Meaner Tougher IMF with Lagarde

On June 28, New York Times writer Liz Alderman headlined, "France's Lagarde Named New Head of IMF," saying:
She'll assume "one of the most powerful positions in global finance as a worsening crisis in Greece threatens the euro currency union and rattles financial markets worldwide."
Washington's choice all along, Treasury Secretary Tim Geithner endorsed her over Mexico's central bank governor Agustin Carsten, her only competitor after IMF board of directors excluded Israeli central bank governor Stanley Fischer. Allegedly because of age, he, in fact, lacked support outside Israel, and US officials stuck with traditional IMF policy of a European in charge.
An American always heads the World Bank, yet Washington dominates all international lending agencies, assuring it anoints officials heading them, public discourse notwithstanding.
On June 28, a brief IMF statement announced Lagarde's appointment, saying:
The executive board of the International Monetary Fund today selected Christine Lagarde to serve as IMF managing director and madame chairman of the executive board for a five-year term starting July 2011." China, Russia and Brazil also supported her besides America and most European nations.
Britain's Chancellor of the Exchequer George Osborne called it "good news for the global economy and for Britain." French President Nicolas Sarkozy said about his departing finance minister, it's a "victory for France." Indeed so, as French banks are heavily exposed to Greek (and other troubled nations') debt Lagarde is mandated to protect.


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Any world is an illusion, but within illusion, another world, a better world, seems possible. In the material world, the one we think is real, the divide between the 'left' and 'right' is an artificial one. This divide serves to keep us separate from each other and prevents us from seeing clearly that we in fact have shared interests and a common enemy. A better way to approach economy, politics, culture and society would be to take note of the ways in which our societies are divided horizontally: the interests of the few (the elite) and the many (ordinary people). The elite wants to oppress and exploit the rest of us. In a material sense, they are our enemy. They are working to establish a One World Company, aka a totalitarian New World Order. World government is the last thing ordinary people need. We need free and open communities with equal rights for everyone and a profound respect for the many differences between us. We want freedom rather than security. We want peace, not war. Above all else, we want truth, dignity and justice. ~ The Editor















































