Anti Globalization Movement
Another main focus that the movement centres its energies on is the debt crisis that has been looming since the 1980’s. This started largely around the time that Japans economy stopped growing and other new industrializers stumbled over imbalances in trade and rising debt. (Shipman, Alan 2002) Even though the debt crisis in many LDC’s (less developed countries) is often due to contributory negligence, (bad management by the government) the anti-globalisation movements protests are directed at the WB and IMF because of their way of dealing with these complex financial, democratic and social crisis is a ‘one size fits all’ approach.
The debt crisis in Argentina has left the country is disarray, initial bad economic management after a spell of economic bliss, pegging the Pesos to the Dollar led to hyperinflation and confidence in their currency evaporated. Klein (2002, p53) argues that the IMF used the same ‘one size fits all’ approach with Argentina, telling the government that they must drastically reduce public sector spending to qualify for another loan. Not to mention that Argentina did not have a large proportion of its capital going into the public sector, and that in reality two thirds of it went to debt repayments.
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“Argentina have already dutifully sold off so many of its services, from trains to phones, and the only examples of further assets Cabellero and Dornbusch can think of privatising are the country’s ports and customs offices”. However, Shipman (2002, p104) argues that most of the bad debt owed by LDC’s is written off by the banks. Although the anti-globalisation movement directs its protests at these supranational bodies because of the way which they deal with LDC’s, the way in which the economy is geared to payback the loan leaving the country worse off than it was in the first place also causes outrage amongst many protestors.
Regarding all the above issues the main political ideas of the anti-globalization movement are hard to pinpoint as there are many international crises arising such as the one mentioned in Argentina. Also, the ‘movement’ does not have one leader, one goal or one motive for its existence. Nor does it have strict rules of which to play by, the movement has many cells within it and portrays itself as being very lose-knit. It could also be argued that ironically the movement has itself, become global. Furthermore, the ‘movement’ has no one solution to the current capitalist system, or indeed how the state should be structured. In light of this the main political ideas of the movement will keep growing and diverging as more economic, political and social crises worsen. While the gap between the rich and poor widens brewing more unrest, demonstrations and poverty across the world.
Epstein, B. (2001) Anarchism and the Anti Globalization Movement [Online]. Available at http://www.globalpolicy.org