Who is afraid of the IMF - their opportunity and ours

arcadeparade

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Who is afraid of the IMF - their opportunity and ours | Workers Solidarity Movement

It's now official, the Irish state is in talks with the EU and the IMF about a so called 'rescue plan' to bail out the Irish capitalist class from the disaster created by the international crash of the capitalist economic system. A crisis that was magnified in Ireland by the corruption of local crony capitalism on the one hand and the dependency of the economy on 'globalization' on the other. Trapped between such a cast of crooks and idiots it is perhaps not surprising that many in Ireland hope things will be improved when the running of our lives will be handed over to those who many hope might have a clue.

The Irish political class have reacted with the same meaningless infighting and slagging of each other we are all so used to. Meanwhile in the real world the cost of the crisis is reflected is soaring unemployment, emigration, suicide and more and more people living in a permanent state of fear and anxiety that they are about to lose their jobs and their houses and find themselves on the streets. The unfolding disaster threatens to paralyze people, lacking any collective response they can only scramble around as the tidal wave approaches. IMF intervention they hope will mean at least that the bottom has been reached.

This is not how it works. IMF intervention will mean escalating cuts, rising unemployment and a cycle of poverty with the few still working earning less and less so that much of the remaining local economy collapse. An IMF 'recovery' means driving wages and living standards so far down that international capital sees Irish workers working for poverty wages as an option. In an interview in the Guardian the former economics minister of Argentina revealed of IMF intervention there after 2001 that "The IMF was so reviled that "children who were naughty were told I'll get the IMF after you" by parents. And when the present government was elected in 2007, it played on those fears with an advertising campaign promising no child would ever know again what the three letters IMF signify."
Continued here:

Who is afraid of the IMF - their opportunity and ours | Workers Solidarity Movement

To all the people saying its a good thing the IMF are here, just read those words the Argentinian parents still tell their children when they are bold.

We're in for a world of pain and only an organised fightback can stop it.
 


RockinRolla

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Nov 12, 2010
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Organised fightback.....

Cowen was pissed last night - the only thing hes trying to fight back is the bottle.
 

Libero

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May 22, 2004
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Fair points on the IMF and its methods, but the piece doesn't really suggest alternatives other than 'fightback' and, presumably, the usual menu from the WSM anarchists' cookbook: interesting, but not really a basis for ensuring the nurses and teachers get paid.
 

kerdasi amaq

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Forcing workers to work for poverty wages, is not the way to grow the economy.
 


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