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February 27 2012

02mydafsoup-01

[...]

American officials have traditionally viewed the World Bank as an extension of United States foreign policy and commercial interests. With the Bank just two blocks away from the White House on Pennsylvania Avenue, it has been all too easy for the US to dominate the institution. Now many members, including Brazil, China, India, and several African countries, are raising their voices in support of more collegial leadership and an improved strategy that works for all.

From the Bank’s establishment until today, the unwritten rule has been that the US government simply designates each new president: all 11 have been Americans, and not a single one has been an expert in economic development, the Bank’s core responsibility, or had a career in fighting poverty or promoting environmental sustainability. Instead, the US has selected Wall Street bankers and politicians, presumably to ensure that the Bank’s policies are suitably friendly to US commercial and political interests.

Yet the policy is backfiring on the US and badly hurting the world. Because of a long-standing lack of strategic expertise at the top, the Bank has lacked a clear direction. Many projects have catered to US corporate interests rather than to sustainable development. The Bank has cut a lot of ribbons on development projects, but has solved far too few global problems.

For too long, the Bank’s leadership has imposed US concepts that are often utterly inappropriate for the poorest countries and their poorest people. For example, the Bank completely fumbled the exploding pandemics of AIDS, tuberculosis, and malaria during the 1990’s, failing to get help to where it was needed to curb these outbreaks and save millions of lives.

Even worse, the Bank advocated user fees and “cost recovery” for health services, thereby putting life-saving health care beyond the reach of the poorest of the poor – precisely those most in need of it. In 2000, at the Durban AIDS Summit, I recommended a new “Global Fund” to fight these diseases, precisely on the grounds that the World Bank was not doing its job. The Global Fund to Fight AIDS, TB, and Malaria emerged, and has since saved millions of lives, with malaria deaths in Africa alone falling by at least 30%.

The Bank similarly missed crucial opportunities to support smallholder subsistence farmers and to promote integrated rural development more generally in impoverished rural communities in Africa, Asia, and Latin America. For around 20 years, roughly from 1985 to 2005, the Bank resisted the well-proven use of targeted support for small landholders to enable impoverished subsistence farmers to improve yields and break out of poverty. More recently, the Bank has increased its support for smallholders, but there is still far more that it can and should do.

[...]

A World Bank for a New World | social-europe.eu - Jeffrey D. Sachs 20120227 
Reposted bydatenwolfmihaicontinuum

January 23 2010

02mydafsoup-01
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Social Banking - Verantwortung für sein Geld übernehmen
Noa Bank - Focus Money-Bericht

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// It's a commercial from Noa Bank, which states more or less directly, what everyone could have asked himself, if he would have been honestly enough about the complacent cynism as the insane basis of our economy; only some did it - the commercial itself, I mean, how it visually done, is simply mainstream.
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oanth muc 20100123
Reposted fromyum yum viareturn13 return13

March 06 2009

Eine Epochale Systemkrise - Teil 2 - Blogbeitrag Michael Schneider - Der Freitag 2009-03-03

".... In Berlin und Brüssel wird bereits über einen Europäischen Währungsfonds nachgedacht, der nach Art des IWF operieren und zahlungsunfähige Mitgliedsstaaten, die ihre Lehrer, Busfahrer und Polizisten nicht mehr bezahlen können, mit Krediten unterstützen soll, unter strengen Auflagen, versteht sich. Dass diese Auflagen in erster Linie den Zweck verfolgen werden, die Interessen der Gläubiger zu befriedigen, wissen wir von den sog. „Strukturanpassungsprogrammen“, mittels derer der IWF Jahrzehntelang bedürftige Dritte-Welt-Staaten zu einem rigorosen Sparkurs, zur Streichung sämtlicher Sozial- Gesundheits- Bildungs- und Infrastrukturprogramme sowie zur Privatisierung und zum Verkauf der letzten, noch halbwegs rentablen Staatsbetriebe gezwungen hat. Eine makabre Vorstellung, die aber demnächst Realität werden könnte: [....] chronischer Schuldknechtschaft ausgeliefert sein werden wie so viele Länder des Trikonts gegenüber den Gläubigerstaaten- und Banken des Pariser Clubs..."

Eine Epochale Systemkrise - Teil 1 - Blogbeitrag Michael Schneider - Der Freitag 2009-03-03

".... Inzwischen sind sich die Experten und die Parteien (fast)aller Couleur darin einig, dass der Ursprung der Krise in den deregulierten Finanzmärkten zu suchen ist, die jene Spekulationsblasen erzeugt haben, die jetzt geplatzt sind. Diese Diagnose, so unstrittig sie sein mag, hat insofern etwas Tröstliches, als sich aus ihr ein ebenso einfaches wie plausibles Rezept ableiten lässt: Man muss die außer Rand und Band geratenen Finanzmärkte nur vernünftig regulieren und wieder unter Kontrolle bringen - dann wird sich die Wirtschaft, ist die jetzige Krise erst überstanden, schon wieder erholen, und alles wird wieder gut! Was aber, wenn die Krise ihren Ursprung primär gar nicht in den Finanzmärkten, sondern in der von dieser dominierten Realwirtschaft hat? Wenn also die globale Bankenkrise erst die Folge eine fundamentalen Krise der Kapitalverwertung in der warenproduzierenden Wirtschaft ist?..."

February 16 2009

Failure to save East Europe will lead to worldwide meltdown - 2009-02-15 Telegraph.co.uk

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point. - Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP. "A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen.

October 23 2008

Chomsky on the economy, therealnews 21.10.2008

In part two of their interview, Paul Jay asks Prof. Noam Chomsky to weigh-in on the dominant subject of the day, the economic crisis. While Prof. Chomsky agrees that the current crisis is a very serious one that will have broad implications for the broader society, he points out that the foreseeable Medicare-induced economic crisis will "dwarf" the current one in magnitude. Furthermore, Prof. Chomsky develops his contention that democracy is hindered by unrestrained free markets. While on the other hand, state-restricted markets are democratic by design in that they allow people take control--through their government--of financial institutions to force them to include externalities and risks to the broader population in their decision-making. These factors are such that profit-seeking enterprises will not accommodate them when left to their own volition, given that free markets do not put a price on these externalities.

October 19 2008

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Hanif Kureshi, ein Dichter plädiert für eine neue linke Ideologie - euronewsde 18.10.2008
Hanif Kureishi ein Mann mit pakistanischem Namen, aufgewachsen in Großbritannien, der sich selbst einfach nur als Schriftsteller versteht. Von seinen zumeist sozialkritischen Werken erschienen auf deutsch u.a. Der Buddha aus der Vorstadt, Mein wunderbarer Waschsalon, Das schwarze Album. Für die Verfilmung seines Romas Rastlose Nähe gab es einen Goldenen Bären der Berliner Filmfestspiele. Luca Vitali besuchte den 54jährigen im Westen von London.

October 13 2008

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The Financial Crisis: Where Do We Go From Here?
Von: uchannel Hinzugefügt: 13. Oktober 2008 Nouriel Roubini, Associate Professor of Economics and International Business, New York University; Brad W. Setser, Fellow for Geoeconomics, Council on Foreign Relations; Benn Steil, Director of International Economics, Council on Foreign Relations Presider: Mort Zuckerman, Editor in Chief, U.S. News & World Report (Sep 25, 2008 at the Council on Foreign Relations)
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