Download 10 Reasons to Abolish the IMF & World Bank (2nd Edition) by Kevin Danaher PDF

By Kevin Danaher

Author Note: ahead via Amuradha Mittal

2nd variation, revised and expanded

A veritable "Globalization for Dummies," 10 purposes to Abolish the IMF & international Banklays naked the most typical myths of globalization in a transparent and comprehensible way.Looking with desire to grassroots movement-building on a world scale, Danaher provides ten arguments for abolishing the IMF and international financial institution and changing them with democratic associations that may make the worldwide financial system extra in charge to an educated and lively citizenry.

Conceived as an attempt to teach the general public approximately how foreign associations of "free trade" are widening the distance among the wealthy and terrible globally, Danaher unearths how the lending guidelines of the IMF and the area financial institution fail to learn 3rd global peoples, and in its place line the wallet of undemocratic rulers and western businesses whereas threatening neighborhood democracies and forcing cuts to social programs.

Through anecdotes, research, and leading edge rules, Danaher argues that the IMF and the area financial institution undermine our most elementary democratic values, and demands reframing the phrases on which overseas fiscal associations are operated utilizing the foundations of environmental sustainability, social justice, and human rights.

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Additional resources for 10 Reasons to Abolish the IMF & World Bank (2nd Edition) (Open Media Series, Volume 7)

Example text

Notwithstanding the many other factors at work, this underlying disease will progress until it receives treatment. Its symptoms may have been masked for a on people and the environment are increasingly apparent in the United States and throughout the world. They range from falling wages and loss of job time, but today its malignant effects 21 Global Village or Global Pillage warming and paralysis of democratic governmight summarize those symptoms as the "seven danger signals" of a cancerous, out-of-control global economy: security to global ment.

As a result, prices tend the level of the lowest cost producer. the price of goods and When this services through the improved efficiency touted by the advocates of free-market forces, the effect benign. But when toward tendency lowers may be corporations and governments lower costs reducing environmental protection, wages, 19 by salaries, health care. Global Village and education, the result o^- Global Pillage can be malignant —a "downward level- ing" of environmental, labor, and social conditions.

We ask not that others forgive our limitations but that they take up lieve that New — the task of remedying them. This book stresses the practical, interest-oriented aspects of globalization. But globalization also presents profound ethical spiritual challenges. Shall we dedicate our lives to individual acquisition? Shall we define ourselves in terms of narrow interest or identity groups? Or shall we seek broader solidarities with other beings around the planet? In the era of globalization, and even aiding others Like it in the global may be the prerequisite to saving ourselves.

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