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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.

In this issue

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

Home   |   The Socialist 11 October 2017   |   Join the Socialist Party

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Related links:

IMF:

World capitalism's terrified strategists abandon austerity - for now

Imperialist tensions escalate as world economy teeters

Revolution and counter-revolution in Sudan

Sudan: No to rule of the generals!

Venezuela: resist the pro-imperialist coup!

Inequality:

Racism exists! Unite to fight all inequality

Justice for victims of gender violence

Socialist Party national meeting: End violence against women

End violence against women

Capitalist:

Starmer moves against Unite - No to the attack on Beckett

Stop Israeli state brutality

Colombia: Mass trade union-led protests force tax retreat

Austerity:

Can the 'Preston model' beat the cuts?

For a fighting, democratic, member-led union to stop the austerity attacks