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From The Socialist newspaper, 11 October 2017

IMF helps cause inequality it slams

Inequality

Inequality   (Click to enlarge)

The International Monetary Fund's warnings about inequality have had no effect on its efforts to worsen inequality.

The United Nations' global loan shark is anxious about rising anger at inequality threatening the capitalist system. It's not alone.

The director of the IMF, Christine Lagarde, has said that "excessive inequality is corrosive to growth; it is corrosive to society."

But - surprise, surprise - this shift in rhetoric has not stopped the IMF forcing massive austerity and privatisation. A new study by Oxfam, 'Great Expectations', finds that "rapid fiscal and monetary tightening" is still the lender's only prescription.

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In The Socialist 11 October 2017:


Socialist Party news and analysis

Nasty party imploding...drive out the Tories

Major attacks 'Universal Credit', half a million more face poverty

IMF helps cause inequality it slams

NHS meltdown - fight the Tory cuts

Them & Us


Catalonia

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Black History Month 2017

The fight against racial discrimination is tied to the fight to defeat capitalist austerity


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Boeing bust-up threatens thousands of skilled jobs

Who's watching who?: The fight for justice, trade union and democratic rights

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No more fire deaths - ensure safety now!


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Cardiff Socialist Students confront 'Parasite' Jacob Rees-Mogg

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Join the Orgreave Halloween rally

Too much to cross the Mersey


Comment and reviews

Poverty, repression and fightback on the docks

Theresa May, Frida Kahlo and turning women into wares

Shocking insight into Isis

The Socialist Inbox


 

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