I'm a wretch, who, by His glorious grace, has been adopted by the God of the universe. Praise Jesus from coming in the flesh and dying on the cross for the sins of the world to redeem fallen humanity to God. I'm seeking God in all I do, trying to be led by the Spirit-- seeking first His kingdom and His righteousness.
From the end of WWII, we began to abolish empire. The U.S. which had few colonies looked with envy at those of the British, French and Japanese, and supported their independence, thinking that afterward, they would be controlled in other ways. That’s effectively what’s going on today. These countries are practically politically independent. They have their own government, but they are within an institutional system, which introduces a form of neocolonialism. Because many policies which are forced upon indebted countries of the South are dictated from Washington, by the World Bank and the International Monetary Fund. These counties must also submit to rules created by the World Trade Organization based in Geneva.
…From the beginning the independent states were born with a debt, which allowed the World Bank to tell them: “You owe us, so you’ll have to follow our advice and we’ll tell you how to develop.” Now we are in the 60s and the World Ban tells them: “Take more loans to build large infrastructures, to globally export your natural resources.” McNamara, who became President of the World Bank in 1968, pushed the concept of fighting poverty. But at the same time enormous projects had to be supported, like the Inga Dam on Lower Congo, gigantic energy projects which increased the Third World debt.”
Documentary: The End of Poverty?
