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The Globalization of Poverty and the New World Order | 
 enlarge | Author: Michel Chossudovsky
Publisher: Global Research
Category: Book
List Price: $24.95
Buy New: $21.95
You Save: $3.00 (12%)
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Rating:  7 reviews
Sales Rank: 41982
Media: Paperback
Edition: 2
Pages: 400
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.2 x 5.3 x 0.9
ISBN: 0973714700
Dewey Decimal Number: 339.46091724
EAN: 9780973714708
ASIN: 0973714700
Publication Date: September 10, 2003
Availability: Usually ships in 1-2 business days
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Product Description
In this new and expanded edition of Chossudovsky s 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 skilful 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 liberalisation. Published in 11 languages. More than 100,000 copies sold Worldwide.
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| Customer Reviews: Read 2 more reviews...
Prophetic December 18, 2008
Eric Otto (Cincinnati, Ohio)
1 out of 1 found this review helpful
As we watch the economic melt down [or is it a take down?] of the US and first world countries at this period in time, it has a familiar M.O. that Michel Chossudovsky describes. Wealth is not local but global. The banks are given more and the real wealth producing industries are being reduced or eliminated. Vulture capitalism offers little for sustaining a middle class or entrepreneurial class in any country. Mostly the economic decisions are insane except if you want a permanent underclass and overclass.
The writing is dense and almost too much to absorb not because of the density but the meanness of it.
Another brilliant book by Chossudovsky! April 16, 2007
Rev. Richard S. (PV, Ca United States)
3 out of 3 found this review helpful
Chossudovsky is a brilliant economist and a burning torch for the truth that people are unable to see, hear, or accept due to the propaganda schemas that are embedded in their minds (like a microchip programming) by the global media cartel and the political demagogues.
Chossudovski analyzes the past and the present in relation to debt, globalization, and international financing. He dispels the myth of the good samaritan (like the IMF, the World bank, and the Federal Reserve, etc) that destroys economies of other countries, and impoverish them under the guise of capitalism (actually corporate socialism) and freedom, in order to own them. He clearly elucidates the dollarization process and its role in the New World Order. This book makes a powerful reading that sheds the light on a vanishing truth. I would highly recommend this volume to anyone who is interested in world finance as well as their future, and the future of their children.
Free Market Not Free, Ills of the 21st Century, Brilliant May 6, 2006
Robert D. Steele (Oakton, VA United States)
15 out of 17 found this review helpful
Although it saddens me to see a strong literature emerging today that was largely anticipated and ignored by people like David Barnett with his Global Reach work in the 1970's, it is a good thing that strong voices like those of this author are now making very comprehensive documented cases for how corporate power and privatized wealth are collapsing nations, bankrupting economies, and impoverishing more and more people unnecessarily.
The table of contents of this book is extraordinarily details and brilliant in its organization. Although the book is mostly case studies that one can read through rapidly if accepting of the author's key points, this may well be one of the finest itemizations of the ills of the 21st century: corporate power run amok, privatization and concentration of wealth (which is, incidentally, one of the precondition for revolution), the collapse of national and local economies (e.g. Wal-Mart), the dismantling of the welfare safety net in most countries, and the outbreak and spread of famine and civil war.
The author is probably the foremost scholar and commentator on how the "free" market is not so free, and how the existing capitalist system is predatory, aided by locked in privileges that the International Monetary Fund and the World Bank impose on nations foolish enough to accept their intervention. In this the author is consistent with Jeffrey Sachs (The End of Poverty) who has put forward the need for a complete make-over of developmental economics, to include an end of the normal business practices of the IMF and the World Bank.
I was tempted to remove one star for lack of sufficient reference to the works of others, but the personal insights and comprehensive review caused me to leave the ranking at five stars. I see a clear pattern emerging in the literature (see my other 700+ reviews) and what I am waiting for is for someone to cut the spines off all these books and "make sense" of the total picture in a manner comprehensible to the indivdual voter.
If we are to restore informed democracy and moral capitalism, this book is one of the foundation stones.
See also:
Confessions of an Economic Hit Man
Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil
The Global Class War: How America's Bipartisan Elite Lost Our Future - and What It Will Take to Win It Back
War on the Middle Class: How the Government, Big Business, and Special Interest Groups Are Waging War onthe American Dream and How to Fight Back
Screwed: The Undeclared War Against the Middle Class - And What We Can Do about It (BK Currents)
The Working Poor: Invisible in America
Off the Books: The Underground Economy of the Urban Poor
Nickel and Dimed: On (Not) Getting By in America
A rigged free market system March 30, 2006
Luc REYNAERT (Beernem, Belgium)
29 out of 29 found this review helpful
M. Chossudovsky attacks head on the New World Order imposed by the World Bank (WB0), the IMF and the WTO, calling their economic 'reforms' enforced on countries in distress not less than genocides.
