workers freedom

economics as if workers mattered

Monthly Archives: January 2013

IMF says “Oops”

The International Monetary Fund released a report in January 2013 conceding that it seriously underestimated the consequences of the harsh austerity regime it and other Troika members imposed on Greece. IMF forecasters said in 2010 that drastic spending cuts would lead to economic growth; instead, the economy collapsed and unemployment rose to an official 25 percent. “Forecasters significantly underestimated the increase in unemployment and the decline in domestic demand associated with fiscal consolidation,” the IMF report admits.

Meanwhile, researchers have examined recent IMF prescriptions and found that the IMF always prescribes the same austerity regardless of the underlying economic condition.

New ASR (59)

asr59Anarcho-Syndicalist Review 59 (Winter 2013) is on its way to the printer.

It’s a solid issue, with pieces on the renewed push for “right to work” legislation in the U.S. (no, such bills don’t mean that you can make the bosses give you a job), the crisis of capitalism, rebuilding the infrastructure of the anarchist movement, the anarchist tradition of workplace struggles, and reviews including a recent comparative study of the international syndicalist movement, Anarchist Seeds in the Snow, and the Anarchist Frequently Asked Questions book, etc.