The DSK set-up. IMF Chief Caught in a Honey-Trap
Lila York
Strauss-Kahn on his way to court by global post
IMF chief Strauss-Kahn caught in "Honey Trap"
By Mike Whitney
posted by Lila York
Strauss-Kahn was trying to move the bank in a more positive direction, a direction that didn't require that countries leave their economies open to the ravages of foreign capital that moves in swiftly--pushing up prices and creating bubbles--and departs just as fast, leaving behind the scourge of high unemployment, plunging demand, hobbled industries, and deep recession.
Strauss-Kahn had set out on a "kinder and gentler" path, one that would not force foreign leaders to privatize their state-owned industries or crush their labor unions. Naturally, his actions were not warmly received by the bankers and corporatists who look to the IMF to provide legitimacy to their ongoing plunder of the rest of the world. These are the people who think that the current policies are "just fine" because they produce the results they're looking for, which is bigger profits for themselves and deeper poverty for everyone else.
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Author's Bio: Lila York is a choreographer and activist. She has traded the markets since 1990.
May 16, 2011