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

Shane Mage shmage at pipeline.com
Wed Feb 2 07:12:28 PST 2011


On Feb 2, 2011, at 9:35 AM, Ira Glazer wrote:


> " 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

Strauss-Kahn has to decide very soon to leave Washington if he wants to run for the PS nomination. He's ahead in national polls, and Sarkozy is toast. But to have a chance for nomination from the PS electorate he will have to do an Obama and pretend to be pro-worker.

Shane Mage

The communist creed: From each according to his ability, to each according to his need.

The capitalist creed: From each according to his gullibility, to each according to his greed.

Joe Stack (1956-2010)



More information about the lbo-talk mailing list