STWR - Share The World's Resources

We are living in a world that has entered into a reproductive system of war, militarization, destruction and dehumanization. For different reasons the US has emerged as the centre of this global system. 

As the controversy around Iraq War architect Paul Wolfowitz’s uncertain future as president of the World Bank intensifies, the financial institution is not only losing supporters. It’s also losing victims. 

The 20th century was a terrible blight on small farmers everywhere. In both wealthy capitalist economies and in socialist countries, farmers paid a heavy price for industrialization. 

The International Monetary Fund (IMF) and the World Bank are the major cause of poverty in African countries today. Despite claims that they will reduce poverty in Africa, it is widely accepted that most of the debts, as a cause of poverty in Africa, are due to the policies of the International Monetary Fund (IMF) and the World Bank.

Now is the time to rediscover John Maynard Keynes’s revolutionary ideas for an international trade organisation and adapt them to rebalance the world’s economies in the 21st century.

The evidence that its members states are seeking to escape from the International Monetary Fund’s “jurisdiction” continues to mount. 

Developing countries taking policy loans from the International Monetary Fund and the World Bank still have privatization and liberalization conditionalities attached to their loans, while the two institutions also make use of other methods to push their policies onto developing countries.