If the latest terror threats are real, I support it completely!
http://news.bbc.co.uk/2/hi/americas/3528502.stm
Specified in the intelligence included the IMF and World Bank buildings in Washington.
I am all for the destruction of the IMF and World Bank. If these buildings happen to be destroyed you will not find 2-0-Sixx mourning the "tragedy." In fact, you will find me with a huge smile on my face!
Shut Down the IMF and World Bank!
Global Capitalism and the Socialist Alternative
http://news.bbc.co.uk/2/hi/americas/3528502.stm
Specified in the intelligence included the IMF and World Bank buildings in Washington.
I am all for the destruction of the IMF and World Bank. If these buildings happen to be destroyed you will not find 2-0-Sixx mourning the "tragedy." In fact, you will find me with a huge smile on my face!
Shut Down the IMF and World Bank!
Global Capitalism and the Socialist Alternative
Ever since then, the IMF and World Bank have continued on as an instrument for defending capitalism, maximizing the profits of the big multinationals and maintaining the domination of the US over the world economy.
The IMF and World Bank claim that neo-liberal reforms, while a bitter pill to swallow, in the end lay the basis for major economic growth and therefore higher living standards. But the evidence proves the opposite. The IMF and World Bank loans have created a huge debt trap. This overwhelming debt has led to the poorest countries in the world allocating enormous portions of their national incomes towards paying interest. The sick logic of capitalism means that money is actually flowing from the world's poorest countries to the richest. The debt is one of the most important weapons with which the big capitalist powers dominate poor countries. The IMF and World Bank use the debt as leverage to pry open new markets and gain access to cheap labor and raw materials. In order to get new credit (to be able to keep up debt repayments) and not default on their loans, former colonial countries must accept the dictates of the IMF and World Bank.
Today the underdeveloped world owes a total of $2.5 trillion in international debt to big banks and the IMF and World Bank. "Developing" nations pay the West nine times more in debt repayment than they receive in "aid" from Western countries. For example, after the recent devastating floods in Mozambique - destroying the homes of more than a million people - Western countries coughed up a bare $40 million in "aid." But Mozambique pays more than $70 million dollars a year in debt repayments to Western banks! While diseases like cholera and malaria are spreading rapidly after the floods, only 1.1% of the GDP is spent on health care-down 75% after nearly a decade of IMF imposed austerity programs.
The IMF and World Bank claim that neo-liberal reforms, while a bitter pill to swallow, in the end lay the basis for major economic growth and therefore higher living standards. But the evidence proves the opposite. The IMF and World Bank loans have created a huge debt trap. This overwhelming debt has led to the poorest countries in the world allocating enormous portions of their national incomes towards paying interest. The sick logic of capitalism means that money is actually flowing from the world's poorest countries to the richest. The debt is one of the most important weapons with which the big capitalist powers dominate poor countries. The IMF and World Bank use the debt as leverage to pry open new markets and gain access to cheap labor and raw materials. In order to get new credit (to be able to keep up debt repayments) and not default on their loans, former colonial countries must accept the dictates of the IMF and World Bank.
Today the underdeveloped world owes a total of $2.5 trillion in international debt to big banks and the IMF and World Bank. "Developing" nations pay the West nine times more in debt repayment than they receive in "aid" from Western countries. For example, after the recent devastating floods in Mozambique - destroying the homes of more than a million people - Western countries coughed up a bare $40 million in "aid." But Mozambique pays more than $70 million dollars a year in debt repayments to Western banks! While diseases like cholera and malaria are spreading rapidly after the floods, only 1.1% of the GDP is spent on health care-down 75% after nearly a decade of IMF imposed austerity programs.