After Empowering the 1% and Impoverishing Millions, the IMF Admits Neoliberalism Is a Failure

June 1, 2016
Posted in Blog
June 1, 2016 Editor

Wednesday, 01 June 2016 00:00
By Benjamin Dangl, Toward Freedom | News Analysis

an excerpt:

The IMF suggests neoliberalism has been a failure. But it has worked very well for the global 1%, which was alwaysthe IMF and World Bank’s intent. As Oxfam reported earlier this year, the wealthiest 1% in the world now have as much wealth as the rest of the planet’s population combined. (Similarly, investigative journalist Dawn Paley has proven in her book Drug War Capitalism that far from being a failure, the drug war has been a huge success for Washington and multinational corporations.)

The IMF report cites Chile as a case study for neoliberalism, but never mentions once that the economic vision was applied in the country through the US-backed Augusto Pinochet dictatorship — a major omission which was no casual oversight on the part of the researchers. Across Latin America, neoliberalism and state terror typically went hand in hand.

Please click on: Neoliberalism

, ,

Editor

Wayne Northey was Director of Man-to-Man/Woman-to-Woman – Restorative Christian Ministries (M2/W2) in British Columbia, Canada from 1998 to 2014, when he retired. He has been active in the criminal justice arena and a keen promoter of Restorative Justice since 1974. He has published widely on peacemaking and justice themes. You will find more about that on this website: a work in progress.
Care to follow posts?

Get the latest posts delivered to your mailbox (unsubscribe any time):