O'Neill: "WB has driven poor countries into a ditch"

Dennis Robert Redmond dredmond at efn.org
Thu Feb 21 21:50:36 PST 2002


On Thu, 21 Feb 2002, Vikash Yadav wrote:


> development that Wolfensohn is selling. Who will invest in the poorest and
> lowest rated sovereign countries?

They have to invest in themselves. But they can't do that unless neoliberal capital is kicked out of their countries, and everything the WB-IMF does is designed to strengthen the grip of neoliberalism and frustate, smash or destroy local accumulation structures (often with the complicity of comprador elites).

As for alternatives: one, two, many developmental states!

-- Dennis



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