Friday, 27 April 2007

World Bank - Klein Demolishes

Naomi Klein has written an excellent article in which she demolishes the credibility of the World Bank.

Normally I’ll précis the article and add my comments on the line taking by the author. Not today. I append 2 paragraphs (below) which outline the article.

It's not the act itself, it's the hypocrisy. That's the line on Paul Wolfowitz coming from editorial pages around the world. It's neither: not the act (the way he disregarded the rules to get his girlfriend a pay rise); and not the hypocrisy (the fact that Wolfowitz's mission as World Bank president is fighting for "good governance").

First, let's dispense with the supposed hypocrisy problem. "Who wants to be lectured on corruption by someone telling them to 'Do as I say, not as I do'?" asked one journalist. No one, of course. But that's a pretty good description of the game of one-way strip poker that is our global trade system, in which the United States and Europe - via the World Bank, the International Monetary Fund and the World Trade Organisation - tell the developing world: "You take down your trade barriers and we'll keep ours up." From farm subsidies to the Dubai Ports World scandal, hypocrisy is our economic order's guiding principle.

You should read the article.

Please read the article!

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