An Indian take on "globalization" and kakistocracy

[Lisa & Ian Murray]

True, proving that I contradict myself, since I've been floating some of the
relatively new material on the "problem" on a couple of lists since AFC of
'97 and have even cited Susan Rose Ackerman's material etc.--damn my tired
cortex!

I think this is yet another button we lefties should keep pushing in the
public realm in the next millenium--that the rich are corrupt resonates all
too well with people everywhere--that it is endemic to capital and not
something "exogonous" to the system.

ian


> -----Original Message-----
> From: owner-lbo-talk at lists.panix.com
> [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Doug Henwood
> Sent: Thursday, October 14, 1999 8:39 AM
> To: lbo-talk at lists.panix.com
> Subject: Re: An Indian take on "globalization" and kakistocracy
>
>
> Lisa & Ian Murray wrote:
>
> > For now here's an interesting article from India on an
> >aspect of the economy we don't hear much about from the WTO,
> economists and
> >many others.
>
> Actually that's not exactly true. "Corruption" is one of the
> obsessions of the World Bank these days. Go to their website
> <http://www.worldbank.org>, or if you're impatient directly to the
> search page <http://www.worldbank.org/search.htm>, and do a search
> for "corruption" and you get back 300 hits. They spin it differently
> from the Times of India article, of course. But the WB and other
> orthodox sorts would like to make a sharp distinction between crime
> and the normal operations of capitalism, a distinction that more
> radical sorts might want to think twice about.
>
> Doug
>
>