IMF

Demonstrators in London against government cutbacks, March 26, 2011.

By Dimitris Fasfalis

By Patrick Bond

June 1, 2011-- Rosa Luxemburg Foundation Palestine office, posted at Links International Journal of Socialist Renewal with permission -- In their latest documents and meetings, the G8, the World Bank and the International Monetary Fund (IMF) reacted to the democratic movements in the Arab world: The recipe calls – as it did before the popular ousting of the Tunisian and Egyptian presidents – for privatisation, austerity measures and “market liberation”. Patrick Bond, economic advisor to the new South African government from 1994-2002, analyses the ramifications of the economic campaign on Tunisia, Egypt, Libya and Palestine.

Washington’s seeding of the Arab democratic revolution

By Adam Hanieh

By Patrick Bond

May 30, 2011 -- Links International Journal of Socialist Renewal -- A renewed wave of development babble began flowing soon after the February launch of the World Bank’s 10-year strategy document, Africa's Future and the World Bank‘s Support to it. Within three months, a mini-tsunami of Afro-optimism swept in: the International Monetary Fund’s Regional Economic Outlook for SubSaharan Africa, the Economic Commission on Africa’s upbeat study, the African World Economic Forum’s Competitiveness Report and the African Development Bank’s discovery of a vast new “middle class” (creatively defined to include the 20% of Africans whose expenditures are US$2-4 a day).

By Patrick Bond, Palestine

May 23, 2011 -- Links International Journal of Socialist Renewal -- Here in Palestine, disgust expressed by civil society reformers about US President Barack Obama’s May 19 policy speech on the Middle East and North Africa confirms that political reconciliation between Washington and fast-rising Arab democrats is impossible.

Amidst many examples, consider the longstanding US tradition of blind, self-destructive support for Israel, which Obama has just amplified. Recognisng a so-called “Jewish state” as a matter of US policy, he introduced a new twist that denies foundational democratic rights for 1.4 million Palestinians living within Israel. For a Harvard-trained constitutional lawyer to sink so low on behalf of Zionist discrimination is shocking.

For although Obama mentioned the “1967 lines” as the basis for two states and thereby appeared to annoy arch-Zionist leader Benjamin Netanyahu, this minimalist United Nations position was amended with a huge caveat: “with land swaps.”