If the United States or the French or the British intervened into countries of the Third World, this was for freedom; the Soviets and the Third World… - Vijay Prashad

For the past 40 years, the IMF has had the same agenda: to make sure that developing countries adhere to the rules of globalization set by the advanced capitalist states... Over these four decades, fires have burned on the streets of the countries that have gone to the IMF and then forced austerity upon their populations. In the 1980s, these uprisings used to be called “IMF riots.” It was clear to everyone that the IMF’s policies had provoked desperate people to take to the streets. The name given to these riots was precise. The emphasis had to be on the IMF and not on the riots themselves. The most famous of these riots took place in Venezuela—the Caracazo of 1989—which opened up a process that brought Hugo Chavez to power and that created the Bolivarian Revolution. It is reasonable to call the Arab Spring of 2011 an IMF riot because it was provoked by IMF austerity policies combined with rising food prices. The current unrest from Pakistan to Ecuador should be filed under IMF riot... The main lesson of these uprisings is not only that the people want fuel subsidies or a stable currency; what they want more than anything is democratic control over their own economy.

Bolivia’s key reserves are in lithium, which is essential for the electric car. Bolivia claims to have 70 percent of the world’s lithium reserves... Morales made it clear that any development of the lithium had to be done with Bolivia’s Comibol—its national mining company—and Yacimientos de Litio Bolivianos (YLB)—its national lithium company—as equal partners... Tesla (United States) and Pure Energy Minerals (Canada) both showed great interest in having a direct stake in Bolivian lithium. But they could not make a deal that would take into consideration the parameters set by the Morales government. Morales himself was a direct impediment to the takeover of the lithium fields by the non-Chinese transnational firms. He had to go.

The list of "accidents" is long and painful. In April 2005, a garment factory in Savar collapsed, killing seventy-five workers. In February 2006, another factory collapsed in Dhaka, killing eighteen. In June 2010, a building collapsed in Dhaka, killing twenty-five. These are the “factories” of twenty-first century globalization – poorly built shelters for a production process geared toward long working days, third rate machines, and workers whose own lives are submitted to the imperatives of just-in-time production. Writing about the factory regime in England during the nineteenth century, Karl Marx noted, "But in its blind unrestrainable passion, its wear-wolf hunger for surplus labour, capital oversteps not only the moral, but even the merely physical maximum bounds of the working-day. It usurps the time for growth, development and healthy maintenance of the body. It steals the time required for the consumption of fresh air and sunlight…. All that concerns it is simply and solely the maximum of labour-power that can be rendered fluent in a working-day. It attains this end by shortening the extent of the labourer’s life, as a greedy farmer snatches increased produce from the soil by reducing it of its fertility" (Capital, Chapter 10).