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July 04 2011



Under what conditions could the IMF promote growth while protecting the people?

Aurélie Trouvé:  Beyond democratization, the IMF must promote an economy governed not by financial interests, but by the goals of sharing wealth and preserving the planet.  In the short term, this means stopping the austerity programs and restructuring public debt, some part of which must be forgiven.  The big lenders must finance this, a plan already propsed by Germany, but under attack from Christiane Lagarde and others. To prevent debt speculation and forestall another crisis, the IMF must disarm financial markets by stringent regulation and the creation of a financial transaction tax heavy enough to generate the hundreds of billions of euros necessary to pursue social and environmental policies.  The Fund must pursue a truly international economic policy by making any country with an unbalanced economy stabilize in coordination with other countries, by monetary controls and active budgetary and wage policies.  Lender countries must not escape these conditions, since their dumping and currency devaluation set up an unfair playing field.  Finally, the IMF could develop a world money to replace the dollar.

Demba Dembélé:
  First of all, the countries of the global South should have a preponderant voice in the decisions of the IMF, to make the Fund serve their own development goals.  For the IMF to promote development, it needs a culture of development.  The current credo is growth at any price, led by exports and open markets: thus the emphasis on the deregulation of commerce, the free movement of capital, the ending of price controls, etc.  In the end, profound change in the IMF can only come at the expense of its autonomy, by placing it under the direction of the Economic and Social Council of the United Nations.  The choice of a new IMF chief would thus be left to the UN General Secrectary, at the end of a democratic, equitable, and transparent process.

Pedro Paez:
Every action of the IMF, especially in the third world, has been an obstacle to development.  Latin America has had a number of bad experiences.  Adjustment and austerity policies generated a chronic fiscal crisis.  Other options are possible, linked to the formation of a sovereign credit system and the reinforcement of the national currency.  Here in Latin America, we have developed a new architecture for finance and development: the Bank of the South [Banco del Sur], based not only on key currencies, but on local resources and national (and soon, regional) currencies.  The architecture of this new bank is the SUCRE: Unitary System of Regional Compensation, a common currency operating outside of the neoliberal restrictions of the euro as a savings mechanism for international monies.  The Sucre, a kind of mutual credit card among national banks, simplifies exchanges and avoids the use of the dollar. In this way, we no longer have to play with interest rates, and each country has greater space to manage exchange, finance, and commercial policies. Keeping the interest rate low will reduce debt servicing charges for families, businesses, and the State, thus liberating resources for investment in the common welfare. Moreover, those resources will be protected from the attacks of speculators and the fragilities of the international market, so we can use them for jobs and development programs.

Should we get rid of the IMF?


Pedro Paez: The question isn’t whether we should rid ourselves of the IMF, but how we can create a new financial architecture, an international lender of last resort with special drawing rights, based on a governance structure engaged in cooperative regional development.  To do this, we might look to the example of the Bank of the South.  This type of monetary and financial organization offers the possibility of recycling local and regional resources for other kinds of development and opens new technical options on the financial and macroeconomic levels, options capable of changing our relation to the IMF.  This could entirely modify the IMF’s repressive mechanisms, like the austerity plans you see in Ireland and Greece.

Should We Get Rid of the International Monetary Fund? | - PA - 2011-07-01
Play fullscreen
Robert Reich “The Truth About the Economy in 2 Minutes and 15 Seconds"


// oAnth

Robert Reich “The Truth About the Economy in 2 Minutes and 15 Seconds" - IMHO a masterpiece in shortness and preciseness - about what he argues is not a result of the financial crackdown of 2008 - he says what he has had to say since years before.
Reposted byFreeminder23return13paket

July 03 2011

Robert Brandom: Teaching and Research Materials - 2011 Munich Hegel Lectures

  Robert Brandom: Teaching and Research Materials

  2011 Munich Hegel Lectures
Knowing and Representing: Reading (between the lines of) Hegel’s Introduction
The 2011 Munich Hegel Lectures

The lectures were given 30 May - 1 June, 2011, at Ludwig-Maximilians-Universität.
Lecture One, "Conceptual Realism and the Semantic Possibility of Knowledge":Handout,Text

Lecture Two, "Representation and the Experience of Error: A Functionalist Approach to the Distinction between Appearance and Reality":Handout,Text

Lecture Three, "Following the Path of Despair to a Bacchanalian Revel: The Emergence of the Second, True, Object":Handout,Text
The lectures were followed by a presentation on 4 June, 2011, at the conference "Aspects of Reason: Justification and Explanation" at Ludwig-Maximilians-Universität.
"Some Post-Davidsonian Elements of Hegel’s Theory of Agency":Handout,Text

via Evernote
Reposted bynydivorcelawyer nydivorcelawyer

Der zeitweise einhändige Virtuose

Der Pianist Leon Fleisher konnte wegen einer Erkrankung jahrzehntelang nur mit der linken Hand spielen, bis ihn der Neurologe und Schriftsteller Oliver Sacks mit Botox erfolgreich therapierte. 2006 drehte Nathaniel Kahn eine oscarnominierte Kurzbiografie mit dem Titel Two Hands – The Leon Fleisher Story. Für Sacks spielte Fleisher diesen Bach-Choral:

Schafe können sicher weiden,
Wo ein guter Hirte wacht.
Wo Regenten wohl regieren,
Kann man Ruh und Friede spüren
Und was Länder glücklich macht

Dank für den Tip an Hans Hütt!

Reposted fromglaserei glaserei
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