Politica Internazionale

Politica Internazionale

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lunedì 24 marzo 2014

The International Monetary Fund is against austerity

The rethinking of the International Monetary Fund, the goodness of the austerity measures imposed to some countries in serious trouble , as Greece and Portugal , has the meaning of a late repentance . Excessive austerity caused by this economic line , resulted in the collapse of the middle class , the further impoverishment of the poorest sectors of society, so too impressed by the asymmetric financial rigor . Instead of recommending spending cuts proportional to the various classes of income , fiscal policies have struck indiscriminately , trying to drain income from social masses without any distinction. The result has been an exponential increase in inequality , which put in serious danger social cohesion and the very stability of the states. One of the thoughts that drove these maneuvers was the usual miscalculation liberal , favoring the rich who says that the market moves starting from luxury goods . So it was not , the saturation of this market has not been compensated by one starting from the middle classes to go down, because of the ability of private spending. This has created a vicious negative , which has dealt a blow before the trade and then that of production. Even the attempt to save the banks, this successful thanks to the sacrifices imposed on the working classes , has had , then , the expected effects , due to an inability to enforce the provision of liquidity in the system , able to stimulate investment. You have successfully generated a particularly favorable to banks , even though they were the main suspects guilty state of crisis. The banks, ie , they have healed with subsidized rates to their advantage, granted by central institutions , the errors that largely created the crisis. With these considerations, the cry of alarm coming from the IMF appears at least , not sincere. However, the need of the adjustment methods of training budgets is what occurred. The alarm bell is clear: the weaker classes should no longer be affected by the indiscriminate financial maneuvers . The hardship is detrimental to the economy itself, because it does not allow him an adequate rate of growth ; those reasons , even beyond the social considerations , which have a cost , however , should be enough to stop a bad practice precisely because anti- economic . It therefore requires a general rethinking on the part of the employees , who must begin first of all by the policy , finally exercised as a common good . If some states continue to be deaf and will remain on the same path , it is mandatory to find other tools to force them to change their attitude . The European case is symptomatic of a proper management of this kind, where Germany is able to exercise exaggerated compared to the rest of the Union. Also because this trend favors the onset of populist groups , which came to power could destroy if the sacrifices made ​​so far . It is therefore necessary to find a common ground of understanding that could do understand the demands of all to make the economy grow from the bottom. Although the appeal of the IMF sounds a little hypocritical , it is still an appeal to authority, that the rulers should take into account in the forthcoming economic strategies .

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