[lbo-talk] What's going on with the IMF ?

[Ira Glazer]

" The IMF has published a paper entitled *Inequality, Leverage and
Crisis*arguing that the extreme gap between rich and poor – with
echoes of the US
in the late 1920s – was an underlying cause of the Great Recession from
2008-2009.

The paper, by the Fund's modelling unit, warned of "disastrous consequences"
for the world economy unless workers regain their "bargaining power" against
rentiers. It suggests radical changes to the tax system and debt relief for
workers. "

http://www.telegraph.co.uk/finance/globalbusiness/8296987/IMF-raises-spectre-of-civil-wars-as-global-inequalities-worsen.html