Log in

View Full Version : Free Trade Helps the Poor!



vox
7th May 2002, 19:10
Sean Gonsalves' latest column notes that there are some similarities between the protesters of globalization (dismissed in the media as economically illeterate goofs) and the CIA and World Bank:

The CIA tops the list. In the agency's "senseless" report, "Global Trends 2015", the reader is told: "The rising tide of the global economy will create many economic winners, but it will not lift all boats...(It will) spawn conflicts at home and abroad, ensuring an even wider gap between regional winners and losers than exists today... .

"Regions, countries, and groups feeling left behind will...foster political, ethnic, ideological, and religious extremism, along with the violence that often accompanies it."

Echoing the "clueless" protesters, the World Bank's own researchers found that "globalization appears to increase poverty and inequality... . The costs of adjusting to greater openness are borne exclusively by the poor, regardless of how long the adjustment takes" (The Simultaneous Evolution of Growth and Inequality, 1999).

Source (http://www.commondreams.org/views02/0507-06.htm)

Seems like the elite know exactly what they're doing, and exactly who they are doing it to.

vox