IMF & That Whole ‘Democracy’ Sham

Neoliberal enforcers mutter how it would be shame if there was a fire round ‘ere, course if you reform like we say, that fire, might never ‘appen eh? And er, y’know we can all be sitting pretty, just stop getting in the way of profit, gives the others silly ideas like. And we wouldn’t want that now would we, healthcare like, well it’s a constant & growing demand innit, ergo kerching if you get my meaning? But if some la-di-da socialised types get their ‘ands on it like you lot after that nice litttle war, well it all goes to pot, start thinking about taxing us big boys. So mind how you go and get that privatising speeded up, and er, capital might forget where it put its matches, alright?

Cut NHS costs to pay off debt, IMF warns Britain
Britain was served notice by the International Monetary Fund todaythat reforms to healthcare and pensions will be needed to repair the long-term damage to public finances caused by the global recession.

At the end of a bruising week for the prime minister, Gordon Brown, the fund rekindled memories of the spending cuts imposed on Jim Callaghan’s Labour government in the 1970s when it said the new fiscal rules promised by the chancellor, Alistair Darling, earlier this week, were not enough on their own.

The IMF is in favour of higher government spending to support activity through the most serious downturn since the second world war, but believes governments will have to take stringent steps to deal with their debt. Olivier Blanchard, the IMF’s economic counsellor, said the UK and other countries running big deficits had to take measures which improved the medium-term sustainability of the debt.

Asked specifically about the UK’s financial health, Blanchard warned that action would be needed once the crisis was over. “That means reforms of the retirement system; that means reforms of the healthcare system.

8 Responses to “IMF & That Whole ‘Democracy’ Sham”

  1. Jotman Says:

    Healthcare… hmmm ….. I read somewhere that the UK was looking into modernizing its nuclear forces (it seems Britain now has fewer nukes than Israel).

    Why doesn’t the IMF demand that governments cut military spending? Maybe they do, but it would be interesting to know if they put much as much pressure in this area.

    But since the bank is owned by the same people who make most of the weapons, not sure if that doesn’t present a conflict of interest….

    • RickB Says:

      Yes, the Trident scam (not that they are ours, they are really just a rental from the US our deterrent is not really independent). You make a good point, some spending is less open to debate than others. Also bottom line banks should not run human affairs, humans should.

  2. Annie Besant Says:

    The evidence is now stacked ceiling high that the credit bubble/crash was deliberately engineered to produce results such as this. Makes things really easy for the Cassandras

    • RickB Says:

      The Shock Doctrine was pretty prescient, clearly the system tends towards periodic crises but yeah the financiers control of the US government meant they made it appear to happen at a time and with solutions of their choosing (they shaped it to manage it better for their ends) and in the process further spread their control over our capital. However I would also reckon that the level of irrational greed in the individuals now means logical control is corroding and further chaotic destabilisations will occur until they & the system are removed from control.

  3. Jotman Says:

    Also bottom line banks should not run human affairs, humans should.

    In other words, banks should serve human communities, not the other way around. What a revolutionary idea!

  4. RickB Says:

    Careful with the ‘revolutionary’ word, I think that is what they use to have such ideas rounded up and shot!

  5. Bina Says:

    Hopefully, Britain to IMF: Pound sand up your arse. Banks are the cause of the financial crisis, not the answer to it.

    (I know they won’t be that brave, but one can always dream, eh?)

  6. RickB Says:

    I think our ‘great and good’ will use this as further proof they must cut, deregulate and privatise. As if the IMF were some godlike neutral authority that trades in hard economic science! (now I’m making myself laugh)

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