Sunday, May 17, 2009


Just finished watching the 90 minute documentary "Life and Debt" which uses texts from the book "A Small Place". More details on the film project here. The 2001 documentary showcases the influence and results of the IMF getting their hands on Jamaica. Why is it that every country that signs an agreement with the IMF or World Bank shortly thereafter has reduced social services, reduced health care, reduced sustainability, higher external dependence, higher unemployment and even more debt than before? There are so many documented cases now, isn't it hence obvious that the IMF is not serving the 3rd world but only serving the IMF creators and owners? With the US being the biggest owner and the US combined with Western Europe owning 80% of the IMF, whose interest are being served by the IMF?

Watch it and then think about it! What can average off-the-street Jamaicans do? Maybe forming small coops and producing their own food (gardens and life stock) to reduce living expenses and create some independence is a good first step. Creating local tokens and exchanges of goods and man hours might be another useful initial step. What else? What else can countries with lots of available human labor but limited energy (mostly sun and wind) and no capital do to escape the strong hold of globalization?

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