World Bank to give $944 mn loan to India
This news item appeared in rediff today.
Laozi, philosopher in ancient China, said in his book 'Tao te Ching' that 'thorn bushes spring up wherever the army has passed'. I think that statement could be adopted to our times too. We could say that pollution, exploitation and resource depletion will spread on an epidemic scale in all places the World bank and the IMF have cast their eyes on.
The world bank is NOT our nice neighbourhood well to do man whom we can rely on to take care of our sudden financial needs. It is controlled primarily by the american government which in turn is controlled by transnational corporations. So, no such benevolent act of world bank comes without threads attached. You can find tonnes of resources on the Internet and possibly in your local bookstore on the workings of the World bank. One starting point could be this site - '50 years is enough'.
The news item referred to earlier does not mention what concessions India had to make to the all powerful TNC's to get this loan. It would be interesting to know them. Also, it explicitly states that 64 of the 944 million dollars is going to Karnataka. Caveat diga nation!!!
This news item appeared in rediff today.
Laozi, philosopher in ancient China, said in his book 'Tao te Ching' that 'thorn bushes spring up wherever the army has passed'. I think that statement could be adopted to our times too. We could say that pollution, exploitation and resource depletion will spread on an epidemic scale in all places the World bank and the IMF have cast their eyes on.
The world bank is NOT our nice neighbourhood well to do man whom we can rely on to take care of our sudden financial needs. It is controlled primarily by the american government which in turn is controlled by transnational corporations. So, no such benevolent act of world bank comes without threads attached. You can find tonnes of resources on the Internet and possibly in your local bookstore on the workings of the World bank. One starting point could be this site - '50 years is enough'.
The news item referred to earlier does not mention what concessions India had to make to the all powerful TNC's to get this loan. It would be interesting to know them. Also, it explicitly states that 64 of the 944 million dollars is going to Karnataka. Caveat diga nation!!!
3 comments:
The Indian government officials obviously know that by getting loan from World Bank that they are sowing seeds for thorns(Pollution,Unemployment, Poverty , Massive western culture invasion) to show up in few years or decades.
Their attitude is "Hey why the hell I should care for the things down the line. I will be out from the power and enjoying in a developed country by the time, the thorns show up in all corners of India.
Indian government officials lack vision and sense of responsibility.
@karthik - I really don't know if they even realize that they are sowing the seeds... Growth and development at any cost is the mantra these days.. and of course.. even if they realize it, what you say is true... sad state of affairs...
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