To understand an ideology one has to understand the power behind it. The existing power base is shifting from industrial to financial capital. As finance defines the power base , it promotes the ideology that makes financial capital respectable and desirable. For every conceptual framework there is a particular and consistent ethical framework. The Western scientific rational conceptual framework is a justification for the use of power that dominates women, people of color and nature.
Market system involves economic exploitation and corruption in an essential way.
The economics text books rarely talk about social problems such as poverty, arms race, polluted environment, breakdown of the family, violence in streets and homes. It is worth examining the images with their hidden but compulsive norms, the Bank-Fund have selected to promote its interests. Not only is it asserted that their actions and policies are desirable, it is also asserted that these are the only panacea for all economic ills. Prime Minister Rao's minority Government needed and recognized the usefulness of ideology to maintain and further its hold. It needed support and had no difficulty in looking for it outside the country and accepting IMF conditionality in exchange.