February 21, 2006

The Neo-Con New World Order

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First they captured the United States by stealing the Presidency. Then they sent a henchman (Bolton) to the United Nations to undermine that institution, and reform it as a U.S. tool. Then they captured the World Bank with the appointment of Paul Wolfowitz as President of the Bank. Other than the U.S. control, the World Bank is one of the largest coups. It has taken almost as little time for Wolfowitz to begin the Bank transformation in the manner that has worked so well for the Bush cabal -namely, cronyism, changing procedures, and lying.

The neo-liberal push for privatization of the Bank has been joined by the neo-conservative desire for the same end. Hence, the moves under Wolfowitz, to place lending under private capital while maintaining the Bank as an instrument to ensure private capital's "risks" are covered (Chee Khoon, 2/20/06). In other words, creating a virtually risk free environment for ongoing economic colonization of already disadvantaged nations.

Wolfowitz, continuing the pattern of cronyism, has raised the ire of World Bank staff through his appointment of Republican party loyalists to positions at the Bank (for appointment details see Wolfowitz Watch). The concerns of those at the WB are a repeat of the U.S experience, and the driving of the Bank in the same direction. Of course, it could also be the planned incompetency plan aimed at bilking the Bank - much as the US treasury has been bilked - while lining the same pockets of neo-con corporate partners. Given that Wolfowitz has also declared an Wolfowitz 'to target corruption'" title="BBC, 2/07/06">anti-corruption campaign by withholding funds from scandal ridden areas (such as Kenya and Chad), as well as addressing issues within the Bank. If this is modeled on the Bush cabal, it should be read as a free ride for corrupting forces.

OK, call me a pessimist.


1/25/06, Financial Tames, Wolfowitz urged to use normal job procedures

2/08/06 Wa. Post, Wolfowitz Packing World Bank With Cronies


Posted by rowan at February 21, 2006 05:58 AM | Printable Version | [eMail this article!] |
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Crd Lorraine Denicourt