[wpc at cs.strath.ac.uk: Re: globalizatio of capital]

boddhisatva foucault at eden.rutgers.edu
Wed Apr 26 00:17:20 MDT 1995




		In response to Paul,

	I hope I didn't give any other impression but that I agree with this
critique.
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To: marxism at jefferson.village.virginia.edu
Cc: wpc at cs.strath.ac.uk
Subject: Re: globalizatio of capital
In-Reply-To: Your message of "Tue, 25 Apr 95 05:56:38 EDT."
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From: wpc at cs.strath.ac.uk
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 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.


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