Unholy Trinity: The IMF, World Bank and WTO

Posted by "Sayf Maslul"


"Our lives are all affected by three hugely powerful and well financed, but undemocratic, organizations: the International Monetary Fund, the World Bank and the World Trade Organization. These institutions share a common ideology. They aggressively promote "corporate" capitalism, neoliberalism, giving free rein to the interests of a small number of transnational corporations." [Richard Peet]




“...While the IMF certainly failed the people of Asia, it did not fail Wall Street - far from it. The hot money may have been spooked by the IMF's drastic measures, but the large investment houses and multinational firms were emboldened...These fun-seeking firms understood that as a result of the IMF's "adjustments," pretty much everything in Asia was now up for sale - and the more the market panicked, the more desperate Asian companies would be to sell, pushing their prices through the floor.” [Naomi Klein, The Shock Doctrine: The Rise of Disaster Capitalism]

You can read passages from the selected pages of Unholy Trinity: The IMF, World Bank and WTO, here: 
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