posted on Apr, 27 2009 @ 07:43 AM
The FED.,The IMF.,and the World Bank can take the claim of putting the skrews to All business (corporate or not) and all Governments in any
Created after World War II to help avoid Great Depression-like economic disasters, the World Bank and the IMF are the world's largest public
When the Bank and the Fund lend money to debtor countries, the money comes with strings attached.
These strings come in the form of policy prescriptions called "structural adjustment policies." These policies—or SAPs, as they are sometimes
called—require debtor governments to open their economies to penetration by foreign corporations, allowing access to the country's workers and
environment at bargain basement prices.
Structural adjustment policies mean across-the-board privatization of public utilities and publicly owned industries. They mean the slashing of
government budgets, leading to cutbacks in spending on health care and education. They mean focusing resources on growing export crops for industrial
countries rather than supporting family farms and growing food for local communities. And, as their imposition in country after country in Latin
America, Africa, and Asia has shown, they lead to deeper inequality and environmental destruction.