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Friday, June 11, 2010

World Bank and IMF: Financial Cops of Western hegemony http://usa.mediamonitors.net/content/view/full/75424

"Prior to the most recent financial crisis, uttering the phrase “government bailout” in the US would immediately have evoked labels like backward and/or communist. However, the crisis has shown that some regulations are necessary and deregulated economies do not result in economic development and social justice. The standardized notion of a “free market economy” not only fails to provide adequate economic success to the masses, but also fails to sustain the hoarded wealth of the elites who manufacture the rules of the modern economic bubble."

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