Robb Kidd at Evolving Peace (another blog from my neck of the Vermont woods, Montpelier, still the only state capitol without a McDonald's) has a very solid piece up about the World Bank and the whole new horrific levels of corrupt behavior thanks to President Bush's appointment of neocon-man Paul "He puts the wolf in..." Wolfowitz. Wolfie, of course, was allowed to resign when indictment would be much more appropriate - and not just because Wolfie couldn't control his penis or his penis' playmate.
There seems to be a mood of ecstatic joy in regards to the downfall of Paul Wolfowitz from heading of the World Bank and while many may have noticed that Mr. Wolfowitz had been a chief architect of the Neo-Cons disastrous implantation of the war in Iraq, they now celebrate with glee his down fall with little discussion revolving around the harsh reality that he was perfect for the World Bank position.Catch the rest here.
The World Bank has nothing to do about raising the quality of living for “the undeveloped world” but for the mere purpose of creating further markets of development. While to the mere outsider the World Bank produces an imagery of wholesome concern; however that is far from the real truth of the matter. The World Bank has been a tool for venture capitalists in further procuring their desires of developing and exploiting the undeveloped world. Instead of using military force the World Bank goes into the “undeveloped world” and installs loans to spur economic development that perpetuates them into system of subservience.
On paper it sounds nice, but in reality these loans subject the population to dramatic changes to their environment and create an environment of greater poverty. In Mexico farmers were discouraged from growing corn due to the abundance of US corn and now with the greater demand for ethanol corn prices have skyrocketed and many Mexicans are left without their most basic staple for food. Mexican peasantry who had left the farms for the promises of greater economic freedom are now in a pinch since corn is no longer cheap to them. Now they are unable to support themselves and are in need of work, so left with little options the opportunities north of the border look good to them.