Even the IMF—the IMF!—Turns on Neoliberalism

Image result for neoliberalismEven the IMF—the IMF!—Turns on Neoliberalism | Common Dreams | Breaking News & Views for the Progressive Community

Entitled "Neoliberalism: Oversold?" (pdf) the IMF's Jonathan Ostry, Prakash Loungani, and Davide Furceri focus their analysis on two policies of what British writer George Monbiot dubbed the "zombie doctrine": "removing restrictions on the movement of capital across a country's borders (so-called capital account liberalization); and fiscal consolidation, sometimes called 'austerity,' which is shorthand for policies to reduce fiscal deficits and debt levels."

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