Neoconservatism promotes a special kind of democracy, one that screws the people. In Ukraine it may have overreached by using that country as a means to an even bigger prize in Russia. Until recently, it had done well out of the 2014 Maidan ‘revolution’. Interviewed a little while ago by left-wing website GPE Newsdocs, Professor Prabhat Patnaik argued that the IMF, once simply an international rescue-bank, is now used to enforce ‘investor-friendly’ economic restructuring on the borrower; and in Ukraine’s case this has entailed reforms such as cutting spending on education and health and slashing the gas price subsidy to its consumers. Patnaik claimed that the IMF deliberately loaned more than Ukraine could ever repay, so paving the way for taking land and mineral resources in lieu; it would end, he said, by turning Ukraine into Greece and the economy would be disrupted as masses emigrated for a better life:
Ukraine: a doomed neocon cattle-raid
Ukraine: a doomed neocon cattle-raid
Ukraine: a doomed neocon cattle-raid
Neoconservatism promotes a special kind of democracy, one that screws the people. In Ukraine it may have overreached by using that country as a means to an even bigger prize in Russia. Until recently, it had done well out of the 2014 Maidan ‘revolution’. Interviewed a little while ago by left-wing website GPE Newsdocs, Professor Prabhat Patnaik argued that the IMF, once simply an international rescue-bank, is now used to enforce ‘investor-friendly’ economic restructuring on the borrower; and in Ukraine’s case this has entailed reforms such as cutting spending on education and health and slashing the gas price subsidy to its consumers. Patnaik claimed that the IMF deliberately loaned more than Ukraine could ever repay, so paving the way for taking land and mineral resources in lieu; it would end, he said, by turning Ukraine into Greece and the economy would be disrupted as masses emigrated for a better life: