Quotations From Robin Hahnel
"What I called 'The Great Global Asset Swindle', when writing about it in Z Magazine in the aftermath of the Asian financial crisis, works like this: international investors lose confidence in a third world economy — dumping its currency, bonds and stocks. At the insistence of the IMF, the central bank in the third world country tightens the money supply to boost interest rates to prevent further capital outflows in an unsuccessful attempt to protect the currency. Even healthy domestic companies can no longer afford or maintain loans so they join the ranks of bankrupted domestic businesses available for purchase. As a precondition for receiving the IMF bailout the government abolishes any remaining restrictions on foreign ownership of corporations, banks and land. With a depreciated local currency, and a long list of bankrupt local businesses, the economy is ready for the acquisition experts from Western multinational corporations and banks who come to the fire sale with a thick wad of almighty dollars in their pockets."
Read more about this topic: Robin Hahnel
Famous quotes containing the words quotations from, quotations and/or robin:
“Reading any collection of a man’s quotations is like eating the ingredients that go into a stew instead of cooking them together in the pot. You eat all the carrots, then all the potatoes, then the meat. You won’t go away hungry, but it’s not quite satisfying. Only a biography, or autobiography, gives you the hot meal.”
—Christopher Buckley, U.S. author. A review of three books of quotations from Newt Gingrich. “Newtie’s Greatest Hits,” The New York Times Book Review (March 12, 1995)
“A book that furnishes no quotations is, me judice, no book—it is a plaything.”
—Thomas Love Peacock (1785–1866)
“It does make a big difference, it is why Robin Hood lives,
crime if you know the reason if you know the motive
if you can understand the character if it is not a
normal one is not interesting a crime in itself is
not interesting it is only there and when it is there
everybody has to take notice of it. It is important
in that way but in every other way it is not
important.”
—Gertrude Stein (1874–1946)