Who is afraid of the IMF - their opportunity and ours

national | eu | news report

Thursday November 18, 2010 11:29

by Andrew - WSM

It's now official, the Irish state is in talks with the EU and the IMF about a so called 'rescue plan' to bail out the Irish capitalist class from the disaster created by the international crash of the capitalist economic system. A crisis that was magnified in Ireland by the corruption of local crony capitalism on the one hand and the dependency of the economy on 'globalization' on the other. Trapped between such a cast of crooks and idiots it is perhaps not surprising that many in Ireland hope things will be improved when the running of our lives will be handed over to those who many hope might have a clue.

The Irish political class have reacted with the same meaningless infighting and slagging of each other we are all so used to. Meanwhile in the real world the cost of the crisis is reflected is soaring unemployment, emigration, suicide and more and more people living in a permanent state of fear and anxiety that they are about to lose their jobs and their houses and find themselves on the streets. The unfolding disaster threatens to paralyze people, lacking any collective response they can only scramble around as the tidal wave approaches. IMF intervention they hope will mean at least that the bottom has been reached.

continues at http://www.wsm.ie/c/imf-intervention-ireland-bonds