http://johnpilger.com/videos/the-new-rulers-of-the-world
, “Indonesia’s economy was effectively redesigned in America, giving the West access to vast mineral wealth, markets and cheap labour – what President Nixon called the greatest prize in Asia.” In 1997, the World Bank had called the country a “model pupil” of the global economy.
The IMF’s first deputy managing director, Stanley Fischer, tells Pilger that complete debt cancellation is not the only means of relieving poverty around the world – governments should be willing to integrate with Western economies. Meanwhle, Barry Coates, of the World Development Movement, suggests that consumers should put pressure on retailers and manufacturers to provide information on the source of products and give assurances about the conditions under which they are produced.
Pilger concludes with his own prescription: “Why not abolish the World Bank and the IMF and the World Trade Organization, and replace them with genuine trade and development institutions that are democratically accountable? And why not cancel a debt that condemns nations like Indonesia to poverty and disease?”