Exporting the crisis to the Third World

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THE economic crisis of US capitalism stands behind Reagan's attacks on the American working class. But But US Federal Reserve board chief Paul Volcker it also drives forward the aggressive role of US imper- came out of the group of ten meeting happily declarialișm on a world scale, and is forcing new burdens of ing that "There is pretty much unanimity that poverty and oppression upon the masses in the "Third Non-oil producing Third World countries face a combined balance of payments deficit with the Last week saw a closed conference of financial imperialist nations in excess of $100 million next year chiefs of the world's ten richest capitalist countries - forcing workers and small farmers into growing conform to the proposition from the US government poverty and bringing fragile economies to breaking that no steps be taken to alleviate the chronic debts and crisis of the so-called 'developing countries' in For Reagan and Thatcher, however, the monetarList mediçine is for consumption both at home and 24 such countries had called for a $4 billion abroad: and while it has already produced a relapse increase in the IMF's pool of loan capital available to in the British and US economies it could finish off assist them in resolving their increasingly desperate some weaker economies altogether. World' Asia, Latin America and Africa. situation.

nothing will be done."s t point.

JOHN LISTEI at Reagan's for the nations.

R looks policies