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Greg Palast On Coercion Trade

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  • 12-03-2002 1:57am
    #1
    Von
    Closed Accounts Posts: 880 ✭✭✭


    First you open up the capital markets. That is, you sell off your local banks to foreign banks. Then you go to what's called market-based pricing. That's the stuff like in California where everything is free market and you end up with water bills - we can't even imagine selling off water companies in the United States of America. But imagine if a private company like Enron owned your water. So then the prices go through the roof. Then open up your borders to trade - complete free marketeering. And Stiglitz who was the chief economist, remember he was running this system, he was their numbers man and he was saying it was like the opium wars. He said this isn't free trade; this is coercion trade. This is war. They are taking apart economies through this.

    He predicts here that Venezuela is in for some fun soon.


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