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but something really needs to be done to change the imf/world bank m.o. in the world.
what seems to be true across many of the posts above is the illusion that you can understand the situation of the poorest african nations as being like you lending money to an unreliable friend--when there is nothing about that loan individual-indivudal that would enable you to think about what the effects of structural adjustment really are: for example, s.a. programs make it nearly impossible to develop locally-oriented agriculture and tends to undermine what exists by forcing markets open to cheap mass produced, largely american overproduction...s.a. undermines the ability of countries to control their own employment situation....s.a. traps the poorest countries in particular in a vicious circle that there is simply no way out of.
the debt forgiveness move is not just a nice idea--it seems necessary for the longer-term stability of the international regime itself--but simple debt forgiveness for the poorest african countries is also a substitute for a dismantling of the imf in its present form.
as for geldorf and bono--i think damon albarn was right about them.
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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