Robert Zoellick
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The Bank Loan That Could Break South Africa's Back By Patrick Bond
Notwithstanding South Africa’s existing $75 billion foreign debt, last Thursday the World Bank added a $3.75bn loan to Eskom for the primary purpose of building the world’s fourth-largest coal-fired power plant, at Medupi, which will spew 25 million tons of the climate pollutant carbon dioxide each year. Continue reading
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John Maxwell: Racism and Poverty
The people of Haiti are as poor as human beings can be. According to the statisticians of the World Bank and others who speculate about how many Anglos can dance on the head of a peon, Haiti may either be the second, third or fourth poorest country in the world. In Haiti’s case, statistics are Continue reading
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What Global Economy? By William Bowles
The collapse of the WTO meeting in Cancun has, by and large, been met with a deafening silence in the British media. My ‘paper of ‘choice’, the Independent, chose not to mention Cancun at all in its Monday edition! Yet given the parlous state of the capitalist world’s economy and how much is at stake,… Continue reading