We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore LappĂ©, excerpt from Time for Progressives to Grow Up

Thursday, August 2, 2018

The IMF is back in Argentina

Click here to access an interview with Eric Toussaint, international debt specialist, conducted by Sergio Ferrari posted on Committee for the Abolition of Illegitimate Debt.

While describing the details of the recent IMF loan to Argentina, Toussaint also provides an excellent illustration of the Empire's transnational capitalist orientation--privatization of profits and the socialization of debts.

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