Sunday, April 03, 2005

Wolfowitz/Cheney = World Bank

Interesting commentary. - Vox
http://www.guerrillanews.com/articles/1249/Cheney_s_Oil_Change

"Dick Cheney, a long-time beneficiary of World Bank largess, has moved to take ownership of the world’s development coffers through his man, Wolfowitz. For his part, Wolfowitz will have a chance to extend his Iraq reconstruction theories to the global level. These concepts mostly involve U.S. control over energy resources. While the Bank, over which the U.S. holds de facto veto power, has done a lot for the nation’s oil interests over the years, his nomination is a clear signal that the administration craves more."...

"Wolfowitz never really emphasized eliminating global poverty-<>the World Bank’s stated mission-as a national strategic priority. Bush points to Wolfowitz’s stint as U.S. Ambassador to Indonesia as proof of his “commitment to development.” But as an envoy he obsessed about gaining U.S. corporate access to Indonesia’s energy resources in the 1980s, at a time when strongman Suharto banned opposition, and skimmed plenty from World Bank and other development finance groups."...

"Cheney and Wolfowitz understand that global hegemony requires control over the three pillars of power: military, political, and economic. The World Bank sets the terms of global development. When developing countries started demanding a decrease in U.S. political power in the institution, when the Bank balked at supporting Wolfowitz’s reconstruction and debt cancellation plans for Iraq, and when a Bank-commissioned study recommended getting out of the oil business, the World Bank became a natural target for a hostile takeover."...

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