breaking free of the IMF...

The International Monetary Fund (IMF) is a wonderful, benevolent monetary outreach program designed to help the developing world, right?

Bzzzzzzt. "Wrong!" says a whole gaggle of Latin American countries...

The motivation for cutting ties (with the IMF) has been explicitly political. The Latin American electorate is fed up with policies like privatization and curtailed social spending; these policies, hallmarks of IMF "neoliberalism," have hit the countries' poor majorities hardest.

Excerpted from Latin America Unchained - by Mark Engler

And a big Hooray for Hugo Chavez.

(Inspired by a blog post by Antony Loewenstein)