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Against IMF domination, Bernie Sanders stood up for Greece
Dear Friend,
Greeks will be voting in a referendum Sunday on whether to accept even more austerity demands from the International Monetary Fund – austerity demands that even the IMF admits won’t solve the Greek economic crisis. More than anything, Greece needs debt relief and economic growth, which the IMF plan won’t allow. It’s important for Americans who care about what the IMF is doing to Greece to know who in Congress is standing up for Greece against IMF austerity. Keith Ellison. Raul Grijalva. Jan Schakowsky. Alan Grayson. John Lewis. Rosa DeLauro. Jerrold Nadler. John Conyers. Hank Johnson. But most of all, Bernie Sanders, who not only signed the Congressional letter, but made his own statement to the press “blasting” the IMF, as the Huffington Post reported.
For this day on which we celebrate our independence from foreign domination, I wrote a piece celebrating Bernie Sanders’ leadership against what IMF is doing to Greece.
Can you help spread the news by reading and sharing my piece? Thanks for all you do to help make U.S. foreign policy more just, Robert Naiman
Just Foreign Policy
Robert Naiman is Policy Director at Just Foreign Policy. Mr. Naiman edits the Just Foreign Policy daily news summary and writes on U.S. foreign policy at Huffington Post. Naiman has worked as a policy analyst and researcher at the Center for Economic and Policy Research and Public Citizen's Global Trade Watch. He has masters degrees in economics and mathematics from the University of Illinois and has studied and worked in the Middle East. You can
contact him here. Bernie Sanders Will End the IMF's Economic Violence in Greece and Africa
Posted: Updated:
Many people want to know more about Democratic presidential candidate Bernie Sanders' foreign policy agenda. Yes, they say, we like what Sanders is saying about reducing extreme inequality, about reducing the political power of the billionaire class. But what about U.S. foreign policy? Yes, they say, Bernie voted no on the Iraq war; yes, they acknowledge, Sanders supports the Iran deal. But we're spending more than half of our federal income tax dollars on the Pentagon's empire, money we should be spending on rebuilding our nation's domestic infrastructure. "A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death," Dr. King said. What's Bernie going to do about that?
I'm all for pushing Bernie to talk more about downsizing the Pentagon to be an institution focused on actually defending the United States, as opposed to running around the world overthrowing other people's governments -- a Pentagon that "goes not abroad in search of monsters to destroy," as President John Quincy Adams put it.
But we should also take advantage of the new opportunity that now presents itself; it's not only with bombs that U.S. foreign policy kills and injures innocent civilians.
We should recognize and publicize the fact that Bernie Sanders is the only presidential candidate who is talking about what the IMF is doing to Greece, the only presidential candidate who has a track record of opposing the IMF, the only presidential candidate who, if elected, is likely to do anything to end the economic violence of the IMF.
In his historic campaign for the Democratic presidential nomination in 1988, Jesse Jackson often invoked the theme of "economic violence":
Jesse Jackson was talking about U.S. domestic policy. But others have used the idea to talk about the IMF:
The IMF is not "over there." The IMF is headquartered in Washington, physically, politically and financially. A progressive economist once reported that he was at a seminar at the IMF, where a senior IMF official was indignant that people were saying that IMF is unaccountable. The IMF official demanded to know: why do people always accuse us of being unaccountable? We never do anything without checking with the U.S. Treasury Department!
Until now, unfortunately, Congressional Democrats have been largely content to let Treasury to run the show at the IMF without the input of real Democrats.
The IMF is now doing to Greece what the IMF has been doing to Africa since the 1980s and what the IMF did to South America until the progressive governments there kicked the IMF out. The IMF is a member of the "troika" of official creditors that have been making extreme austerity demands on the Greek government and are nowopenly demanding "regime change" in Greece before there can be any deal that ends the crisis in Greece that the troika has imposed.
(Some people complain that we shouldn't blame the IMF for what is being done to Greece; they say that some other institution or actor is more responsible. These people want us to play "accountability whack-a-mole" with the institutions. We need to hold the institutions "jointly and severally liable"; and the IMF is the bad actor in the troika for whom Americans have the most responsibility.)
Bernie Sanders is the only presidential candidate who is speaking out about this. In Congress, it's the progressive Democrats - including Sanders - who are speaking out about this.
U.S. support for the IMF is more politically fragile than many people realize. Many Congressional Republicans hate the IMF, in significant measure because they see the IMF as a Democrat-supported taxpayer-financed slush fund to bail out big private banks when their international bets go bad (which assessment is quite correct.) Without the support of Congressional Democrats, the IMF is dead meat in Washington. Whenever the IMF wants more money from Washington, there's a campaign to trick low-information Democrats into believing that the IMF is "foreign aid," so that Democrats will support it.
When more Democrats own the fact that the IMF agenda is the NAFTA-WTO-TPP agenda with a European internationalist smiley face mask pasted on, the IMF will be on a fast train to the dustbin of history. And this is not necessarily a remote prospect - the fact that this is the fundamental identity of the IMF is well known among labor activists, for example.
AFL-CIO chief economist William Spriggs recently wrote:
This is why supporters of the IMF should be very afraid that Bernie Sanders andprogressive Democrats are denouncing what the IMF is doing to Greece. You can add your voice here.
Follow Robert Naiman on Twitter: www.twitter.com/naiman
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