globalizatio of capital

Thomas Meisenhelder tsmeisen at wiley.csusb.edu
Tue Apr 25 11:41:55 MDT 1995


> boddhisatva
>	How can we attack, for example, the World Bank and IMF themselves
>when they are units conceived to extend the credit derived from the wealth of
>the first world, to the rest of the world.  Certainly any international
>socialist would conceive of the same thing.  The problem is what can be
>bought with that credit, and the terms of the contract, not the bank or the
>fund itself.
>
>Paul:
>We can attack it because its terms are usurious, and because
>the conditions that are imposed in their structural
>adjustment plans involve drastic reductions in the
>living conditions of the working people in order to
>ensure a continued flow of interest and dividends to
>capitalists in the metropoli.
>
>
>     --- from list marxism at lists.village.virginia.edu ---
>
>Also we can attack them because they are not at all projects for spreading
wealth around the globe.  In fact the result of these conditional loans is
to return $ to the industrial core in the form of debt payments drawn from
the declining living standards of the masses./   Tom



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