Reform of IMF (was the global melodrama)

[Max Sawicky]

>
>So the Tobin tax which could raise 200 billion dollars a year within three
>years, is out of the frame. The incremental steps to change are too steep.
>It cannot be introduced in specific countries alone, because that would
>immediately disadvantage them for short term finance.
> . . .

This could change after the bubble bursts,
when ensuing tribulations could encite
substantial resentment at financial markets.

I agree w/the rest of your post and note
that the US labor movement is onto this
stuff, though clearly they have a ways
to go in terms of mounting a campaign.

MBS