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Wednesday, May 25, 2011

Obama: Arab Spring provides a moment of opportunity (for World Bank, IMF and their cronies) http://alethonews.wordpress.com/2011/05/24/obama-arab-spring-provides-a-“moment-of-opportunity”-for-world-bank-imf-and-their-cronies/

In his economics-centred “Arab Spring” speech, President Obama outlines the kind of “freedom” Arab protestors have won:So, drawing from what we’ve learned around the world, we think it’s important to focus on trade, not just aid; on investment, not just assistance. The goal must be a model in which protectionism gives way to openness, the reigns of commerce pass from the few to the many, and the economy generates jobs for the young. America’s support for democracy will therefore be based on ensuring financial stability,

promoting reform, and integrating competitive markets with each other and the global economy. And we’re going to start with Tunisia and Egypt.First, we’ve asked the World Bank and the International Monetary Fund to present a plan at next week’s G8 summit for what needs to be done to stabilize and modernize the economies of Tunisia and Egypt. 

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