The function of propaganda and the process of global impoverishment and destruction of nation states.
This is Guns and Butter.
Monetary policy really defines the sovereignty of a country. It’s the ability of a country to actually finance its own developments through lending to the private sector, the building of public infrastructure and so on. And that is ultimately what economic sovereignty is all about. It’s the ability of a country to use its monetary instruments to finance development, and that ability is denied under the prevailing relations that these countries have with the International Monetary Fund and the World Bank and the creditors.
I’m Bonnie Faulkner. Today on Guns and Butter, Michel Chossudovsky. Today’s show: Neoliberalism and the New World Order.
Michel Chossudovsky is an economist and the founder, director and editor of the Centre for Research on Globalization based in Montreal, Quebec. He is the author of 11 books including The Globalization of Poverty and the New World Order, War and Globalization: The Truth Behind September 11th, America’s War on Terrorism and The Globalization of War: America’s Long War Against Humanity. Today we discuss global financial war as outlined in Professor Chossudovsky’s article “Wall Street Behind Brazil Coup D’état,” the role played by the IMF and World Bank in the economies of debtor nations, the Real Plan in Brazil, the imposition of the Washington Consensus, loss of national sovereignty,…