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Brilliant - Chomsky yet again tells us far more about our world than our media ever do
on 20 July 2010
Noam Chomsky yet again tells us far more about our world than our media ever do.
He writes, "A well-documented conclusion is that sovereignty, hence ability to control internal economic development and to enter international market systems on one's own terms, is a crucial prerequisite to economic development." 25 years of economic sovereignty, backed by exchange controls and managed currencies, did better than the succeeding 25 years of Thatcherism. Protectionism brings growth; imposed liberalisation harms growth.
In 1985 the World Bank said that in its standard `development' strategy, domestic consumption should be `markedly restrained', support for education `minimized' and `less emphasis should be placed on social objectives'.
The US National Intelligence Council's Global Trends 2015 (2000) said globalisation will lead to `a widening economic divide' and `deepening economic stagnation, political instability, and cultural alienation'. In law, predictable consequences are evidence of intent. Amnesty International's Secretary-General says that poverty is the worst of all the world's many human rights abuses.
In Latin America, Obama plays the usual US role. In June 2009, the largely US-controlled IMF at once gave a $150 million loan to the coup regime in Honduras. The IMF had earlier withdrawn loans from the elected government because it opposed that government's policies. In 2002, during the (failed) coup against Venezuela's elected government, the IMF had at once offered aid to the coup regime. France and the USA backed the 2004 coup in Haiti, which overthrew the elected government, causing 8,000 violent deaths in the next two years.
By contrast, Chomsky praises Cuba's `remarkable record of genuine internationalism over many years', especially its Operation Milagro, which has restored sight to more than a million people.
He denounces Israel's vicious and illegal siege of Gaza. Israel, with the USA, is destroying any viable Palestinian state. The USA and the EU voted against the International Atomic Energy Agency resolution calling on Israel to join the Nuclear Non-Proliferation Treaty and to open its nuclear facilities to inspection.
In the recent US election, the best-funded candidate won 9 out of 10 contests, and Obama was the presidential candidate with most Wall Street funding. This January, the US Supreme Court voted to allow corporations to spend shareholder money directly in future elections.