JEC on BWIs

Doug Henwood dhenwood at panix.com
Thu Feb 14 10:46:19 PST 2002


Vikash Yadav wrote:


>Opposition to the WB & IMF is not a sign of virtue per se.

Of course not. But it's a tough call whether right-wing attempts to starve the WB & IMF might weaken their power and, on balance, be an act of good for the world's poor. In their ideological fervor, sometimes right-wingers underestimate the degree to which state institutions are necessary to establish and maintain market relations, which they imagine to be the natural state of affairs that are only distorted by state action.

Besides, it's good political theater to watch liberals defending the IMF.

Doug



More information about the lbo-talk mailing list