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You know IMF is not infallible? For example they were one of the architects of the Greek debt crisis. Even after the initial outbreak of Greek debt problem when
by richardknop 9y ago
You know IMF is not infallible? For example they were one of the architects of the Greek debt crisis. Even after the initial outbreak of Greek debt problem when it was clear to everybody Greece cannot ever repay their debt and it will have to be restructured, they recommended further and further bailouts in order to protect German / French banks, effectively bailing out big banks with EU taxpayer money.
Take a look at Greece today and see how IMF policies are working out. Actually you can take a look at the entire Southern Europe which is the end result of policies of IMF/ECB/Council, the so called Troika.
- ue_ 9y agoPerhaps the solution then is not redistribution of money, but common control over the means of production, the way by which people sustain themselves.
- richardknop 9y agoCommunism is not a solution. It was tried in my home country with horrible results. It's been 25 years since end of communism and we are still recovering from the damage it has done to us.
- ue_ 9y agoFor that reason I think we should support modern day Marxists (and non-Marxian Communists), anarchists and Communalists in their research and investigation into advancing their hypothesis. A good read on this is Badiou's The Communist Hypothesis.