Surviving Capitalism (Not) : World Bank Whistle-blower. Confidence in the Dollar as an International Currency Is Waning. The End of Bretton Woods ?

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, May 2, 2013

World Bank Whistle-blower. Confidence in the Dollar as an International Currency Is Waning. The End of Bretton Woods ?

Click here to access article by Karen Hudes from nsnbc.

In my hurried preparations for a long-planned outing today, I do have the time to study this thoroughly. But, I believe this report suggests some critically important political features of American capitalism that are rarely reported in mainstream media. The constant refusal by executives of the leading financial institutions to cooperate with Congressional in their attempts to obtain information about banking operations.

Later in the article I noted that the latter was explained with the author, who worked as an attorney for the World Bank, alleged that the concentrated media is owned and controlled by the same people who own and control the major banking institutions. They accomplish this by a common feature of our major economic institutions: through interlocking directorships.

Anyway, having ascertained its importance to our understanding of where real power lies in our society and the world, I leave it to you to fully examine her report.