The World Bank, the Monetary Fund, and Poverty  

The harsh conditions imposed by both the International Monetary Fund (IMF) and the World Bank upon developing countries belie the concern with poverty expressed in the quotations above. The principle of “conditionality” under which the IMF makes loans available is …





Reforming the Soviet Economy  

The economic reform urged upon the Soviet Union by the great international financial institutions reduce to three elements— macroeconomic stabilization, freeing of all but a few prices, and ownership reform. These are discussed in The Economy of the USSR, a …



From Sweden to Socialism  

I accept for the sake of argument Bob Heilbroner’s way of posing his initial question, although he phrases it in terms (so it seems to me) of two separate, static forms of social governance—when in reality, capitalism and socialism are …



East Germany: A Doubtful Future  

The events in the German Democratic Republic (GDR), as in the rest of Eastern Europe, have come at a time when the world market dominates as never before the various national economies. The reign of capital is today less open …



Merger Mania and Economic Decline  

The “leveraged buyout,” dramatized last fall by the struggle over RJR Nabisco and the $25 billion paid by a Wall Street firm mostly through debt instruments, has been only part of the wave of mergers and acquisitions, by far the …



The Establishment Shows its Hand  

The more thoughtful leaders of the American establishment realize that serious economic problems will be inherited from the Reagan administration. These include enormous budget and balance-of-trade deficits; a banking structure weakened by deregulation and vast indebtedness not only of developing …



Electoral Politics, Socialist Policy  

The author opposes the participation of socialists in the electoral politics of the Democratic party, arguing that such participation cannot advance socialist objectives since the Democratic party represents capitalist interests. Although it is intended to apply pressure from working people …



Not Much Reform in “Tax Reform”  

Class politics is of essence of taxation. –T.S. Adams The “tax reform” legislation—which at this writing still awaits final approval by Congress and the president—has been acclaimed by conservatives and liberals alike. It would presumably distribute the tax burden more …



The Sour Fruits of Reaganomics  

Reaganomics represents a new economic policy, one that in principle seeks to curtail or abandon public service and oversight and replace it by presumably more efficient private agents. True, the stress Reaganomics places on competitiveness and profitability as regulatory mechanisms …





On the Skills of Our Work Force  

In his article, “Human Capital and Economic Policy” (Dissent, Summer 1983), Robert B. Reich offers a critique of current corporate and government programs for improving the skills of the American work force. He describes some of the impediments to the …