Before Robert Zoellick is confirmed as president of the World Bank Group, his bosses on the World Bank’s board should ask him a simple question: Are you, like your predecessor Paul Wolfowitz, aiming to get rich off of eliminating poverty?
Mr. Hardball Goes to the World Bank
Nine days after the September 11 terrorist attacks, I opened up The Washington Post and stared right into the flinty mind of one Robert B. Zoellick, the Bush administration’s pick for new World Bank president.
The Question Not Asked
The scandal over the salaries paid to World Bank president Paul Wolfowitz’s friends and lover opened the door to good questions about both the bank and its president. Wolfowitz’s resignation answered some of them, but one of the best questions of all has yet to be asked: is there a larger problem with an institution claiming to be “working for a world free of poverty” paying those salaries to anyone?
Focusing the Struggle
The World Social Forum’s primary achievements are gathering the multiplicity of movements fighting neoliberal capitalism and imperialism, and maintaining the open space to keep alive mutual education and networking. But aside from the kinds of adverse power relations critiqued by grassroots activists in Nairobi, the WSF’s main disappointment remains our inability to converge on strategy, generate agreed-on joint actions, and forge cross-sectoral ties.
Another Forum is Possible
The conversations I’ve had with friends and colleagues about the WSF seem eerily similar to the kinds of things we’d say about some of the large music festivals we’ve attended in our lives. In this age of mega-concerts, we hark back to a golden age when you could still actually see the stage without the aid of a television screen the size of a small country; there weren’t any cash machines or mobile phone top-up kiosks around; and you didn’t need to know some concert promoter’s cousin’s dentist to get a ticket that sells out in three nanoseconds on the net.
Adios, World Bank!
As the controversy around Iraq War architect Paul Wolfowitz’s uncertain future as president of the World Bank intensifies, the financial institution is not only losing supporters. It’s also losing victims. In Latin America, countries are paying off their World Bank loans early, cutting off ties with the Bank, and creating their own financing instruments to replace the world’s oldest multilateral lending agency.
The Best and Worst of Nairobi
The World Social Forum’s greatest achievement in Nairobi was creating this space where over 70,000 people representing social movements from all over the world could gather and reflect on successes and strategize for the future. One key thing that came out was the formation of the Africa Water Network. It was just an idea at the beginning of the week in Nairobi. But over the week, leadership evolved, ideas evolved, and a network was born. That’s the WSF at its best. Many people from many different countries can come together to create synergy and in this case a concrete network fighting the privatization of this critical resource, water. The network includes not only activists but engineers and people linked to governments as well.
Raw Deal Between Washington and Seoul
In recent weeks, tens of thousands of South Koreans have demonstrated their opposition to a sweeping free trade agreement (FTA) signed on April 1 by the United States and South Korean governments. Although polls show that a slight majority of Korean citizens support the pact, Korean workers and farmers want their parliament to reject the agreement and have demanded that President Roh Moo-Hyun hold a public referendum on the issue. Leading politicians, including the former chairman of the ruling Uri Party, have participated in hunger strikes to protest the pact, and two activists have taken the extreme step of lighting themselves on fire to call attention to economic disparities in their country that will be exacerbated by the agreement.
Blood Money: U.S. Bank Funds Korean Project That Will Destroy Native Community
“When you share love’s warmth, it returns even warmer. Together we can move the world.”
IMF Confidence Crisis
As International Monetary Fund (IMF) and World Bank officials engage in their joint semi-annual meetings in Washington, the Fund has a nettlesome new task: convincing its shareholders (most of the world’s governments, represented at the meeting by Finance Ministers and Central Bank Governors) that the institution should continue to exist.