- Paperback: 376 pages
- Publisher: Global Research; 2 edition (September 10, 2003)
- Language: English
- ISBN-10: 0973714700
- ISBN-13: 978-0973714708
- Product Dimensions: 5.2 x 0.8 x 8 inches
- Shipping Weight: 1 pounds (View shipping rates and policies)
- Average Customer Review: 27 customer reviews
- Amazon Best Sellers Rank: #477,698 in Books (See Top 100 in Books)
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The Globalization of Poverty and the New World Order Paperback – September 10, 2003
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"A leading intellectual of the antiwar movement. He works his tail off documenting the material he presents and is rigorous." -- Jude Wanniski, Polyconomics.
"The book can and should be read by all with an interest in world peace and the causes of poverty." -- Frances Hutchinson, The Ecologist
"The current system, Chossudovsky argues, is one of capital creation through destruction." -- Michele Stoddard, Covert Action Quarterly
"This study by an economics insider shows the consequences of "reforms" in various parts of the world. Definitely red-pill material." -- Richard K. Moore, Whole Earth.
Michel Chossudovsky's valuable study addresses some of the most important issues of the current era. -- Noam Chomsky, Octopusbooks.com
The strength of the book: the diversity and detail of the country studies and Chossudovsky's experience in several of them. -- Leo Vox, Hunger Notes
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Published in 11 languages. More than 100,000 copies sold Worldwide
Top customer reviews
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After reading even just the first 2o pages a light bulb should go on that the globalization of trade is nothing less than the creation of a fascist new world order that dwarfs even Hitler's (and the German industrialists and Swiss bankers behind him) vision for a Third Reich. This Fourth Reich is not limited by borders any more than the Nazi and holocausts are now a global enterprise for profit every bit as heinous as the extraction of gold from the teeth of Jews by the Germans (which ended up in Swiss bank vaults).
When the people of Honduras or Haiti or Columbia or El Salvador or Mexico are exploited by the industrialists and the bankers behind the IMF, World Bank, and of course both political parties in the US, it is also Americans who suffer with the loss of jobs, loss of collective bargaining power, loss of the environment, loss of pensions, loss of medical and health care, loss of public education, and ultimately a shorter life span than 26 other countries. Free enterprise is just a euphemism for piracy and the ability to ignore any social contracts, past, present, or in the future. Human rights disappear first in Guantanamo and then in US courts.
This book does the best job of documenting the activities that have occurred over the past 40 years that are rapidly creating an Orwellian world on a truly global scale that threatens all of humanity. The environmental destruction is going to further exacerbate the famines now happening on an unprecedented scale and the industrialists and bankers and coupon clippers who now think they can hide away in their gated communities while sending their children off to private schools and vacationing in exclusive resorts with armed guards are going to find that the toxic world they have created is going to ultimately result in their demise as well.
As the author demonstrates the world is rapidly becoming a two class society in every country with the super rich and the poor and a dwindling middle class. One only needs to visit a country like Haiti or Honduras to see the stunted economic growth and environmental destruction and the rich in their homes with bars on the windows to see the end result of the neocon's misguided greed. Instead of helping to create a bigger pie where everyone benefits we have the elites using their power to grab bigger pieces from a shrinking pie, ignorant of the folly of this strategy.
Many great civilizations have been obliterated over past millennia and our relatively short lived civilization is likely to pass into history as well with only our concrete highways and buildings and industrial waste dumps left for posterity to judge our accomplishments and our shortcomings. At least after reading this book the chief culprits involved will be easier to identify, though the one omission in the book is the people behind the curtains pulling the strings. It is not Milton Friedman but people like Nixon, Reagan, Bush I, Clinton, Bush II, and even Obama, that have used his misguided macro economic theories to justify the pillaging of the world. The overthrow of the democratically elected governments in Iran, Iraq, Haiti, Guatemala, El Salvador, Bolivia, Argentina, Chile, the Philippines, Indonesia, and any other country where there were resources and people to exploit, required the active involvement of American presidents and their staff and bagmen like Oliver North, Henry Kissinger, and now Hillary Clinton. Cheney.
As I was reading, I found myself getting very angry and very depressed at the same time. Time and time again, humanity is made to suffer at the hands of a privileged few who think they have the right and are entitled to the world's resources because they consider themselves to be "Special (above the rest of the rest of humanity)."
The book was written in 2003 but has been updated with some recent events. The IMF and World Bank's Modus Operandi (takeover of the country's governement; forcing austerity, decimating the labor force: result poverty) is being played out in Greece at this very moment in history. Fortunately, the Greek people seem to be rebelling against this and I hope they hold out and win!
Their 'free market' system is rigged. The WTO agreements grant entrenched rights to the world's largest financial and industrial conglomerates, derogating the ability of national governments to regulate their economies. The IMF programs enforce governments to privatize big chunks of their national economy, liberalize their markets and downsize social provisions (education, health, social security).
Their 'free' market system is synonym of human poverty, destruction of the natural environment, social apartheid, racism and ethnic strife, undermining of women's rights, economic dislocations, forced displacements, landless farmers, shuttered factories and jobless workers.
More, he accuses the IMF of supporting the appropriation of global wealth by speculators through manipulation of currency and commodity markets. It even manipulates itself its economic statistics in order to show that its policies work. Finally, it cooperates with warmongerers and 'peace keepers'.
He illustrates his verdicts with a host of examples.
Somalia: the entire social fabric of the pastoralist economy was undone through duty-free beef and dairy products from the EU.
Rwanda: the restructuring of the agricultural system precipitated the population into destitution, leading to a genocide.
Ethiopia: the Structural Adjustment Programme caused starvation.
Bangladesh: a devaluation and price liberalization exacerbated famine. Deregulation of the grain market meant dumping of US grain surpluses.
Brazil: enhancement of social polarization by supporting the land-owning class.
Peru: after liberalization, the price of bread increased more than 12 times.
Russia: helping the oligarchs.
India (Andhra Pradesh): repeal of minimum wages and support of caste exploitation
Yugoslavia: serving the strategic interests of Germany and the US by cutting the financial arteries between Belgrade and the republics.
Korea, Thailand, Indonesia: the vaults of the central banks (100 billion $) were pillaged by international speculators. The bail-outs of those countries were underwritten and guaranteed by the same Wall Street banks involved in the speculative assaults.
The author proposes a solution which will be extremely difficult to implement in our actual world, where media and governments are controlled by the powerful: democratization of the economic system and ownership structures, disarming of speculation, redistribution of income and wealth and rebuilding the Welfare State.
Michel Chossudovsky's book constitutes a devastating denunciation of an inhuman system sold by economic strangulating wolves clad in sheepskins.
It confirms the forceful analysis of globalization by Joseph Stiglitz.
A must read.
I also recommend a voice from the South: Walden Bello.