IMF & WB vis-a-vis the underdeveloped countries.

Imtiaz Bokhari Sahib has written to me again that he wants to continue discussion about the topic in the title. Some of the initial exchanges between some members were done via email but most TF subscribers should have received those exchanges. So Bokhari Sahib, this is in some more detail the point I have been making.

Some of you have seen recent discussion going on the TF mailing list re. the International Monetary Fund (IMF) and the World Bank vis a vis Third World countries. The original article’s premise was that the above two institutions were essentially blood suckers making poor countries poorer while those poor countries were faultless victims. I did not challenge the premise that those institutions (IMF &WB and their investors) care only for their profit and not for the well being of the citizens of those poor countries. The only thing I challenged is the fact that the underdeveloped countries were made out to be faultless victims.
As a result I was asked by some to read some articles that would enlighten me. At the time I refused to read those articles because I didn’t think you could acquire commonsense by reading an article and I feel commonsense is all you need to come to the conclusion I came to. Fayyaz,Nasik and Babar Sahibs actually did – and put it in writing. But over the long weekend I had a few hours to kill and to satisfy my own curiosity I decided to do my own research on the subject. I have attached links to a few articles and to be objective I have purposely chosen articles that are highly critical of the IMF and the WB but read carefully and you’ll see that those countries were not faultless. I’ll make it easier by giving you the exact location of the lines that will prove my point.
As you can see this article is highly critical of IMF & WB but scroll down to section “How do countries get into financial trouble, the Debt Crisis” and read the third line down in the second paragraph. Corrupt and inept leaders is why the countries are poor in the first place; getting loans to fill their own pockets makes things worse. And what is a bank supposed to do when a country fails to pay back? you certainly don’t expect them to say “please consider that loan as charity, we have enough money”.
This article is even more critical of IMF & WB but go to paragraph nine and read some of the lines.
Both these authors  seem to write pages and pages about how evil the banks are (and I am not even denying that) but  very casually glide over the ineptness of the poor countries’ leaders as if it was a very, very minor cause of poor countries getting poorer. I  think the leaders of those countries are AT LEAST half the problem
Shoeb

India-nuclear-for-china-not-pakistan/

Subject: A visitor of ValueWalk shared an article with you.

I read this article and found it very interesting, thought you 
would enjoy. The article is called India Targeted China With Nuclear Program, Not Pakistan and is located at
http://www.valuewalk.com/2015/08/india-nuclear-for-china-not-pakistan/

It is an different slant on the conventional views about the regionand worth a read.
Editor

 

The Myth of Arab Spring

I have post my new article “The Myth of Arab Spring and Liberal Democracy” on my page at:      academia.edu       https://independent.academia.edu/MirzaAshraf

Abstract of the Article:

The term “Arab Spring” was popularized, perhaps invented, by the Western media in early 2011, when the successful uprising against unsavory strongmen like, Ben Ali of Tunisia and Hosni Mubarak of Egypt, brought down the dictators. It emboldened similar anti-government protests in some other Arab countries, while a wave of terrorism and bloody offensive from Pakistan to the shores of Mediterranean was ravaging the Muslim lands. It was, basically, a series of anti-government protests, uprisings and rebellions, spread across the Middle East rather than a struggle for the rule of the liberal democracy in the Arab lands. Its purpose, relative success, and outcome remain hotly disputed among foreign observers and world powers, looking to exploit the changing political scenario of the Middle East. But the events in the Middle East went in a less straightforward direction. Egypt and Tunisia entered an uncertain transition period;  Syria, Libya, and Yemen are drawn into a civil conflict, while the wealthy monarchies in the Persian Gulf remain largely unshaken by the events. Use of the term Arab Spring is today viewed as a myth or an inaccurate and simplistic movement that disappeared just as the spring gone without flowering. It has, however, left behind a big question: Is the Arab World going to be revisited by a real “Arab Spring” or is the challenge of “Islamic Khilafat” going to end its prospects of democratic modernity?

