HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Austerity policies and th... » Reply #6

Response to HiPointDem (Original post)

Tue May 22, 2012, 07:41 AM

6. +1, Thanks. Good analysis.

Prof. Klein's 'Shock Doctrine' talked about a lot of Third World nations turning their backs on WTO, IMF, and World Bank (pp 576-8, in her chapter 'Shock Wears Off'), by going with the ALBA (Bolivarian Alternative for the Americas.) Greece isn't 3rd world, but it might as well be.

Brazil, Nicaragua, Venezuela, Argentina, Equador, Bolivia all gave the finger to the banksters. The IMF's lending portfolio went from 80% Latin America in '05 to 1% in '07. Argentina's Kirchner said "There is life after the IMF, and it's a good life." The 'Financial Times' reported that when World Bank managers dispensed [austerity] advice to the developing world, "they were now laughed at." The Latins appear to be mirroring the Yeltsin group's strategy, when they all pulled their Republics out from under Gorbachev, and reassembled them into a new Russia, not ruled by Gorby. It would be good if Greece could join a Southern Hemisphere oriented alternative to western banksters, along with all the other nations getting bled by the financial leeches. The country is like a frog in a skillet, they have to jump some way. Why not jump toward giving their people hope? At minimum, Greece has a lot of shipping capacity to offer any new financial cooperative that they join.

Hitler's nazis promised to give the finger to banks and corporations, but were the flunkies of those financial interests. They were created by big money interests, and completely subservient to them. Fascism was defined as 'Corporatism + Reaction'. Hopefully the Greeks will see through the nazi flunkies' lies, despite their country's current level of austere misery and financial shock.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 51 replies Author Time Post
HiPointDem May 2012 OP
ananda May 2012 #1
dipsydoodle May 2012 #2
kenny blankenship May 2012 #3
dipsydoodle May 2012 #4
Egalitarian Thug May 2012 #5
LineReply +1, Thanks. Good analysis.
Mc Mike May 2012 #6
socialist_n_TN May 2012 #9
Mc Mike May 2012 #10
socialist_n_TN May 2012 #31
Mc Mike May 2012 #36
socialist_n_TN May 2012 #42
Mc Mike May 2012 #45
jwirr May 2012 #14
Mc Mike May 2012 #15
jwirr May 2012 #16
Mc Mike May 2012 #18
jwirr May 2012 #19
Mc Mike May 2012 #22
pampango May 2012 #7
bemildred May 2012 #8
HiPointDem May 2012 #20
bemildred May 2012 #21
hifiguy May 2012 #11
Fawke Em May 2012 #12
bemildred May 2012 #13
Fawke Em May 2012 #17
HiPointDem May 2012 #24
bemildred May 2012 #25
HiPointDem May 2012 #27
bemildred May 2012 #30
HiPointDem May 2012 #33
Mc Mike May 2012 #37
bemildred May 2012 #39
Mc Mike May 2012 #43
bemildred May 2012 #44
Mc Mike May 2012 #46
bemildred May 2012 #47
Mc Mike May 2012 #48
bemildred May 2012 #50
bemildred May 2012 #49
Mc Mike May 2012 #51
Fawke Em May 2012 #26
Mc Mike May 2012 #34
HiPointDem May 2012 #23
deutsey May 2012 #38
bemildred May 2012 #40
fascisthunter May 2012 #32
bemildred May 2012 #41
Fire Walk With Me May 2012 #28
HiPointDem May 2012 #29
Mc Mike May 2012 #35
Please login to view edit histories.