The Globalization of Poverty and the New World Order - Softcover

Chossudovsky, Michel

Softcover

ISBN 10: 0973714700 ISBN 13: 9780973714708

Publisher: Global Research, 2003

Synopsis

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. This book reviews the causes and consequences of famine in Sub-Saharan Africa, and the dramatic meltdown of financial markets.

About this title

From the Publisher:

Published in 11 languages. More than 100,000 copies sold Worldwide

From the Author:

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%. While food prices had skyrocketed, wages had been frozen to ensure "economic stability and stave off inflationary pressures." From one day to the next, an entire country was precipitated into abysmal poverty: in less than a year the price of bread in Chile increased thirty-six times and eighty-five percent of the Chilean population had been driven below the poverty line.

These events affected me profoundly in my work as an economist. Through the tampering of prices, wages and interest rates, people’s lives had been destroyed; an entire national economy had been destabilized. I started to understand that macro-economic reform was neither "neutral" – as claimed by the academic mainstream – nor separate from the broader process of social and political transformation. In my earlier writings on the Chilean military Junta, I looked upon the so-called "free market" as a well-organized instrument of "economic repression".

About this edition

• Publisher: Global Research
• Publication date: 2003
• ISBN 10: 0973714700
• ISBN 13: 9780973714708
• Binding: Paperback
• Edition number: 2
• Number of pages: 376