by
Jacobin
Washington Consensus
(en)
a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions like the IMF and the World Bank (in a nutshell, neoliberalism); term first used in 1989 by English economist John Williamson
81
Marketize, privatize, deregulate: the Washington Consensus mantra dominated policy in the developing world for a quarter century. For most the recipe was a disaster.
notable
7 years, 3 months ago
Marketize, privatize, deregulate: the Washington Consensus mantra dominated policy in the developing world for a quarter century. For most the recipe was a disaster.
notable
7 years, 3 months ago
belie
(en)
(verb) to give a false impression of / (verb) to present an appearance not in agreement with / (verb) to show (something) to be false or wrong / (verb) to run counter to; contradict / (verb) disguise
83
I guess this belies the notion that there was this national bourgeoisie that was in any way inherently progressive, or was a natural partner of the working class.
on states like India and Turkey trying to enlist the bourgeoisie's support in rapid industrialisation and mostly failing (kinda like the Russian Revolution I guess)
notable
7 years, 3 months ago
I guess this belies the notion that there was this national bourgeoisie that was in any way inherently progressive, or was a natural partner of the working class.
on states like India and Turkey trying to enlist the bourgeoisie's support in rapid industrialisation and mostly failing (kinda like the Russian Revolution I guess)
notable
7 years, 3 months ago
imputation
(en)
the attributing of actions to a source, often involving actions that are criminal; accusation
83
I think this was a very flawed analysis, and it remains so now. It imputes to capitalists a motive and an interest that they’ve never had. Capitalists have always and everywhere had only one interest, which is making profits.
notable
7 years, 3 months ago
I think this was a very flawed analysis, and it remains so now. It imputes to capitalists a motive and an interest that they’ve never had. Capitalists have always and everywhere had only one interest, which is making profits.
notable
7 years, 3 months ago
85
[...] One consequence of rapid industrialization was bringing huge numbers of former peasants together into new factories where they rapidly got absorbed into trade unions and were quickly radicalized. But now since workers don’t stick around in the factory long enough to be politicized, to be drawn into organizations, it means that economic development and urbanization isn’t bringing with it a kind of radicalized working class the way you saw in the past.
that is actually quite a good insight and not really one I'd thought about before
[...] One consequence of rapid industrialization was bringing huge numbers of former peasants together into new factories where they rapidly got absorbed into trade unions and were quickly radicalized. But now since workers don’t stick around in the factory long enough to be politicized, to be drawn into organizations, it means that economic development and urbanization isn’t bringing with it a kind of radicalized working class the way you saw in the past.
that is actually quite a good insight and not really one I'd thought about before
87
I think the first step towards that is to see that the fundamental problem these days is not North versus South, the fundamental problem is that in any country where working people try to raise their voice, the first power they come up against and they have to confront is their own ruling classes.
I think the first step towards that is to see that the fundamental problem these days is not North versus South, the fundamental problem is that in any country where working people try to raise their voice, the first power they come up against and they have to confront is their own ruling classes.