http://www.humanitarianchronicle.com/2009/02/stimulating-justice/ Thu, 26 Jan 2012 06:16:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.humanitarianchronicle.com/2009/02/stimulating-justice/comment-page-1/#comment-2635 Christian Thu, 05 Mar 2009 02:16:38 +0000 http://www.humanitarianchronicle.com/?p=695#comment-2635 Something interesting I recently heard about the crisis is that when developing nations have faced similar problems in the past, for example Mexico around 1994, they were told by IMF and World Bank to cut government spending, increase taxes and liberalise their economies. With the billions going into stimulus packages, which effectively nationalise banks, it seems obvious that those prescriptions were not for their but for our benefit, otherwise we would follow our own advice. It's just another demonstration of the need for justice. Something interesting I recently heard about the crisis is that when developing nations have faced similar problems in the past, for example Mexico around 1994, they were told by IMF and World Bank to cut government spending, increase taxes and liberalise their economies. With the billions going into stimulus packages, which effectively nationalise banks, it seems obvious that those prescriptions were not for their but for our benefit, otherwise we would follow our own advice. It’s just another demonstration of the need for justice.

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