Third World First and build the biggest possible action in London The demand for the cancellation of the exists for international suffering amongst the The Group of Seven (G7), repre- debt is one which the whole labour move- ment should take up: yet its lack of inter- then loaned the money out at low in- While Mexican children live in shanty towns, their government the debts cannot be made. The US largely owes itself while the poorest countries are dependent on external - foreign - financial institutions from the High Street banks to the solution in sight for the problem facing capitalism is the growing debt of Eastern Europe. We should already be calling for its When Mexico refused to pay in 1982 Regan took immediate action through the World, a new terest rates and without caution to pays millions in Interest payments Without any Yet the interest rates were floating, and dependent on the economic situation in the westem industrialised nations. When the US pushed up interest rates to pay off its own As a result of this action Washington plunged the world into recession. This had a disasterous effect on the terms of trade for exported to gain foreign currency to pay off dependent developing countries - inequality grew between the the price of raw materials, vested in the western banks - which countries aiming to industrialise. debt servicing through the roof.
Page 29 into the labour movement. In addition, we concern again and crucially provide the The Socialist Movement provides us with opportunities to bring international issues should raise the issue of the debt in all the It is vital that we build a broad based pendence brings, mobilising around the call campaign to demand an end to the misery and death that economic exploitation and de- political explanation for that suffering. for the total cancellation of the debt. IMF and the International Debt Fund. They arranged supplementary loans for Mexico and Argentina in order that they could en- sure American private banks did not go to measures. It was not until 1989 with the Brady plan that the USA actually began to discuss the possibility of some reduction of $180 billion has already been paid back This involved imposing brutal austerity by cutting back on vital imports of technol- ogy and machinery - with disasterous long A legacy of colonialism is that most come and this fall in prices left them without the debt, and the price of goods imported. There was an overall decline in international trade, and 1981-2 saw raw material prices on Third World countries are dependent on one or two primary products for their export in- Our concer must be for the workers and of the dependent developing SOCIALIST OUTLOOK no 28, November 1990 countries, their plight is one which has sig- the foreign currency to service their debts. the world market drop by 15%. peasants
original, artistic and deeply mean- So it might be said that on the couple of flashy ideas, Lynch has to provide a coherent unity in the they are just not "real' enough to David Lynch will be pleased. He it is a politically sound statement made a film which is like a piece stimulating whilst others believe society, the remainder will think peel back the veneer all you find will love it for the repetitive sex wood underneath, but when you All in all that's quite a lot of of formica, smooth and slick on game of buggering around with This will certainly satisfy those aesthetes who find Lynch films of this film is Lynch's inability its art and one or two of course make some of the people think grounds of style, narrative and time, Lynch is playing the old the Hollywood classic movie. reason to exist cinematically: Sailor and Lula have no real and the promise of violence. that the film is intellectually has found a style which can form of the plot. As a result top with the promise of real One thing is for certain; people. However, despite a