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From The Socialist newspaper, 4 August 2000

Protest against capitalist IMF

THOUSANDS OF people will be converging on Prague to protest against the meeting of the International Monetary Fund (IMF) taking place there between 27-28 September.

Rob Crowhurst

The IMF is a major global capitalist institution. It exists to help profit-hungry multinational companies exploit the world's people and resources. It does this by imposing 'Structural Adjustment Programmes' on the countries of the ex-colonial world and eastern Europe.

This means blackmailing these countries into opening up their economies to Western banks and corporations.

The brutal neo-liberal policies of privatisation and of labour deregulation that the IMF forces on these countries does nothing to help ordinary people as the capitalists cynically claim. In fact it means the opposite, ie, mass poverty, unemployment, disease, wars and massive environmental destruction.

The recent G8 summit in Japan, highlights the fact that the world's financial institutions, backed up by their governments, are incapable of solving the problems caused by capitalism. Claims of halving the number of people living in poverty, speeding up debt relief and tackling Aids, etc, are just empty gestures to try and quell the anger of protesters.

Similar statements were made at last year's summit in Cologne. To date little or nothing has happened. Only nine of the 25 countries scheduled for debt relief have received any.

The US, who promised $600 million, hasn't delivered a cent and the EU and Japan have used this as an excuse to delay their own contributions .

Over the last year anti-capitalist demonstrations have taken place around the world including London, Seattle and Washington. More and more people are questioning the role of these parasitic institutions as well as capitalism itself .

The Socialist Party and its sister organisations in the Committee for a Workers' International (CWI) in Europe will be mobilising for the demonstration in Prague. Come along and join us.

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Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 4 August 2000:

Fight For a Living Wage

Peugeot workers "pushed too far": No choice but to fight back

Defend Glenn Kelly

Leicester beats fascist threat

Capitalism's chaos and the socialist alternative

Protest against capitalist IMF


 

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