Posts Tagged: 9/11

The Arrogance of Power

Former Chairman of the Senate Foreign Relations Committee J. William Fulbright's observations and warnings appear deeply relevant to the United States under George W. Bush, particularly in the wake of the publication last week of the administration's sweeping National Security Strategy of the United States of America and its request that Congress authorize a war resolution arguably as broad and as unilateral as the Gulf of Tonkin Resolution approved in the early stages of the Vietnam War.
The United States' recent stance on the case of Saadeddin Ibrahim is the first time since the signing of the Camp David Accords 25 years ago that America has made its aid for Egypt conditional upon a human rights issue.
Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.
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