By Good News Today Staff
Michel Chossudovsky takes the reader through an examination of how the World Bank and IMF have been the greatest purveyors of poverty around the world, despite their rhetorical claims to the opposite. These institutions, representing the powerful Western nations and the financial interests that dominate them, spread social apartheid around the world, exploiting both the people and the resources of the vast majority of the world’s population.
As Chossudovsky examines in this updated edition, often the programs of these international financial institutions go hand-in-hand with covert military and intelligence operations undertaken by powerful Western nations with an objective to destabilize, control, destroy and dominate nations and people, such as in the cases of Rwanda and Yugoslavia.
To understand what role these international organizations play today, being pushed to the front lines and given unprecedented power and scope as ever before to manage the global economic crisis, one must understand from whence they came. This book provides a detailed, exploratory, readable and multi-faceted examination of these institutions and actors as agents of the ‘New World Order,’ for which they advance the ‘Globalization of Poverty.’
In this expanded edition of Prof. Michel Chossudovsky’s international best-seller, the author outlines the contours of a New World Order which feeds on human poverty and the destruction of the environment, generates social apartheid, encourages racism and ethnic strife and undermines the rights of women. The result as his detailed examples from all parts of the world show so convincingly, is a globalization of poverty.
This book is a skillful combination of lucid explanation and cogently argued critique of the fundamental directions in which our world is moving financially and economically.
In this updated and enlarged edition – which includes ten additional chapters and a new introduction – the author reviews the causes and consequences of famine in Sub-Saharan Africa, the dramatic meltdown of financial markets, the demise of State social programs and the devastation resulting from corporate downsizing and trade liberalization.