Let’s Abolish the IMF on Its 80th Birthday

Well, the appeal would not resonate with a few of my students who want to work in institutions such as the IMF. They think of job prospects, but a few also believe that the IMF is still one of those institutions that could help ‘development’. Students at the age of 20 to 25 who have enrolled in elite institutions and who have only begun to know about the world, have an interest in believing in such a ‘liberal institution’ of imperialist domination.

Hardly any of those students has ever systematically studied the historical and global working of the capitalist system. On the contrary, even when they are introduced to an alternative, they cannot escape thinking of whether the alternative conflicts with their professional ambitions/careers in managing the system. Public Administration, for instance, is one of the disciplines they enrol in.

Ironically, although I don’t have data to support my argument, a few of them end up in debt if the parents are not able to pay the full fees thus they later work with an oppressive institution that enslaves countries through debt – and other means – so that they could pay their own debt.

“The IMF still refuses to systematically call for progressive taxes on the income and wealth of the richest individuals and corporations – which is the only fair way to expand revenues for development.”

The only fair way to expand revenues for development? No, it is not the only way and that is a social-democratic policy followed in countries like Sweden with 40% corporate tax but in a specific global development of capitalism and class struggle in Western Europe.

“People around the world are rising up and demanding decolonisation.” This is too general and abstract. The writer does not even hint that such a big matter could be solved by sharp social struggle in the indebted countries. There is not even a hint to the lessons from the first decades of neocolonialism and how some African leaders attempted to address the developmental issue.

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The Qarmatians (Al-Qaramita)

By Nadeem Mahjoub Documentary film-makers G. Troeller and M. C. Defarge once asked a cabinet minister in South Yemen, why socialistic ideas were so readily acceptable in that part of the Arab world. He replied: “Because we have been communists for a thousand years! My mother was Qarmatian.” Official Muslim scholars and clerics, and many so-called moderates (whether individuals or groups) oppose sedition ( fitna ). Tensions and contradictions in society should be solved peacefully and even if the ruler was unjust and impious, it is generally accepted he should still be obeyed, for any kind of order is better than anarchy and sedition. “The tyranny of a sultan for a hundred years causes less damage than one year’s tyranny exercised by the subjects against one another.” Revolt was justified only against a ruler who clearly went against the command of God and His prophet.” 1 Here we look at not what happened in the minds of people who call for calm, oppose dissent and preach the re...

Capitalism

Some of this reminds me of how five or six years ago in a class of seven students in a UK elite university three of them (two Germans and one British) were in favour of a "benevolent dictator" (in the Arab context). The bloody horrors of Pinochet showed how capitalism will react when it's threatened

Cairo C. 1900-1934 The accurate translation for Arabic meaning of Cairo is "the invincible".

"If you don't attack the economic power of the elite, soon or later it will attack you." That's what the Arab uprisings, for instance, were unable/failed to do. K for Karl – Revolution (episode 3)

"A second position argues against transition, which is transitology itself. It is well known—especially among economists—as the sudden mobilization of a considerable mass of experts who are generally foreigners,generally Western, who come to preach the good word and to propose ready-made models of democracy. The science of the transition has become a financial windfall, a market. And the word transition has of course become a reflex of language, a term of reference, a call for tenders ( appel d’offres ) to which the whole society was supposed to respond. Consequently, the reticence that one can express is the following: our history is framed, transition is a heteronomy. Every democratic revolution is henceforth supposed to take a unique, imposed path, which is, at the same time, indistinctly democratic and liberal (or neoliberal). A more or less non-“negotiable” package. It is necessary to highlight the imposed character (and imposed from the outside) of this coming to t...

"In the same way that Robinson [Crusoe] was able to obtain a sword, we can just as well suppose that [Man] Friday might appear one fine morning with a loaded revolver in his hand, and from then on the whole relationship of violence is reversed: Man Friday gives the orders and Crusoe is obliged to work. . . . Thus, the revolver triumphs over the sword, and even the most childish believer in axioms will doubtless form the conclusion that violence is not a simple act of will, but needs for its realization certain very concrete preliminary conditions, and in particular the implements of violence; and the more highly developed of these implements will carry the day against primitive ones. Moreover, the very fact of the ability to produce such weapons signifies that the producer of highly developed weapons, in everyday speech the arms manufacturer, triumphs over the producer of primitive weapons. To put it briefly, the triumph of violence depends upon the production of a...

Varoufakis "speaks of how great it was to have the support of Larry Summers, Norman Lamont, and other figures on the Right, but it was support for whom, for what, and in whose class interests? Class analysis is far from the foreground of the picture sketched out here. Closed rooms and class war

Putting a Racist in Their Place

"Egypt is no longer the heart of the Arab world"

US

Written in June: The candidate who emerged from this jumble of discontent was the man who promised to do the least. His party is now preparing to give us a national election that will be little more than a referendum on the hated Donald Trump. Finally we have a climate in which the American public would unquestionably choose dramatic change were it offered to them, and the party of change has contrived to ensure that it will not be offered. Instead our choice is between two elderly and conservative white men, both with a history of stretching the truth, both with sexual harassment accusations hanging over them, and neither representing any possibility of energetic democratic reform. The old order has been miraculously rescued once again. Such is the climate of opinion in America that, with the right leader, remarkable things would be possible. Instead we are presented with Joe Biden, an affable DC veteran with a hand in many of the defining disasters of the last 30 years: worker-c...

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