The Globalization of Poverty and the
New World Order by Michel
Chossudovsky
Another Brilliant Book By Chossudovsky!
In this new and expanded edition of Chossudovsky’s international best-
seller, the author outlines the contours of a New World Order which feeds
on human poverty and the destruction of the environment, generates social
apartheid, encourages racism and ethnic strife and undermines the rights
of women. The result as his detailed examples from all parts of the world
show so convincingly, is a globalization of poverty. This book is a skilful
combination of lucid explanation and cogently argued critique of the
fundamental directions in which our world is moving financially and
economically. In this new enlarged edition –which includes ten new
chapters and a new introduction-- the author reviews the causes and
consequences of famine in Sub-Saharan Africa, the dramatic meltdown of
financial markets, the demise of State social programs and the devastation

resulting from corporate downsizing and trade liberalisation. Published in
11 languages. More than 100,000 copies sold Worldwide.
Personal Review: The Globalization of Poverty and the New
World Order by Michel Chossudovsky
Although it saddens me to see a strong literature emerging today that was
largely anticipated and ignored by people like David Barnett with his Global
Reach work in the 1970's, it is a good thing that strong voices like those of
this author are now making very comprehensive documented cases for
how corporate power and privatized wealth are collapsing nations,
bankrupting economies, and impoverishing more and more people
unnecessarily.
The table of contents of this book is extraordinarily details and brilliant in its
organization. Although the book is mostly case studies that one can read
through rapidly if accepting of the author's key points, this may well be one
of the finest itemizations of the ills of the 21st century: corporate power run
amok, privatization and concentration of wealth (which is, incidentally, one
of the precondition for revolution), the collapse of national and local
economies (e.g. Wal-Mart), the dismantling of the welfare safety net in
most countries, and the outbreak and spread of famine and civil war.
The author is probably the foremost scholar and commentator on how the
"free" market is not so free, and how the existing capitalist system is
predatory, aided by locked in privileges that the International Monetary
Fund and the World Bank impose on nations foolish enough to accept their
intervention. In this the author is consistent with Jeffrey Sachs (The End of
Poverty) who has put forward the need for a complete make-over of
developmental economics, to include an end of the normal business
practices of the IMF and the World Bank.
I was tempted to remove one star for lack of sufficient reference to the
works of others, but the personal insights and comprehensive review
caused me to leave the ranking at five stars. I see a clear pattern
emerging in the literature (see my other 700+ reviews) and what I am
waiting for is for someone to cut the spines off all these books and "make
sense" of the total picture in a manner comprehensible to the indivdual
voter.
If we are to restore informed democracy and moral capitalism, this book is
one of the foundation stones.
See also:
Confessions of an Economic Hit Man
Crossing the Rubicon: The Decline of the American Empire at the End of
the Age of Oil
The Global Class War: How America's Bipartisan Elite Lost Our Future -
and What It Will Take to Win It Back

War on the Middle Class: How the Government, Big Business, and Special
Interest Groups Are Waging War onthe American Dream and How to Fight
Back
Screwed: The Undeclared War Against the Middle Class - And What We
Can Do about It (BK Currents)
The Working Poor: Invisible in America
Off the Books: The Underground Economy of the Urban Poor
Nickel and Dimed: On (Not) Getting By in America
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