Horner's Corner

Tag: IMF

Haiti Watch: Disaster Capitalism Headed to Haiti

by on Jan.18, 2010, under economics, places, politics

In her book, “The Shock Doctrine: The Rise of Disaster Capitalism,” Naomi Klein explores the myth of free market democracy, explaining how neoliberalism dominates the world with America its main exponent exploiting security threats, terror attacks, economic meltdowns, competing ideologies, tectonic political or economic shifts, and natural disasters to impose its will everywhere.

As a result, wars are waged, social services cut, public ones privatized, and freedom sacrificed when people are too distracted, cowed or in duress to object. Disaster capitalism is triumphant everywhere from post-Soviet Russia to post-apartheid South Africa, occupied Iraq and Afghanistan, Honduras before and after the US-instigated coup, post-tsunami Sri Lanka and Aceh, Indonesia, New Orleans post-Katrina, and now heading to Haiti full-throttle after its greatest ever catastrophe. The same scheme always repeats, exploiting people for profits, the prevailing neoliberal idea that “there is no alternative” so grab all you can.

More via Haiti Watch.

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IMF to Haiti: Freeze Public Wages

by on Jan.18, 2010, under economics, politics

IMF

It’s .. time to stop having a conversation about charity and start having a conversation about justice–about recovery, responsibility and fairness. What the world should be pondering instead is: What is Haiti owed?

Haiti’s vulnerability to natural disasters, its food shortages, poverty, deforestation and lack of infrastructure, are not accidental. To say that it is the poorest nation in the Western hemisphere is to miss the point; Haiti was made poor–by France, the United States, Great Britain, other Western powers and by the IMF and the World Bank.

Now, in its attempts to help Haiti, the IMF is pursuing the same kinds of policies that made Haiti a geography of precariousness even before the quake. To great fanfare, the IMF announced a new $100 million loan to Haiti on Thursday. In one crucial way, the loan is a good thing; Haiti is in dire straits and needs a massive cash infusion. But the new loan was made through the IMF’s extended credit facility, to which Haiti already has $165 million in debt. Debt relief activists tell me that these loans came with conditions, including raising prices for electricity, refusing pay increases to all public employees except those making minimum wage and keeping inflation low. They say that the new loans would impose these same conditions. In other words, in the face of this latest tragedy, the IMF is still using crisis and debt as leverage to compel neoliberal reforms.

via IMF to Haiti: Freeze Public Wages.

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