>>> Doug Henwood <dhenwood at panix.com> 04/12/00 12:21AM >>>
Brad De Long wrote:
>How, exactly? You become indentured to the IMF only if you hit the
>wall. Keep yourself from hitting the wall and you have all the
>freedom of engagement that you want...
How do you keep yourself from hitting the wall if you're a commodity exporter facing declining terms of trade, or if your productivity growth lags the First World's, or if debt service and profit repatriations drain your surplus and put you in a chronic c/a deficit, or IMF-dictated austerity puts you into depression, or...
_____________
CB: And if you try to pull out of the imperialist system, you get a visit from the Marines...
CB