For all the manifest corruption, for all the scandal of flaunted riches and abused power, the heart of Islam still beats strongly. Is there a possibility that the Arabs should not emphasize that religion is far above politics, or at least in the beginning stage of a nation’s political order “one serves as an instrument of the other.” The Arabs can find a way to liberal democracy by following what the renowned America poet Walt Whitman reflected about liberal democracy in USA: “For I say at the core of democracy, finally, is the religious element. All the religions, old and new, are there.” The concept of “Twin Tolerations”—the minimal boundaries of freedom of action that must somehow be crafted for political institutions vis-a-vis religious authorities, and for religious individuals and groups vis-a-vis political institutions, intertwining liberal democracy with the belief of the religious oriented masses—can help the political leaders indigenize initially a form of theo-liberal-democracy based on the Islamic concept of  “rights of the people are more venerable than the rights of God.” The real problem with the Arabs and the Muslims in general is that for the believers religion supersedes politics, while the modernists seek liberal democracy free from the shackles of religion. However, there exists a symbiotic relationship between a religious adaptation and the liberal-democratic formation.—— Mirza Ashraf.

 

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Tutu to Israelis: Free yourselves

From: Ricken Patel – Avaaz.org <avaaz@avaaz.org>
Date: Wed, Aug 20, 2014 at 4:13 PM
Subject: Tutu to Israelis: Free yourselves
To: nasikelahi

Dear friends,

This is the first time an opinion piece has gone out to our community, but this one’s historic.

Archbishop Desmond Tutu has just published a powerful call to conscience in an Israeli newspaper. In it, the Nobel Laureate and anti-apartheid legend stands with 1.7 million of us in calling on companies to boycott and divest from the Israeli occupation and repression of Palestine. His love shines through, as he urges Israelis (87% of whom supported the Gaza bombing) to liberate *themselves* from this terrible status quo. It’s a must-read:

His Op-Ed is here (free registration may be needed, or try this other link).

The piece is exclusively published in an Israeli newspaper, but it’s a powerful legitimizer of what some governments still see as a controversial position, and the rest of the world needs to see it. The only way that will happen is through people sharing it. Let’s share it with everyone!

This campaign is gathering real pace. Russell Brand has recorded this video backing our campaign, and the companies we’re targeting are starting to reach out to the Avaaz team and ask for meetings. Avaazers in the UK are campaigning to end arms sales to Israel as the government there initiates a review. And shockingly, even the US government cancelled a shipment of hellfire missiles to Israel!

The pressure is working – so let’s keep it up! If you haven’t yet, sign the petition here. Or click here to keep sending messages to our target companies. Let’s make sure they don’t think they can ride this out. And if you have a local campaign you could start to ensure that your town, or university, or community divests from the repression of Palestinians, start your own campaign here.

It’s a tremendous thing for us to once again stand alongside Archbishop Tutu – one of our truly great non-violent leaders. Because in a world torn apart by extremists who successfully demonise the ‘other’, non-violent strength is transformative – the strength to be firm, even tough, in standing up for justice, but out of a love for all people that refuses to fall victim to the fear and ignorance that is our universal enemy. A love that recognises that all our fates, and freedom, are intertwined. That’s the precious spirit that our greatest leaders, from Gandhi to Tutu, have taught us, and that our community strives to live up to with each and every campaign.

With hope,

Ricken, Alex, Fadi, Jeremy, Ana Sofia, Ari and the rest of the Avaaz team

PS – This campaign is about creating the conditions for a lasting peace between Israel and Palestine, and safe homes for Jews and Palestinians alike. Both anti-semitism and racism against Palestinians, like all hatred, are grotesque and should be fought. At the end of day, it is extremists on both sides that work together to threaten a peaceful future, and our work is to bring reasonable people together from all sides to take the action needed to save both Israel and Palestine. If anyone feels this campaign is one-sided, please check the Avaaz team’s response and explanation here.

Avaaz.org is a 38-million-person global campaign network that works to ensure that the views and values of the world’s people shape global decision-making. (“Avaaz” means “voice” or “song” in many languages.) Avaaz members live in every nation of the world; our team is spread across 18 countries on 6 continents and operates in 17 languages. Learn about some of Avaaz’s biggest campaigns here, or follow us on Facebook or Twitter.

To ensure that Avaaz messages reach your inbox, please add avaaz@avaaz.org to your address book. To change your email address, language settings, or other personal information, contact us, or simply go here to unsubscribe.

To contact Avaaz, please do not reply to this email. Instead, write to us at www.avaaz.org/en/contact or call us at +1-888-922-8229 (US).

Note from Nasik Elahi:

Bishop Tutu has directed his remarks to the Israelis in an Israeli newspaper but his remarkably ethical statements carry the same import for all countries, particularly in the Islamic world.