See Frederick Clairmonte and John Cavanagh, 'Third World debt crisis threatens ... financial systems' in IFDA dossier (No. 59, 1987 (Nyon)).
2.
French economist François Partant, in his La guerilla économique: les conditions du développement (Paris, 1976),
3.
sees a withdrawal from the system shaped by the elites of the centre as a prerequisite to real progress in the Third World; the major agents of this break would be the exploited masses; the major barriers the Europocentric elite groups and the State which 'is incompatible with development', p.20. (See his chapters IV, VIII and Conclusion.)
4.
For one different solution, see Shiraz Kassam, 'Capital flight: how Third World elites bleed their own countries white' in IFDA Dossier (No. 61, 1987). Kassam suggests 'coercive mobihsation' of privately owned foreign assets for debt servicing. And 170 years ago Shelley, writing on Britain's national debt, commented that 'the interest is chiefly paid by those who had no hand in the borrowing'. He saw clearly that such debts were contracted, not by the whole nation, but by 'the whole mass of the privileged classes towards one particular portion of those classes' and that, thus, 'it would be the nch who alone could, as justly they ought to pay it' ('A philosophical view of reform' (ch. 2) in
5.
The Complete Works of Shelley, Vol VII (London, 1965)).
6.
F.E. Trainer, Abandon Affluence! (London, 1985).
7.
Rudolf Bahro comments that 'the existing world order impoverishes half of humanity, forces whole nations below the basic subsistence level and everywhere smothers local cultures'. He believes that 'the possibilities for the expansion of capital, simply in the material dimension, are now really limited. As capital hits the limits of the earth, accumulation is becoming visibly fatal' (Building the Green Movement (London, 1986)).
