Sunday, April 29, 2007

"When Yeltsin left office, his family had become inexplicably wealthy ...", Naomi Klein "The Guardian", 27.4.07. Not really inexplicable, but - you know - English libel law.

Ms. Klein's article, "The World Bank has the perfect standard bearer", is about the hypocrisy of that organisation and its media claque in attacking Wolfman Paul and his idea of "good governance". I quote further:
"The truth is that the bank's credibility was fatally compromised when it forced school fees on students in Ghana in exchange for a loan; when it demanded that Tanzania privatise its water system; when it made telecom privatisation a condition of aid for Hurricane Mitch; when it demanded labour "flexibility" in Sri Lanka in the aftermath of the Asian tsunami; when it pushed for eliminating food subsidies in post-invasion Iraq. Ecuadoreans care little about Wolfowitz's girlfriend; more pressing is that in 2005 the World Bank withheld a promised $100m after the country dared to spend a portion of its oil revenues on health and education. Some anti-poverty organisation."
The World Bank is a creator of poverty on a mass scale. It makes a few politicians rich by bribing them to attack their own people's living standards. It encourages them, coerces them if necessary, to dismantle all welfare structures, and to wage war on organised workers. According to Joseph Stiglitz, former Chief Economist to the World Bank, "The new global order has condemned people to death. They don't care if people live or die". That's the global order as advanced by the World Bank, the World Trade Organisation, the United Nations as an instrument of US foreign policy, and the G8; insofar as any of these organisations can be said to exist independently of the others.

www.nologo.org
www.globalissues.org

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