PKI in 1965

[Rakesh Bhandari]

> Well, we should be. Especially whenever Trent Lott talks about how the real
> problem with the IMF is that it is keeping East Asia out of depression
> (because East Asian crony capitalists *need* to suffer, and not be bailed
> out by loans), or whenever Ralph Nader talks about how the real problem
> with the IMF is that it is keeping East Asia out of depression (because New
> York financiers *need* to suffer, and not be bailed out by loans)...

I thought the real problem with the IMF is that it is not keeping
Indonesia and the rest of East Asia out of depression. And with the report
of a worldwide collapse of prices in raw materials and the like as a
result of the Asia crisis (good story in the NYT today), it seems to me
that the IMF is doing little to thwart deepening catastrophe. Even a
resumption of capital inflows seems to be predicated on massive
concessions by the Asian working class, e.g., new rights to terminate
workers in South Korea. 

best, rakesh