Czech Republic

The Lessons of Prague

By Boris Kagarlitsky

The events of September 2000 in Prague marked a turning point. When the World Bank and the International Monetary Fund planned their annual meeting for the Czech Republic, they hoped for a peaceful gathering in the only eastern European country where hatred of neo-liberalism has not yet become a mass phenomenon. The outcome was that the international bankers were obliged to flee from a city whose streets had become the scene of battles between police and thousands of demonstrators from all parts of Europe. The bankers did not even manage to hold a concluding press conference.

By no means all the participants in the movement against capitalist globalisation, however, interpreted what had happened as a victory. Many were shocked by the violence on the streets, and still more were dismayed by the united attack mounted on the movement by the media.

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