Collecting debt for international financiers and in

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collecting debt for international financiers, and in other ways changing the balance of power to further favor the most influential fractions of capital. Named after city that headquarters IMF and World Bank, this Consensus includes agreement on the need for trade and financial liberalization, competitive exchange rates, openness of foreign direct investment, privatization, deregulation and secure property rights. All of these remove protections the working class had previously enjoyed, icrease their risks of unemployment, sharpen the harshness of the conditions under which they are forced to live. Real agenda is to promote crisis to force greater external control and resource transfer to transnational capital and international financiers.
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Globalization destroyed the material base of the cross-class alliances of the liberal –labor coalition in the United States and of peripheral populism, as transnational capital reorganized production on a world scale, playing groups of workers in one country against others elsewhere, increasing insecurities everywhere.
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  • Spring '08
  • sessay
  • Capitalism, Transnational Corporations, transnational capital, individual capitalist countries

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Christopher Reinemann
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