Fischer: friend of the poor

John Gulick jlgulick at sfo.com
Sat Feb 26 21:03:24 PST 2000


One final salvo before I retire for the night:


>From New York Times - February 25, 2000


>"We have not supported or encouraged any of the nominations to date,"
>said Michelle Smith, spokeswoman for Mr. Summers. "Our position has
>been, and continues to be to work toward a strong European candidate
>who can command widespread respect and support, including from the
>emerging markets. We want to work with Europe toward that objective."

Reassuring to see that finance capital's lens on the world -- i.e. M-C-M' -- hasn't changed (i.e. Ms. Smith's reference to the large majority of the world's people/states not as "the South," "the Third World," or even the "developing nations" but as "emerging markets," where countries and its citizens w/long, complex and proud histories are reduced to clients and debtors).

Also, article seems to rebut what I asserted earlier -- candidates for IMF top dog are ex-central bankers and multilateral bureaucrats, not private sector financial K types ...

Finally breathless,

John Gulick



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