CLAUDIA ROSETT writes: > When Turkey
borrowed its way into financial crisis in 1999 and came to Washington
for help, the first mistake was to start supplying subsidies
immediately. Had the U.S. left Turkey's politicians to sort out their
own financial mess, the Turks would have had much keener incentives to
work out their own routes to reform, routes perhaps less painful for the
electorate. <
but the U.S. doesn't want Turkey's politicians to sort out their own financial mess. Instead they want a cookie-cutter IMF solution that wrecks the debtor economy, opens markets for US business, etc. It doesn't care about the Turkish electorate either. Maybe it's in the long-term interest of the capitalist class to follow different policies, but capitalism has always tended to sink its own boat.
Jim