Their 'free market' system is rigged. The WTO agreements grant entrenched rights to the world's largest financial and industrial conglomerates, derogating the ability of national governments to regulate their economies. The IMF programs enforce governments to privatize big chunks of their national economy, liberalize their markets and downsize social provisions (education, health, social security).
Their 'free' market system is synonym of human poverty, destruction of the natural environment, social apartheid, racism and ethnic strife, undermining of women's rights, economic dislocations, forced displacements, landless farmers, shuttered factories and jobless workers.
More, he accuses the IMF of supporting the appropriation of global wealth by speculators through manipulation of currency and commodity markets. It even manipulates itself its economic statistics in order to show that its policies work. Finally, it cooperates with warmongerers and 'peace keepers'.
He illustrates his verdicts with a host of examples.
Somalia: the entire social fabric of the pastoralist economy was undone through duty-free beef and dairy products from the EU.
Rwanda: the restructuring of the agricultural system precipitated the population into destitution, leading to a genocide.
Ethiopia: the Structural Adjustment Programme caused starvation.
Bangladesh: a devaluation and price liberalization exacerbated famine. Deregulation of the grain market meant dumping of US grain surpluses.
Brazil: enhancement of social polarization by supporting the land-owning class.
Peru: after liberalization, the price of bread increased more than 12 times.
Russia: helping the oligarchs.
India (Andhra Pradesh): repeal of minimum wages and support of caste exploitation
Yugoslavia: serving the strategic interests of Germany and the US by cutting the financial arteries between Belgrade and the republics.
Korea, Thailand, Indonesia: the vaults of the central banks (100 billion $) were pillaged by international speculators. The bail-outs of those countries were underwritten and guaranteed by the same Wall Street banks involved in the speculative assaults.
The author proposes a solution which will be extremely difficult to implement in our actual world, where media and governments are controlled by the powerful: democratization of the economic system and ownership structures, disarming of speculation, redistribution of income and wealth and rebuilding the Welfare State.
Michel Chossudovsky's book constitutes a devastating denunciation of an inhuman system sold by economic strangulating wolves clad in sheepskins.
It confirms the forceful analysis of globalization by Joseph Stiglitz.
A must read.
I also recommend a voice from the South: Walden Bello.
The Road to Serfdom January 10, 2005
Samurai
64 out of 66 found this review helpful
I was originally born in Uganda and I can assure you that Africans have always been suspicious of the so-called "aid" they receive since it almost always comes after a crisis that they can't quite explain (like how did a bunch of poor, illiterate preteens get the money to buy those fancy weapons, or why won't aid agencies buy food from the local farmers and distribute THAT).
Suspicions and rumors are insufficient to counter what appears, on the surface, to be international generosity. That is why I am grateful for Chossudosky's contrarian masterwork. It confirms the fears and suspicions regarding a return to colonialism and economic slavery. The fact that Chossudosky was willing to put his career on the line to write this hard-hitting book is worthy of our attention. He shows, without a shadow of a doubt, that there is a deliberate and systematic campaign of "economic genocide" against Africa and all other resource-rich regions. Neoliberalism have mastered the British colonial-era double-speak of "liberty", "democracy", "markets", etc. "Market liberalization" is nothing more than armed robbery. And "investment" is really nothing more than "asset stripping". The Adam Smith phraseology of free-trade and free markets is used, much like their British predecessors, to recolonize the world. Chossudosky shows how the "Washington Consesus" has embarked on a foreign policy strategy of economic sabotage and "strangulation." As Kissinger famously ordered, in the now declassified National Security Memorandum 200, Africans should be kept from becoming consumers of their own raw materials.
Chossudosky does an enormous favors to us neophytes by decoding the neoclassical econo-babble. His brilliant deconstruction of IMF structural adjustment policies is worth the price of this book alone. But he goes beyond that. He shows how nations can be brought to their knees through currency devaluations and speculative attacks. The whole cynical process of creating the crisis then blaming it on the victims, i.e. the "Asian" Crisis which is in fact an American Crisis, or the excuse used to maintain Odious Debt on impoverished nations: "their corrupt leaders are to blame for the Odious Debt". Yes but those "corrupt" leaders were trained at American military bases (much like the 9/11 hijackers), and are killing us with American made weapons (thanks again Kissinger). Besides, everytimes Africans (or Latin Americans) try to put a reformer or socialist democrat in power, he develops a nasty habit of being assisinated.
This book will make you angry at how long and how often you've been lied to. Everything you thought you knew about economics will be tested as the Machiavellian machinations of international creditors, grain companies, and financial "investors" is revealed in page after riveting page. I also recommend Michael Hudson's Super Imperialism and Horowitz' Emerging Viruses. If it's not out of print then get The Merchants of Grain. Some publishing companies are refusing to publish some of these books because of their controvesial nature so get them before they're made "out of print".
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