Close the IMF, abolish debt and end development: a class analysis of the international debt crisis

1 November 1989

journal article
research article
Published by SAGE Publications in Capital & Class

Vol. 13 (3) , 17-50
https://doi.org/10.1177/030981688903900102

Abstract

The political targets of this article are reformist understandings of international debt and development. Opposing theories which ‘blame the victim’, Cleaver construes international debt as ‘a weapon against the working class’, and the debt crisis as ‘a product of working class power’. Repudiation of debt is accordingly the necessary Marxist political response.

Keywords

This publication has 4 references indexed in Scilit:

Developing Country Debt and the World Economy
Published by University of Chicago Press ,1989
The Two Faces of Third World Debt: A Fragile Financial Environment and Debt Enslavement
Monthly Review, 1984
The Future: OPEC Wants Them
Foreign Policy, 1976
The Past: We Pushed Them
Foreign Policy, 1976