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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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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.
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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

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

Workplace news in brief


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

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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