3/23/2005

Cheney's oil change at the World Bank

From Jim Vallette of Counterpunch:
He wasn't in the room when President George W. Bush announced it on Wednesday, but somewhere, Vice President Dick Cheney must have been smiling--well, smirking--when the commander-in-chief's voice coupled the improbable name Paul Wolfowitz with the title "President of the World Bank." Cheney and Deputy Defense Secretary Wolfowitz have long worked hand-in-glove on a global quest for U.S. domination over world affairs. This latest action is as bold as the invasion of Iraq two years ago. Dick Cheney, a long-time beneficiary of World Bank largess, has moved to take ownership of the world's development coffers through his man, Wolfowitz. For his part, Wolfowitz will have a chance to extend his Iraq reconstruction theories to the global level. These concepts mostly involve U.S. control over energy resources. While the Bank, over which the U.S. holds de facto veto power, has done a lot for the nation's oil interests over the years, his nomination is a clear signal that the administration craves more...Like others in the Bush administration, Wolfowitz is consistent. In and out of office, he has articulated a clear vision of U.S. being the world's only superpower, fueled by free-flowing Persian Gulf oil...Cheney and Wolfowitz understand that global hegemony requires control over the three pillars of power: military, political, and economic. The World Bank sets the terms of global development. When developing countries started demanding a decrease in U.S. political power in the institution, when the Bank balked at supporting Wolfowitz's reconstruction and debt cancellation plans for Iraq, and when a Bank-commissioned study recommended getting out of the oil business, the World Bank became a natural target for a hostile takeover. Cheney wants in. There's no stopping him now, unless Europe, industrialized Asia, and the Global South decide to put up a fight.

0 Comments:

Post a Comment

<< Home

|