ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From 25 Years Ago-Havana versus Davos:The Unbridgeable Chasm

Vol XXXIV, No 6 FEBRUARY 6, 1999

Frederic F Clairmont

Two major world economic conferences straddling the ambiguous theme of globalisation occurred about the same time. The first, in
Havana, by the Association of Economists of Latin America and the Caribbean; the second, by the world’s biggest capitalists and their political hangers-on in the elite Swiss Alpine resort of Davos. That however was where the similarity ended. The first ruthlessly analysed the ravages of the economic, cultural, political and social policies of neo-liberalism, pressed so relentlessly by the satellite trinity of transnational capital and the US caste oligarchy: the World Bank, IMF and WTO. Its logo is uninhibited market freedom of capital, liquidation of the nation-state, and the wholesale obliteration of the democratic institutions that partnered it over the last two centuries. These policies were tantamount to a gulag of a special kind that literally involved job liquidation to the tune of millions. The name of the game is restructuring.

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Updated On : 12th Feb, 2024
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