Re: [Marxism] ADB initiative "neuters IMF in Asia"

[Marv Gandall <marvgandall@xxxxxxxxxxxx>]

Artesian writes:

> What I can't figure out is why, every time some bourgeoisie somewhere to
> the
> west of Hawaii decides to try a little bit of the old self-organized blag,
> some on the North American and European left can't keep from getting all
> chuffed and cushty over the place like something wonderful has taken place
> when all that has happened is that some gobshite has just puked up another
> bit of the dog's dinner.
=============================
The Bloomberg columnist and the two bloggers with Wall Street backgrounds
who commented on the Asian Development Bank aren't on the left of the
political spectrum. Rather, they're representative of the growing body of
opinion - perhaps now the consensus - within the ruling classes of the
advanced capitalist countries that the US, while still hegemonic, no longer
holds unchallenged sway in global affairs. The displacement of the
US-controlled IMF in Asia by the ADB rightly seems to them to be another
indication of how the current crisis has contributed to the erosion of US
economic influence much as Iraq exposed the military limitations of the
empire - developments expressed politically by the transition from the
overconfident "unilateralist" Bush administration to the more realistic and
accomodationist Obama one. These processes may not be of interest or seem of
any significance to some on the list, but they interest me.


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