Former World Bank Staffer Explains How Neoliberalism Is Destroying The World

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Above Photo: From activistpost.com

More destructive than bombs, money has become the weapon of choice for the global elite, for the hidden hand of finance can plunder and conquer entire nations, assimilate whole cultures, exploit resources and rape the earth while forcing billions into poverty, all with the surprising stealth of pen-strokes and business contracts.

Neoliberalism is the economic and political philosophic driving force in the world today. It suggests that human progress is the result of competition, best expressed by an extremist version of unfettered capitalism, where privatization of profits and socialization of losses are acceptable ethics, regardless of human and environmental costs incurred along the way.

Neoliberalism is the killer plague of the 21st century. Neoliberalism is economic fascism. It is a criminal doctrine. Globalized neoliberalism privatizes public goods for private profit. Neoliberalism led by Washington with the shameful complicity of Europe has in the last fifteen years killed between 12 and 15 million people by wars, famine, deprived health services… forced refugees. Today a small world elite of corporate and Wall Street CEOs and selected politicians call the shots. ~Peter Koenig

First defined in 1938, its global implementation today is the product of the Washington Consensus of 1989 which describes a set of economic prescriptions for developing and crisis-wracked nations created by the World Bank, the International Monetary Fund and the U.S. Treasury Department. It is a policy which relies on the creation of social and financial crises to distract and soften target nations and peoples, creating problems while providing the ‘solutions.’

At present, Mexico is on the brink of revolution, a direct result of the fallout of three decades of neoliberal policy.

It [Neoliberalism] finds that representative democracy has been perverted through fear, putting central political decisions in the hands of power groups with special interests.

The social impact of this process has been devastating, with a polarized income distribution, falling wages, increased precarious jobs, rising inequality, and extreme violence. Health conditions have also deteriorated and disorders associated with violence, chronic stress, and a changing nutritional culture have become dominating. [Source]

Journalist George Monbiot describes neoliberalism as follows:

Neoliberalism sees competition as the defining characteristic of human relations. It redefines citizens as consumers, whose democratic choices are best exercised by buying and selling, a process that rewards merit and punishes inefficiency. It maintains that “the market” delivers benefits that could never be achieved by planning.

Attempts to limit competition are treated as inimical to liberty. Tax and regulation should be minimised, public services should be privatised. The organisation of labour and collective bargaining by trade unions are portrayed as market distortions that impede the formation of a natural hierarchy of winners and losers. Inequality is recast as virtuous: a reward for utility and a generator of wealth, which trickles down to enrich everyone. Efforts to create a more equal society are both counterproductive and morally corrosive. The market ensures that everyone gets what they deserve. ~[Source]

Economic hitman turned whistleblower, John Perkins, wrote in detail of his ‘boots-on-the-ground’ experiences in conquering third-world nations through economic aid and infrastructure financing in his seminal classic, Confessions of an Economic Hitman. He’s since been on a world crusade to expose the madness of neoliberalism, seeking redemption by connecting with many of the indigenous cultures he previously had worked to enslave and oppress.

In recent years, Greece has become a more visible victim of this policy as the IMF and the European Union have forced the people of this ancient culture into austerity and starvation as part of a plan of economic restructuring to force repayment of illegitimate debts to international bankers.

Speaking at The Delphi Initiative in 2015, economist, geopolitical analyst, and former World Bank staffer, Peter Koenig, explained the scourge of this political and economic philosophy and how it is destroying our world today.

What we are confronted with today is the globalization, and the globalization basically that we are living is like a fetish of the neoliberals. The neoliberals who want to reduce the world to one culture, to one set of values, all based on greed consumption and maximizing profits. ~Peter Koenig

Koenig also speaks of neoliberalism as the root of the type of endless global conflict we see today, including wars of occupation and their resulting terrorism, noting that the U.S. economy is now so dependent on military spending that if peace were to break out, our economy would collapse.

Although from 2015, Koenig’s message is critically important today as the world continues to wake up to the reality that our lives are in the hands of a small exploitative group of inhumane corporations and governments who will stop at nothing to control the resources which make life possible, including water, destroying any civilization that stands in its way.

  • gardensheila

    Somehow, they have convinced the world that profiteering is the primary good, that will “lift all boats.” 40 years demonstrating it’s not true doesn’t seem to have changed the belief system. It’s as sick as any other organized religion. False beliefs and coercion rampantly destroying our chances for survival. Humans will consider any delusion rather than face the fact that we do not have the personal control that we want to believe we have. Chronic victims of abuse plan to be more careful in order not to “cause” more abuse. People avoid someone who has experienced a tragedy in order to avoid facing the idea that tragedy could happen to them. People invent “welfare queens” in order to prove to themselves that they would never be in need the same way. We are fucked because of our ability to imagine we are immune from random events and that our “judgment and personal responsibility” keeps us safe from the disasters that happen to “other people.” It must be the other person’s flaws and failures rather than the inevitable uncertainty that is a primary factor in all of our lives. I see it everywhere and it’s not recognized as a critical factor in the politics we end up with.

  • DHFabian

    Here in the US, the Clinton wing sold a good deal of neoliberal ideology to the beat of a rock and roll song. This deeply split apart those who are not on the right wing, middle class vs. poor, workers vs. the jobless. Divide and conquer. We have made ourselves 100% dependent on the corporate state — employers.

    Results: The overall quality of life in the US was rated at #1 when Reagan was first elected (far from perfect, but better), implementing the right wing agenda. This had already sunk to #48 by the time Obama was elected. As long as we refuse to begin acknowledging and legitimately dealing with the consequences — our poverty crisis — we will continue to slowly transition into just another third world labor state. Keep in mind that US corporate powers are now international entities, no longer dependent on US workers or consumers.