I am currently watching the documentary "the Corporation", and in it I've found a piece that sums up a horrible case of privatization that the World Bank continually inflicts on the developing world. This case is from Bolivia:
This is exactly how the World Bank and the International Monetary Fund, which are both run by the US, impose a neo-liberal agenda on developing nations that have fallen into debt. Money is lent with conditions of privatizing certain resources or markets, which are then invaded by multinational corporations, many times with dire consequences for the local populace, as in this case. More often than not, the governments of these countries are corrupt dictatorships that are supported directly or indirectly by the US.
The current target for this is Greece, which is in such bad financial shape that the Eurozone and IMF is imposing such crippling requirements on the Greek people for a bailout that the future generations will surely be financially crippled, such as a 22% cut in the minimum wage, reduction in pensions, raising the retirement age, and reduction of seniors benefits. And the requirement that proves the point of this post: a $50 billion target for proceeds from the sale of public ports, airports, roads, and energy infrastructure. Who's to say what's next?
This is exactly how the World Bank and the International Monetary Fund, which are both run by the US, impose a neo-liberal agenda on developing nations that have fallen into debt. Money is lent with conditions of privatizing certain resources or markets, which are then invaded by multinational corporations, many times with dire consequences for the local populace, as in this case. More often than not, the governments of these countries are corrupt dictatorships that are supported directly or indirectly by the US.
The current target for this is Greece, which is in such bad financial shape that the Eurozone and IMF is imposing such crippling requirements on the Greek people for a bailout that the future generations will surely be financially crippled, such as a 22% cut in the minimum wage, reduction in pensions, raising the retirement age, and reduction of seniors benefits. And the requirement that proves the point of this post: a $50 billion target for proceeds from the sale of public ports, airports, roads, and energy infrastructure. Who's to say what's next?
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