tag:blogger.com,1999:blog-8764541874043694159.post8587151072128530008..comments2024-03-28T07:33:46.151+00:00Comments on Coppola Comment: The illogicality of the IMFFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8764541874043694159.post-79988688589256399032012-09-12T13:35:25.783+01:002012-09-12T13:35:25.783+01:00Great post, you've done a good job of disectin...Great post, you've done a good job of disecting the report with a critical eye. I agree that you'd think the IMF would do better than that.<br /><br />But i have no faith in the IMF personally. They're using the wrong economic models, and they will right up to the point they're made redundant.Petenoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-66389883551252838522012-09-11T22:32:04.282+01:002012-09-11T22:32:04.282+01:00The IMF's and OECD's policies for any coun...The IMF's and OECD's policies for any country involves cutting wages and welfare, it's the standard response and I have written about it several times on my own blog. It's about reducing that part of GDP that goes to workers' remuneration, all the more for the capitalists.<br /><br />The other policies the august bodies advocate, reducing deficits at breakneck speeds so as to cause recessions and stagnation, will most likely result in debt deflation. The real value of debt will be maintained or even increase.<br /><br />Looking at it through my Marxist sunglasses everything seems to be quite logical from the standpoint of the ruling class. Less money for the proles while making sure you squeeze them.<br /><br />Marx actually mentioned this in the Grundrisse in the late 1850s, it was happening even then.<br /><br /><br /><br />littlekeithyhttp://boshtosh5.blogspot.co.uk/noreply@blogger.com