Operation Loot World?

Posted: January 17, 2012 in Children and Child Rights, Education, Geopolitics, Politics, Uncategorized, Youths and Nation

OPERATION Looting world

The advent of capitalism and its subsequent concept of globalization and privatization both fall under the same algorithm of looting countries the countries. In the first cycle countries were exploited under the name of capitalism and the when the countries identified the dictatorship exhibited, kicked British out. But the unidentified portions of wealth which British were not allowed to loot as has been planned to loot in the name of globalization and privatization which is the second cycle. The capitalization concept has weapon with preaching free trade as the main source and capitalized the wealth of all countries. This strategy became the sophisticated terminology for the word robbery and looting, probably we can term capitalism and globalization has become synonym because language is theirs. As the one of the synonym of robbery is known, the robber took another synonym of the robbery named globalization and its subsequent tag privatization. This are the two deadly genocide which has really pissed many countries.. If we study the Argentina economic collapse during the period of 1990-2000 which was guided by international monitory fund group in the name of the globalization has let them on to streets and this stands as best to study the effect of this genocide. During the Menem administration, Argentina was under the guidance of the International Monetary Fund (IMF), the World Bank (WB), and U.S. Treasury. The Structural Adjustment Programs was the heart of IMF and World Bank, which is aimed to implement “free market” programs and policy.  These two firms IMF and WB are derived from Bretton wood system follow the structural adjustment policy to give money to any country.

What these structural adjustments of imf and world bank include include?

Structural adjustments program is a set of conditions. The core point of IMF to lend a loan to any government, they have to accept the below condition which is mentioned in IMF website:

When a country borrows from the IMF, its government agrees to adjust its economic policies to overcome the problems that led it to seek financial aid from the international community. These loan conditions also serve to ensure that the country will be able to repay the Fund so that the resources can be made available to other members in need. In recent years, the IMF has streamlined conditionality in order to promote national ownership of strong and effective policies.

 Few of them conditions mentioned below as stated by wikipedia:

  • Cutting expenditures, also known as austerity.
  • Focusing economic output on direct export and resource extraction,
  • Devaluation of currencies,
  • Trade liberalization, or lifting import and export restrictions,
  • Increasing the stability of investment (by supplementing foreign direct investment with the opening of domestic stock markets),
  • Balancing budgets and not overspending,
  • Removing price controls and state subsidies,
  • Privatization, or divestiture of all or part of state-owned enterprises,
  • Enhancing the rights of foreign investors vis-a-vis national laws,
  • Improving governance and fighting corruption.

Donors of IMF and WB?

As mentioned by the reports of Wikipedia, IMF is supported solly its member states and where World Bank was supported by some corporations. As of now there are 185 Members of the IMF and 184 members of the World Bank. Members are assigned a quota to be reevaluated and paid on a rotating schedule. The assessed quota is based upon the donor country’s portion of the world economy. One of the critiques of SAPs is that the highest donating countries hold too much influence over which countries receive the loans and the SAPs that accompany them.

Some of the largest donors are:

How funds are raised from corporations by world bank?

Regarding this thinkprogress published a cover story on this how America council of chamber raise which is the major body runs the world bank get funds in three ways:

(1) An internal fundraising program called “Business Councils” used to solicit direct, largely foreign contributions to the Chamber,

(2) Direct contributions from foreign multinationals like BP, Siemens, and Shell Oil, and

(3) From the Chamber’s network of AmCham affiliates, which are foreign chambers of the Chamber composed of American and foreign companies

It is disclosed that nearly $885,000 dollars are received as donation from corporate companies from all across world. .one of the chamber member in an media stated: “We have probably 60 or so foreign multi-national companies in our membership that we have had for decades, many of which have been in the United States for half a century or a century,” said Josten.

The research conducted by thinkprogress has listed 80 companies as donars who intended to set their flag in all countries where they can expand their business are listed below:

