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| "'''Enough Is Enough'''" is a 100-page resignation letter written by Davison L. Budhoo, an economist from ]. Budhoo served as a senior economist at the ] (IMF) for 12 years until May 1988.<ref name="Danaher1994">{{cite book|url=https://books.google.com/books?id=XK6Egbw4-PcC&pg=PA20|title=50 Years is Enough: The Case Against the World Bank and the International Monetary Fund|author=Kevin Danaher|publisher=South End Press|year=1994|isbn=978-0-89608-495-7|pages=20–}}</ref> His public resignation letter was sent to ], the then managing directory of the IMF.<ref>{{cite web|url=http://www.larouchepub.com/eiw/public/1990/eirv17n17-19900420/eirv17n17-19900420_013-budhoo_to_organize_to_halt_imf_c.pdf|format=PDF|title=Budhoo to organize to halt IMF crimes|author=Ronald Kokinda|work=EIR (Executive Intelligence Review)|volume= 17 |number= 17 |date= 20 April 1990|website=|accessdate=11 June 2018}}</ref> The letter accused the IMF of extensive and systematic statistical fraud, which was then used to impose policies on developing countries.<ref name="countercurrents">{{cite web|url=https://countercurrents.org/2016/07/31/enough-is-not-enough-is-kerala-poised-for-social-darwinism/|title=Enough Is ‘Not’ Enough: Is Kerala Poised For Social Darwinism? |author= K. M. Seethi|work= Countercurrents|date=31 July 2016|website=|accessdate=11 June 2018}}</ref> Budhoo claimed that the consequences of these policies led to massive poverty and starvation.<ref name="countercurrents" /> The letter resulted in two studies commissioned by the government of Trinidad and Tobago which confirmed his accusations.<ref>The Shock Doctrine, Naomi Klein, p262</ref> The Canadian author ] reported on the letter in her 2007 book, '']''.<ref name="skwakbox">{{cite web|url=https://skwawkbox.org/2012/08/27/proven-imf-brings-down-economies-intentionally/|title=Proven: IMF brings down economies intentionally|date=27 August 2012|website=Skwawkbox.org|accessdate=11 June 2018}}</ref> | "'''Enough Is Enough'''" is a 100-page resignation letter written by Davison L. Budhoo, an economist from ]. Budhoo served as a senior economist at the ] (IMF) for 12 years until May 1988.<ref name="Danaher1994">{{cite book|url=https://books.google.com/books?id=XK6Egbw4-PcC&pg=PA20|title=50 Years is Enough: The Case Against the World Bank and the International Monetary Fund|author=Kevin Danaher|publisher=South End Press|year=1994|isbn=978-0-89608-495-7|pages=20–}}</ref> His public resignation letter was sent to ], the then managing directory of the IMF.<ref>{{cite web|url=http://www.larouchepub.com/eiw/public/1990/eirv17n17-19900420/eirv17n17-19900420_013-budhoo_to_organize_to_halt_imf_c.pdf|format=PDF|title=Budhoo to organize to halt IMF crimes|author=Ronald Kokinda|work=EIR (Executive Intelligence Review)|volume= 17 |number= 17 |date= 20 April 1990|website=|accessdate=11 June 2018}}</ref> The letter accused the IMF of extensive and systematic statistical fraud, which was then used to impose policies on developing countries.<ref name="countercurrents">{{cite web|url=https://countercurrents.org/2016/07/31/enough-is-not-enough-is-kerala-poised-for-social-darwinism/|title=Enough Is ‘Not’ Enough: Is Kerala Poised For Social Darwinism? |author= K. M. Seethi|work= Countercurrents|date=31 July 2016|website=|accessdate=11 June 2018}}</ref> Budhoo claimed that the consequences of these policies led to massive poverty and starvation.<ref name="countercurrents" /> The letter resulted in two studies commissioned by the government of Trinidad and Tobago (which had had its credit rating hit due to the false statistics forcing it to seek help from the IMF) that confirmed his accusations.<ref>The Shock Doctrine, Naomi Klein, p262</ref> The Canadian author ] reported on the letter in her 2007 book, '']''.<ref name="skwakbox">{{cite web|url=https://skwawkbox.org/2012/08/27/proven-imf-brings-down-economies-intentionally/|title=Proven: IMF brings down economies intentionally|date=27 August 2012|website=Skwawkbox.org|accessdate=11 June 2018}}</ref> | ||
| == References == | == References == | ||
Revision as of 20:58, 17 February 2019
"Enough Is Enough" is a 100-page resignation letter written by Davison L. Budhoo, an economist from Grenada. Budhoo served as a senior economist at the International Monetary Fund (IMF) for 12 years until May 1988. His public resignation letter was sent to Michel Camdessus, the then managing directory of the IMF. The letter accused the IMF of extensive and systematic statistical fraud, which was then used to impose policies on developing countries. Budhoo claimed that the consequences of these policies led to massive poverty and starvation. The letter resulted in two studies commissioned by the government of Trinidad and Tobago (which had had its credit rating hit due to the false statistics forcing it to seek help from the IMF) that confirmed his accusations. The Canadian author Naomi Klein reported on the letter in her 2007 book, The Shock Doctrine.
References
- Kevin Danaher (1994). 50 Years is Enough: The Case Against the World Bank and the International Monetary Fund. South End Press. pp. 20–. ISBN 978-0-89608-495-7.
- Ronald Kokinda (20 April 1990). "Budhoo to organize to halt IMF crimes" (PDF). EIR (Executive Intelligence Review). Retrieved 11 June 2018.
- ^ K. M. Seethi (31 July 2016). "Enough Is 'Not' Enough: Is Kerala Poised For Social Darwinism?". Countercurrents. Retrieved 11 June 2018.
- The Shock Doctrine, Naomi Klein, p262
- "Proven: IMF brings down economies intentionally". Skwawkbox.org. 27 August 2012. Retrieved 11 June 2018.
External links
- Budhoo's original letter, "Enough Is Enough"
- An interview with Budhoo about the resignation letter
- Article summarizing Budhoo's resignation letter
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