View all posts filed under June, 2002

The concept \’crises\’ has been overused and abused by writers on the left - especially with regard to the capitalist economy. One result is that when a real crises emerges - it is not taken seriously.

Throughout the early and mid-nineties, the international financial institutions (the International Monetary Fund and the World Bank), the regional financial institution (The Inter-American Development Bank) and the G-7 countries (North America and Western Europe) praised Argentina\’s liberalization program as an economic model for the Third World.