SOCIALISM THEN AND NOW, HERE AND THERE | EL SOCIALISMO ANTES Y AHORA, AQUÍ Y ALLÁ

By Oscar Antezana Malpartida

Would Lenin have approved of the IMF? A simplistic answer to the question is: No. The International Monetary Fund’s purpose is to preserve the international financial system and, for that, national economies’ finances must also remain in a certain balance. In that sense, any socialist should disapprove of the IMF. But it seems that is not the case.

Most of the criticism directed at the IMF stems from a lack of understanding of its central mission, which is so simple that any high school student can understand it: to keep public spending and debt under control (not spending more than you have and/or being able to pay back) in a way that generates macroeconomic/financial stability, and, if debt is incurred, ensuring payment of what was initially spent.

In a 1922 speech before the 11th Congress of the Russian Communist Party (Bolsheviks), Lenin emphasized the need for fiscal responsibility, discipline, and orderly international trade: “We are going to Genoa [a conference on Europe’s post-war reconstruction, a failed Bretton Woods] as traders to obtain the most favorable conditions to promote the trade that has begun, that is being carried out, and which, even if someone managed to interrupt it by force for a time, would inevitably continue developing after the interruption. We must begin learning [economic management] from scratch. If we realize this, we will pass our test; and the test imposed by the impending financial crisis is serious: the test imposed by the Russian and international market to which we are subordinate, with which we are connected, and from which we cannot isolate ourselves.”

If the world had turned Leninist and Lenin had encountered the IMF, would he have adopted it entirely as it is, and would the Fund have played exactly the same role it has for the last eighty years? That role is, at once, ideologically neutral and non-neutral. It is neutral because its mission, mentioned above, represents the discipline that must exist in any coherently organized system of government. It seems that Lenin, an old advocate of discipline and order (the son of a school inspector), would have loved the IMF. It would serve his purposes: discipline and order in governmental management.

But the IMF’s role can be perceived as non-ideologically neutral because the global economic context is capitalist. It is hard to say whether the IMF would have been located in Washington D.C. because Lenin never thought much beyond Eurasia. But if the Fund were ever relocated to Beijing, it would remain the same because it fulfills the role that countries and the world need.

However, this issue as simple as not spending more than you have was forgotten starting with Stalin, who, for one, was a born oppressor. The public sector suffered chronic elephantiasis until the Soviet Union collapsed in 1991. The main cause of this excessive growth was the arms race. The United States could finance its military buildup because its economy was growing, generating higher tax revenues. The Soviet Union could not because its socialist economic system collapsed; its economy did not grow. Any public financing had a limited ceiling due to its poor revenues and inefficiency (corruption and disorder).

I don’t know what part of “you can’t spend more than you have” socialists fail to understand. Even a primary school child gets it. Certainly, in many countries of this nature, their leaders are poorly educated and incompetent. But no, they are not as dumb as they seem. They are not interested in arithmetic or discipline.

Socialists have always pursued—and continue to pursue—power and a life of luxury at the expense of the people. Lenin, Stalin, Castro, Putin, Chávez, Maduro, the Kirchners, Ortega and Murillo, Evo, and Tilín are just a few examples. They lead mafias composed of politicians, businessmen, criminals, artists, and anyone unscrupulous enough to help them stay in power. To that end, they discard laws or create them to suit their purposes (sometimes even this is insufficient because they underestimate their greed), resort to force and repression, and silence voices by suppressing freedom of expression.

On second thought, maybe Lenin would not have agreed. Lenin ruled for barely six years and a bit more (1917–1924). Perhaps at that 1922 Congress, he had not yet perceived the inefficiency of the socialist system (Marx’s ideology, who died in 1883, had yet to be put into practice) and, eventually, the pressure on public finances from the arms race, particularly after World War II. Everything began to clarify with Stalin’s assumption of power, where he and the People’s Commissars (now equivalent to the Politburo) became obsessed with power and control (not public finances). All of this is familiar to Bolivians since 2006.

According to the Spanish Language Dictionary, socialism is a “system of social and economic organization based on collective and state ownership and management of the means of production and distribution of goods.” But I would say that socialism is a mafia designed to generate poverty in nations and cling to power. This has been proven before and now, here and there.

Therefore, we must never vote for socialism again; it must be buried. Let us not lose this opportunity in the upcoming elections. “The left prefers to reign in hell than to serve in heaven” (Javier Milei, President of Argentina).

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