IMFism
The ideological stance associated with the International Monetary Fund, positioned as the opposite of National Bolshevism. IMFism champions fiscal austerity, privatization, deregulation, and structural adjustment as the remedy for economic crises, particularly in developing nations. It prioritizes repayment of debt and integration into global financial markets over social welfare or national economic sovereignty. National Bolshevism, by contrast, emphasizes state control of industry, nationalist economic planning, and rejection of foreign financial domination. IMFism has been widely criticized for imposing harsh conditions that deepen poverty and inequality, leading to the term “IMFism” as a pejorative for neoliberal orthodoxy imposed from above.
Example: “The government’s austerity package—cutting healthcare and raising retirement ages—was classic IMFism, enacted despite popular opposition because the loan agreement demanded it.”
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