Crime Against Humanity: Pensée Unique in Economics, 58

According to the dogma of “comparative advantage”, to make things go well all countries must “focus on their comparative advantage”; translated for the poor and developing countries this becomes “no need to develop indigenous industries”, while “they had to continue to produce low value−added and low−priced commodities, whose relative prices are known to decline inexorably, while their consumers must buy finished goods at ever−rising relative prices from abroad – importing them from the largest IMF and World Bank shareholders. Since the well−known long−term trends of falling commodity and rising finished goods prices mean that developing countries will receive ever less for their exports, while having to pay ever more for their imports, they cannot help but become indebted to the rich countries. When debt becomes large, the IMF seems ready to take over the government and arrange for further ‘beneficial’ market−oriented reforms, such as cutting food subsidies and social welfare, while seizing key domestic assets as collateral for the foreign investors.”
According to the dogma of “free flow of capital”, to make things go well all countries must enact a “liberalization of international capital flows”; translated for the poor and developing countries this becomes they “have merely become more indebted, spending an increasing amount of their resources on interest and interest−on−interest payments. Often, the interest payments alone are larger than any initial loan received. Furthermore, the liberalization of international capital flows that was strongly urged on developing countries by the US Treasury, the IMF and the other neoliberal international organizations has often produced major economic disasters in the form of balance of payments crises and currency and financial market collapses, as happened during the Asian crisis or many times in Latin America.”
Let’s add to the dogma of “comparative advantage” the principle of risk spreading as opposed to that of economic dependency, let’s add to the dogma of “free flow of capital” what we now know about monetary sovereignty as opposed to what we now know about its usurpation, and then let’s ask ourselves what does it take to successfully cover all that up as “no attack going on here”.