Post 9/11 & Int’l Financial Institutions
International financial instituations in the Post 9/11 era have have economically effected almost every third-world country throughout the world. These private sector investment corporations have excercised its power and manipulative strategies even more in this War on Terror. Bush, in the National Security Strategy gives the IMF and World Bank increasing power in the following aritcle.
“The IMF already crudely imposes extreme hardship on the vast majority of people in the countries where it intervenes. Bush wants the IMF and World Bank to continue to enforce free market trade to these countries. Chapter VI of that document is entitled “Ignite a New Era of Global Economic Growth through Free Markets and Free Trade.” And the IMF, which has been especially brutal, needs to be more so, the document suggests: “If crises occur, the IMF’s response must reinforce each country’s responsibility for its own economic choices. A refocused IMF will strengthen market institutions and market discipline over financial decisions.” It extorts policy changes—like removing subsidies on such basic items as food and fuel—that virtually overnight slash people’s living standards, all in the name of “market discipline.” (www.commondreams.org)
“Structural Adjustment [demanded by the IMF] is best summed up in four words: earn more, spend less. While such advice might be valid if it were given to only a few countries at once, dozens of debtors are now attempting to earn more by exporting whatever they have at hand; particularly natural resources including minerals, tropical crops, timber, meat and fish. With so many jostling for a share of limited world markets, prices plummet, forcing governments to seek ever-higher levels of exports in a desperate attempt to keep their hard currency revenues stable. The “export-led growth” model on which the fund and the World Bank insist is a purely extractive one involving more the “mining” than the management—much less conservation—of resources.17
“Countries without the industries to produce for themselves are far underpaid for their resources and labor. A share of what is earned is intercepted and diverted by corrupt managers, the developing world must borrow to survive, and their debts grow ever bigger. ” (www.ied.info/books/cc/financialwarfare)
In summary, is it right to have these organizations with every government tie in the world to continue to force third world countries to open up free marketing? Is it possible to believe that Bush is in every way making the U.S. an anarchical nation over the world along with other developed and industrialized countries like China, Great Britain, Switzerland, etc.? It is very possible and from countless evidence it appears to be exactly what is occuring behind closed doors.
