the political will to embark on economic and technological development, etc. Such an approach treats relations between states as separate from the sociology of the countries in question. The author of the article has a PhD in sociology! One or two more paragraphs would enlarge the picture and provide a better expalnation.  "The Global South" must be freed of its debt servitude

Blaming Corruption

For decades the dominant view in academia and outside academia has been blaming corruption for the ills and problems in the MENA region. Up until the 1970s, cultural factors had blamed been for the failures of the region to develop. Cultural factors were also used to explain China's underdevelopment from a capitalist perspective. It's been convenient for the centres of powers in the West and the international institutions to dessiminate such a view so that the structural roots and the form of capitalism (rentier economies) as well as imperialist domination is masked and not questioned. I am glad to see that an opinion on bloomberg , a hardly Marxist website, that is sceptical of that dominant view. One thus has to think of the class structure in the MENA region, the lack of the political will to pursue a development path based on productivity and acquire the technology to be able to compete globally in a world where technological know-how and markets are monopolised by a h
Yugoslavia, Argentina, Egypt, Tunisia, Greece ... Venezuela How to depen a crisis and accelerate conflict or how to make a killing The example of Yugoslavia Basil Davidson's review of Susan Woodward's The Balkan Tragedy