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The Clinton administration went further than Reagan and Bush, announcing in 1993 that all U.S. foreign policy would be guided by the doctrine of "enlargement," aimed at expanding the community of democratic states.
The Overseas Private Investment Corporation (OPIC), a wholly owned government corporation established in 1971, provides taxpayer-backed loans, loan guarantees, and insurance to U.S. businesses for investments in "politically risky" countries.
As neoliberal policies foster greater privatization of the international financial system, countries must rely almost entirely on private financial flows to finance trade, to settle international accounts, even to meet domestic credit needs.
The Pentagon has inflated the North Korean threat in order to rationalize its desire for a missile defense system, to justify a capacity to fight two wars simultaneously, and to explain the need to maintain 37,000 troops in South Korea.
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