The budget targets imposed by the Bretton Woods institutions, combined with the effects of the devaluation, trigger the collapse of public investment. Michel Chossudovsky More Quotes by Michel Chossudovsky More Quotes From Michel Chossudovsky The achievements of past struggles and the aspirations of an entire nation are [being] undone and erased.... No Agent Orange or steel pellet bombs, no napalm, no toxic chemicals: a new phase of economic and social (rather than' physical) destruction has unfolded. The seemingly neutral and scientific tools of macro-economic policy constitute a non-violent instrument of recolonization and impoverishment. Michel Chossudovsky orangestrugglepast Relentlessly feeding on poverty and economic dislocation, a New World Order was taking shape. Michel Chossudovsky shapesorderworld The experience of Somalia shows that famine in the late 20th century is not a consequence of a shortage of food. On the contrary, famines are spurred on as result of a global oversupply of grain staples. Michel Chossudovsky somaliaresultscentury Legal and illegal activities had become inextricably intertwined. Michel Chossudovsky illegal-activitiesintertwinedillegal While Financier George Soros was investing money in Kosovo's reconstruction, the George Soros Foundation for an Open Society had opened a branch office in Pristina establishing the Kosovo Foundation for an Open Society (KFOS) as part of the Soros' network of "non-profit foundations" in the Balkans. Michel Chossudovsky investing-moneybranchesoffice For the West, the enemy was not "socialism" but capitalism. How to tame and subdue the polar bear, how to take over the talent, the science, the technology, how to buy out the human capital, how to acquire the intellectual property rights? Michel Chossudovsky technologyrightsenemy The civil war in Rwanda and other ethnic massacres were an integral part of US foreign policy, carefully staged in accordance with precise strategic and economic objectives. Michel Chossudovsky massacreseconomicwar Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor. Michel Chossudovsky povertyinputsides Humanity is undergoing, in the post-Cold War era, an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the world population. Michel Chossudovsky humanitywarworld Lost in the barrage of images and self-serving analysis are the economic and social causes of the conflict. Michel Chossudovsky analysiscausesself The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world. Michel Chossudovsky crownsbankingislands Both Hindu, as well as Islamic fundamentalism, feed on the poverty of the masses. Michel Chossudovsky povertyislamicmass According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights. Michel Chossudovsky concentration-of-wealthrightsworld Modern capitalism appears totally incapable of mobilizing these untapped human and resources. Michel Chossudovsky modernresourceshumans Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics"). Michel Chossudovsky mainstreameconomicsfacts
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