Company Location Money/Level
4G Identity Solutions Hyderabad, India $7,500
A2Z Maintenance & Eng. Gurgaon, India $7,500
Amarchand Mangaldas Mumbai, India $15,000
Apollo Hospitals Chennai, India $7,500
Arshiya International Mumbai, India $15,000
Astonfield Management Mumbai, India $7,500
AXA Group Paris, France $7,500
Avantha Group India $7,500
Avasarala Technologies Bangalore, India $7,500
AZB & Partners Mumbai, India $15,000
Azure Power New Delhi, India $7,500
Bharat Forge Pune, India $15,000
Blake, Cassels & Graydon LLP Toronto, Canada $7,500
Brookfield Asset Management Toronto, Canada $7,500
Cameco Corporation Saskatoon, Canada $7,500
Credit Suisse Zürich, Switzerland $15,000
Devas Multimedia Bangalore, India $15,000
DSK Legal Bombay, India $7,500
Dua Associates Hyderabad, India $15,000
Educomp Solutions Ltd Delhi, India $7,500
Essar Group Mumbai, India $7,500
Fox Mandal Little India $7,500
GMR Bangalore, India $15,000
Hindalco Group, The Mumbai, India $15,000
Hinduja Group, The London, UK $15,000
Hindustan Construction Company Mumbai, India $15,000
HSBC London, UK $15,000
ICICI Bank Mumbia, India $7,500
Infosys Bangalore, India $15,000
Infotech Enterprises Hyderabad, India $7,500
International SOS Assistance Singapore $7,500
Ireo Management Gurgoan, India $15,000
ITC Group Kolkata, India $15,000
J. Sagar Associates Mumbai, India $15,000
J.B.Boda Insurance Mumbai, India $7,500
J.M. Baxi & Co. Mumbai, India $15,000
Jagran Prakashan Kanpur, India $7,500
Jindal Power New Delhi, India $15,000
Jubilant Organosys Noida, India $7,500
Kimaya Energy New Delhi, India $15,000
Kotak Mahindra Mumbai, India $7,500
KPIT Cummins Pune, India $7,500
KPMG Amstelveen, Netherlands $15,000
Lahmeyer International Frankfurt, Germany $7,500
Larsen & Toubro Mumbai, India $15,000
Leela Hotels Bengaluru, India $7,500
Linklaters LLP London, UK $7,500
Luthra & Luthra New Delhi, India $15,000
Macquarie Capital Sydney, Australia $15,000
Majmudar & Company Mumbai, India $7,500
NIIT Technologies Delhi, India $15,000
Nishith Desai Associates Mumbai, India $15,000
Novartis Basel, Switzerland $15,000
Oberoi Group Dehli,India $7,500
Patni Americas Mumbai, India $15,000
Punj Lloyd Gurgaon, India $15,000
QuEST Global Singapore $7,500
Ranbaxy, Inc. Gurgaon, India $7,500
Reliance Industries Mumbai, India $15,000
Reliance Communications Navi Mumbai, India $7,500
Rolta Mumbai, India $7,500
Sanofi-Aventis Paris, France $7,500
SKP Crossborder Consulting Mumbai, India $7,500
SNC Lavalin Montreal, Canada $7,500
State Bank of India Mumbai, India $15,000
Sun Life Financial Toronto, Canada $7,500
Tata Group Mumbai, India $15,000
Tatva Legal India $15,000
Urenco Investments Slough, UK $7,500
Trilegal India $7,500
Walchandnagar Industries Mumbai, India $7,500
Welspun Mumbai, India $7,500
Wipro Bangalore, India $15,000
TAIB Bank* Dubai $20,000
Aluminum Bahrain B.S.C Kingdom of Bahrain $10,000
Bahrain Financial Harbour Holding Company Kingdom of Bahrain $10,000
Gulf Air Kingdom of Bahrain $10,000
Midal Cables Kingdom of Bahrain $10,000
The Nass Group Kingdom of Bahrain $10,000
Bahrain Maritime & Mercantile International Kingdom of Bahrain $5,000
The Bahrain Petroleum Company Kingdom of Bahrain $5,000
First Leasing Bank Kingdom of Bahrain $5,000
Gulf Petrochemical Industries Company Kingdom of Bahrain $5,000
TOTAL $885,000

Even the chamber campaign states: “access to the US Chamber of Commerce and everything that it does” and pledges to help the foreign firms promote free trade policies in America”. But the research also says the strong hold of chambers in countries of korea, india, beharin, Egypt. This funding is the main source for the world bank to acquire money as donations and irony is this donations are given as loans only if the country accept their structural conditions mentioned above and  push all these corporation in to third world countries and hold the economy of the country.

Strategy they implement:

With the creation of phenomenon of uncertain condition of loss instead of profit , the private companies are pushed in to state and property were kept under control of private firms, which in number will increase and finally occupy a prominent place in the shares  of public firms where the economic status becomes dependent on the private company policy. Which when wanted to increase the sales and profit creates situation of inflation as they are the donors of the World Bank and American council of chambers, when the income is taken out back the account of all America banks seems to be empty and inflation comes and all the property will be sold 1o times less than actual price and once this process is done IMF and World Bank again enters in to picture and again gives loan to country and makes its roots strong.

The beauty of donating the loan is done only when you accept this all conditions in which receiving country need to agree all the constraints like free trade, open market and price fixing on commodities by international body at local level etc… The point is how come a foreign body dictates laws on local body when they lend money to country. It’s nothing but trying to establish slavery system as lending money is for a purpose.

It is to be remembered that political system of country is not disciplined by change of political policies alone but rather it is a mixed whine of socio-economic and political policies make the political system strong. The two factors socio-economic and political policies are interdependent on each other. So change in the economic policy will surely make an impact on the political policy. This is the equation which has been used by economists of robbers to screw every country and get hold of country. Due to greater hold on the economics status of a country corporations were able influence political process

Previously to take over country weapons are used but now its economic physiology is used as weapon to conquer the country…

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