IMF Warns of Global Economic Turmoil: Too Little Too Late

Marxists are often rightly accused of being the boy who cried wolf. After a while people stop listening. But here is a dire prediction from an organization that can’t be called anything but centrist. This analysis is a great example of what psychologists call “cognitive compartmentalization”. The very organization whose policies have produced the world economic crisis talks about the capitalist crisis as if they had nothing to do with it.

Read more in The Guardian

Photograph: IMF via Getty Images

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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