Capitalism is susceptible to cycles of boom and bust. While the current crisis is not as severe as the Great Depression, forecasts do not suggest a clear or quick path to recovery.
The power of capital is the same now as it was long ago and will be the same in the future as long as democracy is twinned with the capitalist mode of production where wealth and power is concentrated in the hands of a minority.
The IMF is an international organisation that causes much debate. The neo-liberal ideological agenda, the control of the policy agenda by wealthy countries, and the conditionality attached to the loans it provides, all form the basis of worthy criticism.
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