Thursday, March 17, 2005

World Bank & US Imperialism

The Bright Side?

If Wolfowitz does become President of the World Bank, it could have some positive effects. Soren Ambrose, Senior Policy Analyst with the 50 Years Is Enough Network noted, "If confirmed, we would no longer have to work so hard to convince people that the World Bank is an instrument of U.S. foreign and economic policy. Wolfowitz has no experience in development, just a fierce ideological dedication to hard-core neo-liberal economics and U.S. domination. With Wolfowitz in place, the Bank's masterful spinners of noble rhetoric will be unable to persuade anyone that the institution is really working for the benefit of the poor. We'll finally be able to use the word "imperialism" about Bank policy without raising eyebrows.?"

"In other words," said Ambrose, "between exposing the true dangers of the lack of democracy at the World Bank and putting the most visible symbol of U.S. imperialism in the most prominent position in international development, President Bush will accomplish more in de-legitimizing the World Bank than any other single action ever could."

Soren Ambrose
New Voices on Globalization / 50 Years Is Enough Network
3628 12th St., N.E. Washington, DC 20017 USA
office: +1-202-636-6097 mobile: +1-202-285-5836
soren@igc.org

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