Fifty Shades of the IMF
America and the Empire of Dominance
The BRICS Alternative and the Case of South Africa
Narcissism, not wisdom, guides American policy, which is itself a mask of anarchy.
Unlike the General Assembly of the United Nations, where each country has one vote, decision making at the IMF was designed to reflect the relative positions of its member countries in the global economy. The IMF continues to undertake reforms to ensure that its governance structure adequately reflects fundamental changes taking place in the world economy.
The International Monetary Fund
The economic health of every country is a proper matter of concern to all its neighbours, near and far.
President Franklin Roosevelt
As with De Sade’s Justine, the IMF lures its victims with pledges of aid.
Again and again, the naive girl, still believing in virtue, finds herself imprisoned. Such was the case, for instance, with the abbey in the forest, inhabited by monks. Justine is saved, she believes – but the monks reveal themselves to be sadists, torturing, raping and killing their prey. The monks, hiding behind a mask of sanctity, do what they like, satisfy their peculiar and perverse desires, while disciplining and binding those they have abducted (ab ducere, to lead from, astray). The monks wait for their quarry as a spider who strikes. But, as with the carnivorous plant that seems to offer water, the monks contrive to bind Justine even as they extend a helping hand. Thomas Jefferson, writing in the same era, warned, ‘…under pretence of governing they have divided their nations into two classes, wolves and sheep. I do not exaggerate.’
To read the rest of the essay, please visit Fifty Shades of the IMF: America and the Empire of Dominance