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From The Socialist newspaper, 11 October 2017
IMF helps cause inequality it slams
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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The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.
- The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
- When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our Fighting Fund.
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
Catalonia
Catalonia: Workers can finish what Puigdemont won't
Black History Month 2017
The fight against racial discrimination is tied to the fight to defeat capitalist austerity
Socialist Party workplace news
Royal Mail workers fight court attempt to stop national strike
Boeing bust-up threatens thousands of skilled jobs
Who's watching who?: The fight for justice, trade union and democratic rights
Housing crisis
Housing crisis: Corbyn's positive measures blanked by Labour's right
No more fire deaths - ensure safety now!
Socialist Party reports and campaigns
Don't wreck our rec! Campaigning to save green space in Standish
Carlisle NHS campaigners hand in petition to MP
Cardiff Socialist Students confront 'Parasite' Jacob Rees-Mogg
Manchester rally discussed unionisation and nationalisation
Join the Orgreave Halloween rally
Comment and reviews
Poverty, repression and fightback on the docks
Theresa May, Frida Kahlo and turning women into wares
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