That man Monbiot

[Euphrates]

http://www.guardian.co.uk/commentisfree/st...1864923,00.html

 

"None of this would matter so much if it had stuck to its original mandate of stabilising the international monetary system. But after the collapse of the Bretton Woods agreement in 1971 the IMF more or less lost its mission to maintain exchange rates, and began to look for a new role. As a paper by the law professor Daniel Bradlow shows, when it amended its articles of asso-ciation in 1978 they were so loosely drafted as to grant the IMF permission to interfere in almost any aspect of a country's governance. It lost its influence over the economic policies of the G7 and became instead the rich world's viceroy, controlling the poorer nations at its behest. It began to micro-manage their economies without reference to the people or even their governments. Since then, no rich country has required its services, and few poor countries have been able to shake it off."

 

How the f*** was this montrosity allowed to develop? Every single thing I've ever read about it or the World Bank has made it feel ill with white-man guilt. Destroying countries economies for the economic and political gain of people with no shred of dignity or conscience.

 

I'm made as hell and I'm not going to take it anymore!

 

(4 pint jugs for 12 euros at the gingerman later...)

Edited September 5, 2006 by Euphrates

[Tosh]

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[Euphrates]

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[Frosty Jack]

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[pipnasty]

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