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Reply #59: They don't [View All]

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rman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 11:25 AM
Response to Reply #48
59. They don't
Edited on Thu Nov-17-05 11:31 AM by rman
Just look at Venezuela.

(on edit - i should clarify: they don't support neo-liberalism/globalization style "free-trade" - nobody does oppose trade as such. But as should be clear by now: this isn't just any kind of trade.)

Even some people in the World Bank don't - though they don't usually work for there much longer after they've made their opinion known.

"...look we tried to help Bolivia, it went under. We tried to help Brazil, it exploded. We tried to help Indonesia, it was burning in riots. Maybe there's a pattern here."
- Stiglitz, to his bosses at the World Bank (he was fired shorty after)

This while even according to the 2000 IMF "World Outlook" report, results have been less then encouraging; "in recent decades nearly one-fifth of the world population has regressed. This is arguably one of the greatest economic failures of the 20th century."

Can you name even one example of a developing nation where globalization has not been a disaster?

"The only economies that seemed to be doing well were China, Vietnam, Botswana, Venezuela and the United States. What did all five of those economies have in common? All five told the IMF to go to hell and that includes the United States who does not listen to the IMF dictates at all."

Also see Greg Palast's "The Best Democracy Money Can Buy"
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