The Argentine government has fallen again, this time in a mass resignation reaching even into the Senate, where Ramon Puerta, the Senate leader who served briefly as president following Mr de la Rua's resignation, quit his post to avoid inheriting the presidency again. [
Interim Argentinian Leader Quits ].
The social outbreak reflects a mobilization capacity that seemed forgotten in Argentina, carried out by very diverse sectors of the society, without a defined leadership, something that is deeply disturbing to power. [
Government Resigns in Block After the New Social Outbreak ]
It's increasingly obvious that the real government of Argentina is the IMF, as shown in the story
"How the IMF/WB make domestic economic policy in Argentina." According to Jubilee South, "The purported foreign debts of underdeveloping countries as of 1993 total $1.7 trillion, despite them having repaid $14 trillion in debt service. Debt servicing compounded by direct capital flight and profit repatriation by foreign investors drains our nations of their wealth. Caught in a vicious debt trap, we are thrown further into economic ruin and social decay. The human costs of debt domination threaten prospects for democratic governance and augment the violation of fundamental human rights."
From
Jubilee South Manifesto, Beyond Debt and 2000.
Immoral lending practices are also taking an increasing toll on the most vulnerable here in America as well.
Predatory lending, once the province of organized crime and small companies operating in communities that banks underserved or abandoned altogether, is now a practice where major banks play a leading role. Hence, the web-based campaign,
Tell Citibank. Another major force in this domestic struggle is
ACORN's campaign against predatory lending.
[
IMC-Argentina |
Jubilee South |
Predatory Lending Article From Dollars And Sense ]
