[Marxism] Wolfowitz at the World Bank: An Empire without a Global Economic Policy?

Yoshie Furuhashi furuhashi.1 at osu.edu
Thu Mar 17 15:15:17 MST 2005

"Wolfowitz at the World Bank: An Empire without a Global Economic 
Policy?" (A momentum to break open debtors' prisons that the 
Washington Consensus built in the global south has been building up, 
demonstrated by Argentina's ability to compel 75% of its creditors to 
accept 35 cents on the dollar.  The nomination of Paul Wolfowitz for 
WB presidency can only invigorate the global justice movement, which 
will have an inviting target at the IMF and the WB's 2005 Spring 
Meetings on April 16-17 and their 2005 Annual Meetings on September 
26-27 -- both in Washington D.C.  At the same time, the Wolfowitz 
nomination, like John Snow's performance, underscores the empire's 
lack of global economic policy.   To be sure, there is no lack of 
clarity in the domestic business agenda, but all elements of the 
domestic agenda [the class action "reform," the bankruptcy "reform," 
the medical malpractice liability "reform," tax cuts, Social Security 
privatization, etc.] either do nothing to defuse or make bigger 
ticking economic time bombs -- the ballooning housing bubble, 
mounting consumer debts, the credit bubble, the widening current 
account deficit, rising oil prices, the falling dollar, and so on -- 
that may go off any time. ) -- FULL TEXT: 


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