WORLDnotBANK
The
World Bank and the International Monetary Fund (IMF) are meeting in
Washington DC this weekend.
People are protesting all over the globe against these two undemocratic
and capitalist institutions.
The World Bank makes loans to its members to restructure a country's
economic system by funding structural adjustment programs (SAP). These
SAPs pursue economic liberalisation which results in worse conditions
and pay for workers. Opposition to the World Bank and the IMF has been
huge in recent years and has led to uprisings in Argentina
and anti-capitalist struggles all over the world.
Neoconservative Paul
Wolfowitz
will become President of the World Bank on 1st June 2005. In his former
job as U.S. Deputy Secretary of Defense, he was a strong supporter of
the invasions of Afghanistan and Iraq.
In Wellington
Anti-Capitalist Super Friends drew attention to Free Trade.
Workers and the environment suffer the most under Free Trade Agreements.
ECOTERRA Intl.