Prov Michel Chossudovsky. Understand the Globalization of Poverty

And the New World Order. In this expanded edition of "Chossudovskys" international best seller, the author outlines the contours of a New World Order, which feeds on human poverty and the destruction of the environment, generates social apartheid, encourages racism and ethnic strife, and undermines the rights of women. The result as his detailed examples from all parts of the world show so convincingly, is a globalization of poverty. This book is a skillful combination of lucid explanation and cogently argued critique of the fundamental directions in which our world is moving financially and economically. In this new enlarged edition, which includes ten new chapters and a new introduction, the author reviews the causes and consequences of famine in Sub Saharan Africa, the dramatic meltdown of financial markets, the demise of State social programs, and the devastation resulting from corporate downsizing and trade liberalization. "This concise, provocative book reveals the negative effects of imposed economic structural reform, privatization, deregulation and competition. It deserves to be read carefully and widely." Choice, American Library Association (ALA). "The current system, Chossudovsky argues, is one of capital creation through destruction. The author confronts head on, the links between civil violence, social and environmental stress, with the modalities of market expansion." Michele Stoddard, Covert Action Quarterly. Barely a few weeks after the military coup in Chile on September 11, 1973, overthrowing the elected government of President Salvador Allende, the military Junta headed by General Augusto Pinochet ordered a hike in the price of bread from 11 to 40 escudos, a hefty overnight increase of 264%. This economic shock treatment had been designed by a group of economists called the Chicago Boys. At the time of the military coup, I was teaching at the Institute of Economics of the Catholic University of Chile, which was a nest of Chicago trained economists, disciples of Milton Friedman. On that September 11, in the hours following the bombing of Presidential Palace of La Moneda, the new military rulers imposed a 72 hour curfew. When the university reopened several days later, the Chicago Boys were rejoicing. Barely a week later, several of my colleagues at the Institute of Economics were appointed to key positions in the military government.