World finance leaders have pledged to use more resources to try to bolster economic gains as they confront stubbornly slow growth and a rising backlash against globalisation.
(ed: the elites would have to be both deaf and dumb to be able to ignore the screams of rage from the left behind masses that have been brexit – and now the rise of the ‘short-fingered vulgarian’/demagogue in america.
that experiment in divisive/greed-driven capitalism that has been neoliberalism is broken – and they are now casting around for policies/ideas to stem the inevitable rise in numbers and tone of those disgruntled masses – if they do nothing..
..and those elites are smart enough to know that doing nothing/just more of the same will lead to revolution – either at the ballot-boxes – as in britain and america – or the more traditional version..
..and in a smart move they are calling on countries to do more to fight inequality/poverty…
(are you listening andrew little/labour..?..yer housing policy has been stolen by national – maybe you need to come up with some policies to – i dunno – maybe fighting inequality/poverty..?
one thing i can promise you – key/the tories will not steal those policies..eh..?..
a universal guaranteed basic income would be a good start..eh..?..
..’and/but how to pay for these poverty-busting policies?’ – i hear you ask…
here’s a thought/idea..!..maybe promise the formation of a tax-task-force to collect that (industry-estimated) $3-$5 billion in taxes dodged by our local richest/corporates/elites..
..promise a six-month amnesty for people to fess-up and just pay what is owed – and then promise to ramp-up the penalties for avoidance – and to go gangbusters hunting down those not taking heed of these warnings..
..i reckon that will shake a few golden apples out of the tree – maybe even enough to sustain those 300,000 nz children now living in poverty..
..to end that unholy blight on our nation…
..and i know that key/the tories refuse to put actual numbers to the problem – but the un report notes that our number of children living in poverty has risen by 45,000 in just the last 12 months…
..that is almost a thousand more each/every week – over the last 12 months – how is that not seriously fucked up..?
so labour..it’s past time for you to promise to do something meaningful about that..eh..?…
..and i repeat – the tories will not steal those policies i pointed you at..)
Increasing anger over globalisation dominated the annual meetings of the IMF and its sister lender the World Bank.
The unhappiness is evident in Britain’s vote in June to leave the European Union and in the US presidential campaign of Republican Donald Trump – who says millions of Americans have lost jobs or seen wages stagnate because of unfair trade practices by countries such as China and Mexico.
He is vowing to impose penalty tariffs if those practices are not halted.
The British vote sent shockwaves through financial markets and there were further troubles last week when the pound plunged by 6 per cent against the dollar before recovering. Investors worry there will be more turbulence if the British exit proves to be messy and prolonged.
IMF managing director Christine Lagarde said ‘growth has been too low for too long, benefiting too few’ and that was what officials needed to address.
French Finance Minister Michel Sapin said global leaders must address inequality and injustice caused by globalisation – such as tax evasion by big corporations and job losses by workers.
In their statement – IMF officials committed to designing and putting in place policies ‘to address the concerns of those who have been left behind and to ensure that everyone has the opportunity to benefit from globalisation and technological change’.
The IMF did not however spell out what actions countries would be willing to take.
In an era of budgetary constraints it is not clear how governments will find the resources to expand education and job training programmes and strengthen social safety nets.