Wednesday, March 16, 2005

Wolfowitz, World Bank

Editor,
The problem with Paul D. Wolfowitz's being appointed president of the World Bank is not his aggressive militarism but his ideological infatuation with free-market radicalism. Wealthy investors do benefit from privatizing essential services in developing economies, but the poor people who live there -- the people who are supposed to benefit from World Bank policies -- are driven deeper into the dirt by it. Paul Wolfowitz represents the most brazenly and unapologetically predatory faction of the American ruling class and will sow misery in any developing economy he touches.

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