EXPORTING POVERTY - Here's a fact that we all need to consider, as we look at wassup with the world economy and globalization: over the last eight years, the rate of poverty among the population of Russia has gone from 2% to 50%. Thank you, International Monetary Fund (IMF.)
Let's put the blame where the blame belongs, Homies. The IMF has administered Russia's so-called transition to capitalism. What's been the result:
- Russian generals making nuclear materials available to what we might call terrorist groups and countries, if we believe everything the US government tells us;
- a new black market on just about everything controlled by a resurgent Russian mafia;
- long bread lines;
- Communist hardliners regaining power in government;
- massive poverty and instability.
Yo! IMF, you're doing one helluva job! And you keep doing it behind closed doors, without any public scrutiny, just like you likes it.
Over at the United States Public Broadcasting System's (PBS) news site, they managed to bring in some economists and government advisors talking about the flaws in this system. You should take a look.
Now it may be debatable to some of these talking heads, but it sure ain't to us and many of the countries which have been affected.
Would the economic crises in Asia a year and half ago been as bad without both the economic and political meddling of the IMF? We don't think so here at the G21. (Thanks for the economics lecture, Rotney.)
And despite its apologists among this group on The Newshour, we don't think the World Bank doesn't have blood on its hands, either.
The fact is, these institutions need to be accountable to people on the ground and on the street. Actions like those we are supporting this week only help to make that happen, Homeboys and -girls. Stay with us and show your support. This here Internet is the most powerful way in years we have had to make that happen. Amen.
You notice how that old guy, Meltzer, from Carnegie Mellon almost got shouted down when he mentioned that damned-near 50% of World Bank programs can be considered FAILURES by the standards the World Bank has set itself? I hope you did. This is the kind of stuff we should be considering, ya'll, as we look at the future of our world.
'Cause here's the bottom-line: WE NEED TO TAKE COMMON CAUSE WITH AVERAGE WORKING FOLKS ALL OVER THE WORLD. THE BIG CORPORATIONS COULD CARE LESS IF YOUR NAME IS JUAN, OR SRINI, OR AHMED, OR JOSEPH WHEN THEY IS CONSIDERING WHO TO EXPLOIT NEXT. ALL THEY CARE ABOUT IS MAKING THEIR MONEY AND GETTING OUT WITH BIG ASS BONUSES.
What that means to me and you is that WE IS ALL IN THIS TOGETHER no matter what our nationality, race or religion. The only way to counterbalance the GLOBAL POWER of these giant multinationals is to GLOBALLY ORGANIZE AGAINST THEM. That is where things like e-mail and Web sites, which bring us together instantly and seamlessly, mean so much. If I learned one thing from being part of this here World's Magazine, that is it.
As is said on the "Memoirs of the Information Age" page here: Take the Risk of Involvement.
Peace out!
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