The IMF joint hosted a conference in Tokyo last week – Fiscal Policy and Sovereign Debt – and the continues its misinformation campaign on the ‘dangers’ of public debt. The conference claimed that it brought together ‘leading scholars and senior policymakers’ and upon examination of the agenda it was clear that there was very little diversity in the speakers. The organ started playing and all sessions sang from the same hymn sheet. That is how Groupthink works. Repeat and rinse, repeat and rinse, and, never confront views that are contrary to the message. Groupthink is about avoiding cognitive dissonance for fear that at least some of the ‘parishioners’ might lose the faith. The famous British economist, Joan Robinson likened mainstream economics to a branch of theology and these conferences that the IMF convene around the world are like evangelical crusades, to keep the troops in line so they can continue to keep all of us in line – for fear that we might all start seeing through the veil and discover the rotten core.
EU politics
German Foreign Policy: Catching up in Africa
Africa has not been terribly important for Germany as it has been for the United States, France, Britain, Portugal – and now China. Germany’s sudden interest in Ghana may be part of the Trump administration’s […]
Economics
Fadhel Kaboub – The “Macron plan”: «To relaunch the French economy and further exploit its former colonies».
What Africa needs instead: «A sustainable long-term structural transformation that builds resilience and economic independence» Read here
National Politics
El Nacional Cat.: Catalonia to break off its relationship with the Spanish monarchy, says Torra
The King of Spain has painted himself into a corner and will have to see how he re-establishes relations with Catalonia. Maybe he has made himself superfluous in this conflict and this is simply a […]
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