How do the WTO, World Bank and IMF work?
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- Опубліковано 4 тра 2011
- Susan George explains what the World Bank, the International Monetary Fund (IMF) and the World Trade Organization (WTO) are and how they work. They operate in the interests of rich nations at the expense of the poor. She cautions against the current trend to privatise public services such as transport, health and water.
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The WTO’s legislative authority stems from its ability to strike down the domestic laws, programs, and policies of its member nations and to compel them to establish new laws that conform to WTO rules. This authority extends beyond the national government level, all the way to provinces, states, counties, and cities. ~ _Invisible Government_, by Debi Barker & Jerry Mander
Fascinating woman. She's 77 in this video. She hates capitalism, which threw me a curve ball - when practiced in a truly free-market society, I have come to the opinion that capitalism would prevent the force of centralized governments to overwhelm the interests of the individual.
You are correct sir
***** I heard she hates spiders.
Every system is basically as fallible as the last due to the force responsible. Human fallibility and greed. Having a system of private ownership oriented toward profit, a system of public ownership oriented toward societal needs, it all inevitably results in a plutocracy unless we fundamentally understand how we truly vote.
May I know who she is please?
Who is she? Any books she's written on economics?
Miss, how does one explain a under levy? My idea is this to create.. Under Levy.. the balance of measurements in stocks, food, equipment, resources, and the exact ratio of each up and down including current statio....
the most underrated writer
Yeah this is what we’re talking about, we want good individuals that will speak the truth irrespective of the ethnicity , that just want to uplift the humankind no apology.
Thank you!
nice balanced viewpoint here
Excellent............
Necessary? You think they are necessary?
Thanks.
useful video
Jacque fresco is one of the smartest people alive today check him out and pass on his knowledge, he has a movie called "future by design" it's really positive and can answer a lot of problems we have today.
+Nathan Casey Ty
Find the answer in the short film “Mankinder (Occupying Chairlifts)”! A guy working in the white house calls on an underachieving old college buddy, to solve the economy from it’s debt and unemployment troubles. A couple brief conversations with the reluctant skibum corrects the course of humanity’s future. A simple rule tweak on inheritance ends up changing the direction and purpose of modern human life! Watch “Mankinder (Occupying Chairlifts)” on youtube.
Hey!. Boeing aeroplanes originate from Virgin Islands and NOT Seattle, USA? I ddnt know that is what is captured in official documents😢 please show her name throughout video
She means ON PAPER the Boeings come from the Virgin Islands, so Boeing can evade home tax.
Please don't be obtuse.
We do have a world ministry of health. It's called the World Health Organization (WHO). It wiped out smallpox.
IMF- Int money forgerer
good. it would be much better that way.
Is IMF a treaty?
Imf is a private company with its head office ,quite close to the other company ,the world bank. Neither has large amounts of money or even access to cash but has immense power.
so do you advocate the sale of essential services and utilities like water, health and transport from developing countries to Western corporations? As well as the simulataneous destruction of labour standards and conditions to the benefit of the big corporations and to the extreme detriment of the people of poor nations?
She and I are against this of course. But changeing this practice is going to be difficult, as it has become standard worldwide by now, even for emerging economies like those in Bric.
So what about the tax haven of Swiss? It’s been a thing way before virgin island and or any other place. Growing up I remember hearing get a Swiss bank account to hide your money. Lol
sneaky people are sneaky.
They lend you money as a loan with interest instead of aiding lol
I have a Boeing claim*****
The realization of essential fascism is represented by these three mercenary capitalist organizations.
Not fascism, as that is a historical category. Capitalist Leech will do nicely.
Next target is Greece
hah! definitely justin beiber. oppressing the poor everywhere. :D
and this woman is brilliant, she is just assuming you have read some of her books or have a general understanding already...
Please. Launch. .common. Currency. .doller. From. World. Rule. For. Balancity. Of. Economy. And. Easier. For. ..trade. ..relation. ..in. World. It,s. Sure. .now.
I can't help but feel that this is all Justin Beibers' fault.
Be smart . and imf. under Buddist eyes, money are plain papers and gold are just bars of iron.
"This woman is a globalist-socialist."
==
What's wrong with that?
.
"she gives herself away."
Examples?
🏌🏼♀️
she wants a global medical body ? WHO now is it working
"This woman is a globalist-socialist.'
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Don't you agree, if anything that works, we should embrace it?
Woman don't talk so much in riddles and clouds. I still don't know from you how those institutions works and what their means are (and I do not think I am too stupid to understand)
Susan George, A Fate Worse Than Debt, (New York: Grove Weidenfeld, 1990)
Many developing nations are in debt and poverty partly due to the policies of international institutions such as the International Monetary Fund (IMF) and the World Bank.
Their programs have been heavily criticized for many years for resulting in poverty. In addition, for developing or third world countries, there has been an increased dependency on the richer nations. This is despite the IMF and World Bank’s claim that they will reduce poverty.
Following an ideology known as neoliberalism, and spearheaded by these and other institutions known as the "Washington Consensus" (for being based in Washington D.C.), Structural Adjustment Policies (SAPs) have been imposed to ensure debt repayment and economic restructuring. But the way it has happened has required poor countries to reduce spending on things like health, education and development, while debt repayment and other economic policies have been made the priority. In effect, the IMF and World Bank have demanded that poor nations lower the standard of living of their people.
I disagree. Fascism, and all far-right ideologies for that matter, are inherently nationalist and in-group oriented. Groups like these are international and have no sense of "group" outside of influence and political/economic clout. They are the anti-fascist, without the humanist element. They are the Fascist without the cultural mythology.
They're the worst parts of both the left and the right.
Left-International
Right-Darwinian
Scary combination.
Right. They are not accountable on a basis of values other than greed.
These international banking organizations can really do some shady things.