James Petras

“George Papandreou is not bought, he is rented. He sells public enterprises to the multinationals. He reduces wages, pensions and employment at the behest of the IMF. He turns over the public treasury to the European banks. He supports NATO’s war against Libya. He directs the Greek Coast Guard to enforce Netanyahu’s blockade of Gaza.” - According to a demonstrator in Syndigma Square, Athens, July 3, 2011

Introduction

A self-proclaimed “Socialist” Government in Greece is imposing by ballots and clubs the most far reaching reversals of wages, pensions, jobs, educational, health and tax programs in the history of Western Europe.

Read more »

James Petras

The attempted rape and sexual abuse of an African cleaning woman by the Managing Director of the International Monetary Fund, Dominique Strauss-Kahn (DSK) embodies, in microcosm, the entire historical and contemporary legacy of colonial neo-colonial relations. Efforts to portray this criminal act as an individual obsession or a personal failing or a “Latin idiosyncrasy” fail to take account of the ‘deep history’ in which these psychological pathologies are embedded.

The first clue is evident on the very surface – skin deep – of the antagonists: On the one-hand, a powerful white European politician representing the collective will of an organization representing the global capitalist class, one with the financial resources to severely punish poor and indebted countries that disobey its prejudicial economic fiats; on the other, a single mother, a black working woman from a former French colony in West Africa (Guinea), which was ‘stripped clean’ by the departing French colonial officials for daring to assert its independence and subsequently forced to submit to endless ‘neo-colonial’ economic impositions ensuring its stagnation and subordination.

Read more »

Michael Collins

The Financial Times reported that French Finance minister Christine Lagarde was the leading candidate for Managing Director of the International Monetary Fund (IMF). She would replace Dominique Strauss-Kahn, now charged with sexual assault in New York City. (Images: Wiki Commons)

Christine Lagarde, France’s finance minister, has emerged as the leading contender to run the International Monetary Fund after being strongly endorsed by her German and British counterparts, eager to extend Europe’s 65-year grip on the global financial institution. Financial Times May 22

With the UK, Germany, and France supporting Lagarde, a favorable nod from the Obama Administration would assure her the job.

Since its creation in 1945, IMF has had an unbroken string of European managing directors.

Read more »

By Michael Collins
The International Monetary Fund (IMF) made an embarrassing error just two days before the start of the Libyan people's revolution on February 17. This quote from an IMF country study appeared in a previous article: "The outlook for Libya’s economy remains favorable." IMF Feb 15 This advice was 180 degrees off target. The Libyan economy has ceased functioning as protests and popular demands imploded the Gaddafi regime. (Image)

Further investigation unearthed a specific pattern of positive IMF endorsements for each of the nations experiencing popular uprisings that are sweeping the region. When the IMF blesses a nation's progress for conforming to the economic policies underlying globalism, watch out! There is a popular rebellion in the wings.

Read more »

By Rady Ananda

As proceedings begin against Iceland's former Prime Minister, Geir Haarde, for the banking crisis of 2008, at least two thousand Icelanders took to the streets in two days of protest this weekend. Iceland joins over a dozen other nations protesting economic measures taken out on the public while banks and large corporations receive bailouts. Class war is on, and it's gone global.

Read more »