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Britain fell for a neoliberal con trick – even the IMF says so | Aditya Chakrabortty | Opinion | The Guardian
Let us get it straight. Neoliberalism has ripped you off and robbed you blind. The evidence of that is mounting up – in your bills, in your services and in the finances of your country.
UK  neoliberalism  publicSpending  privatisation  state  cuts  economics  politics  austerity  IMF  finance  dctagged  dc:creator=ChakraborttyAditya 
3 days ago by petej
Michael Hudson: Argentina Gets Biggest IMF Loan in History | naked capitalism
The madness of this was spelled out over 2000 years ago. In Book I of Plato’s Republic you have Socrates arguing against the idea that all debts should be paid. He asks, what if you borrow a weapon from a crazy person, and he asks for it back. Should you give him a weapon if he’s likely to hurt people?
imf  argentina  debt  wealth  finance 
7 weeks ago by soobrosa
Is China an open economy? Beijing says it is but IMF differs | South China Morning Post
The International Monetary Fund (IMF) has urged China to adopt further steps to open its market, disagreeing with Beijing’s assessment of the country’s progress in reforming state-owned enterprises, reducing trade and investment restrictions and its efforts to reduce government debt.

“We are looking at China and comparing it with other G20 countries … in terms of service trade and investment, the Chinese economy is still very restrictive,” Alfred Schipke, IMF’s chief China representative, said at a symposium in Beijing.
china  trade  imf 
8 weeks ago by jayyy

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