Has the IMF Been Reformed? » CounterPunch: Tells the Facts, Names the Names

Has the IMF Been Reformed? » CounterPunch: Tells the Facts, Names the Names





Value Added Tax (VAT) is the IMF’s ‘poor tax’ because it hits poor people far harder than it does the wealthy, as a percentage of income. IMF orthodoxy forever represents regime maintenance for financial imperialism, even if that requires innovative semantics. But as a unit, BRICS is actually a subimperial (not anti-imperial) project. It reinforces not only prevailing world financial policies, but also do-nothing-until-it’s-too-late climate change mitigation. The BRICS represent not ‘competition,’ but collusion in financial imperialism.