[The IMF and the World Bank are key instruments of the finance/montary/credit-debt management of the entire world. Enacted at the end of WWII to establish US leadership of the world imperialist system, both IMF and WB have come under endless criticism and challenges over the decades, but the emergence of new imperialist powers from post-socialist Russia and China has posed historically-contending blocs-in-formation as unprecedented dangers to the once-presumed “permanent” US hegemony. Both IMF and WB have become increasingly tattered and less effective instruments, as challenges have grown. Congressional reforms aimed at a more durable structure for the IMF are hailed by the media-of-empire NY Times in the following editorial, which writes, strategically, ‘If the fund and the World Bank are to remain relevant and be truly global organizations, they cannot be seen as European and American fiefs.’ — Frontlines ed.]
Congress Gets Out of the I.M.F.’s Way
By The New York TimesEDITORIAL BOARD, December. 22, 2015
The House went into holiday recess after passing a measure that included ratification of International Monetary Fund reforms.
After five years of Republican foot-dragging, members of Congress last week ratified an agreement that will increase the capital of the International Monetary Fund and give developing countries like China and India a greater say in the organization.
This should strengthen the fund at a time when its expertise is needed to help revive a slowing global economy. In 2010, the Obama administration negotiated an agreement with other countries to double the I.M.F.’s capital to about $755 billion, so it could lend more money to troubled countries like Greece and Spain. The changes also gave more voting power in the fund’s management to China, India, Brazil and Russia while slightly reducing the clout of European countries and the United States. Continue reading →
Israeli Consulate, 456 Montgomery St., San Francisco
No to War Criminal Netanyahu! No New War on Iran! End the Colonial Occupation of Palestine! End U.S. Aid to Israel!
Israeli prime minister and notorious war criminal Binyamin Netanyahu will be addressing a joint session of Congress on Tuesday, March 3. Netanyahu has presided over many massacres of Palestinians, the latest in Gaza last summer that killed more than 2,100 women, men and children, wounded more than 10,000, and left hundreds of thousands homeless. The massive theft of and settlement on Palestinian land in the West Bank continues every day. Much of this death, destruction and dispossession is paid for by our tax dollars, billions of which flow to Israel every year.
[Prachanda, once leader of Nepalese Maoists, having disbanded the people’s war, the revolutionary PLA and peoples guerrilla zones and administrative zones, and further confused and disoriented many revolutionaries in Nepal and internationally with a revisionist “creative” line of bourgeois electoralism, has now reached a new pinnacle of craven opportunist betrayal. In a fitting public testament to his complete renunciation of revolutionary Maoism, Prachanda has now denounced the Indian Maoist attack on the reactionary death squad Salwa Judum, in a message embracing the Indian bourgeoisie with condolences at their loss of their death squad architects. The blood of the adivasi and Maoist victims of Salwa Judum, on the hands of Sonia Gandhi, is now on Prachanda’s hands as well. — Frontlines ed.]
Prachanda, Koirala express grief over Naxal attack
Thursday, May 30, 2013
Kathmandu: “Shocked” by the recent Naxal attack in Chattisgarh, Maoist chief Prachanda and Nepali Congress president Sushil Koirala have sent condolence messages to Sonia Gandhi over the ambush in which 27 people, including senior Congress leaders, were killed. “Our party UCPN-Maoist is deeply shocked and saddened by the demise of leaders and workers of the Indian National Congress in the recent attack in Chattisgarh of India unleashed by Indian Maoists,” UCPN-Maoist chairman Prachanda said in a statement. “The incident of violent attack has drawn the attention of our party”, he said, expressing “serious concern” over the incident. “We join with you in this incident in which 27 people including leaders and workers of the Indian NationalCongress were killed,” Prachanda said in a condolence message sent to Congress president Sonia Gandhi. “I, personally, and on behalf my party, express deepest condolence to the families of those killed and wish for the speedy recovery of those injured in the incident,” Prachanda said. Continue reading →
REVOLUTIONARY DEMOCRATIC FRONT: “OBSERVE ALL INDIA WORKER’S STRIKE ON 20 AND 21 FEB. 2013!“
Revolutionary Democratic Front (RDF) extends its solidarity with the workers who are going on a two-day All India general strike on 20 and 21 February. While all the major trade union centres affiliated to various ruling class parties of the country have come together for giving a call for this strike due to the pressure from the working masses, the revolutionary and militant trade unions and workers’ organisations too have given a strike call for these two days. This strike is an opportunity for the workers across different sectors of the economy and regions to come together to highlight the burning problems of their common concern, which require urgent redressal. All the progressive, democratic and pro-people organisations and individuals of the country as well as the peasantry, the students, teachers, intellectuals, government and private employees, need to stand in solidarity with the striking workers in the struggle for achieving their just and genuine demands.
The strike call comes at a time when the imperialist world economy is going through its worst crisis after the Great Depression of the 1930s. The inherent contradiction of the capitalist economy between socialised production and privatised profit came into full force, leading to large-scale overproduction, unprecedented destruction of productive forces, high levels of unemployment, runaway inflation and mass impoverishment. The collapse of the imperialist economy was averted when monopoly finance capital resorted to Fascism in Europe and through massive militarisation and spending in the World War II, which was the direct result of the crisis in capitalism. During this period, achievements which the international working-class movement had won in the form of labour rights through decades of life and death struggles were virtually wiped out. In the post-war period, a resurgence of struggles by the working masses and the spectre of communism and national liberation movements forced the governments in imperialist, bourgeois and semi-colonial countries to recognise the rights of the workers under the garb of ‘welfare economics’. Continue reading →