Where they hide the cash
We help rich individuals and companies to spirit away vast sums from the developing world
Duncan Campbell
Monday December 5, 2005
The Guardian
Five trillion dollars has been corruptly removed from the world's poorest countries and lodged permanently in the world's richest countries. That is the "conservative estimate" not of a leftwing anti-globalisation activist but of a leading American businessman and enthusiast for capitalism who has just completed a major study of how multinational corporations, wealthy individuals and unscrupulous governments are using the world's banking systems in ways that spread poverty.
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These same rich countries (G7) then still have the guts to say that the neoliberal model helps people out of poverty.
Hugo Chavez understands this as well, and he told the IMF to leave Venezuela alone, and that Venezuela would not participate in the Structural Adjustment Programs (SAP's) that have crippled countries instead of helping them.
The neoliberal model means death and poverty to the unfortunate, at the cost of the rich elite.
The biggest lie in capitalism/globalization is that everyone is better off and everyone can get rich.
There is one very important thing to remember: The ones who consume are not the ones who produce.
In order for us to be able to buy goods for cheaper price (also lower quality!), other people have to sell their souls the the neoliberal model, and work as underpayed servants to the neoliberal elite. This is one main reason for the outsourcing of jobs into third world countries:Cheap labor for more profit to the benefit of the rich.
Duncan Campbell
Monday December 5, 2005
The Guardian
Five trillion dollars has been corruptly removed from the world's poorest countries and lodged permanently in the world's richest countries. That is the "conservative estimate" not of a leftwing anti-globalisation activist but of a leading American businessman and enthusiast for capitalism who has just completed a major study of how multinational corporations, wealthy individuals and unscrupulous governments are using the world's banking systems in ways that spread poverty.
*******************************************************************************
These same rich countries (G7) then still have the guts to say that the neoliberal model helps people out of poverty.
Hugo Chavez understands this as well, and he told the IMF to leave Venezuela alone, and that Venezuela would not participate in the Structural Adjustment Programs (SAP's) that have crippled countries instead of helping them.
The neoliberal model means death and poverty to the unfortunate, at the cost of the rich elite.
The biggest lie in capitalism/globalization is that everyone is better off and everyone can get rich.
There is one very important thing to remember: The ones who consume are not the ones who produce.
In order for us to be able to buy goods for cheaper price (also lower quality!), other people have to sell their souls the the neoliberal model, and work as underpayed servants to the neoliberal elite. This is one main reason for the outsourcing of jobs into third world countries:Cheap labor for more profit to the benefit of the rich.
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