Some of the key players in this worldwide infrastructure boom are huge investors such as the World Bank. The past few years and decades have seen the rise of major new investment banks, such as the recently founded Asian Infrastructure Investment Bank (AIIB), and the dramatic growth of funds such as the Brazilian Development Bank (BNDES).
The new banks, along with traditional big lenders such as the World Bank, the International Monetary Fund, and the Asian, African, and Inter-American Development Banks, are very fond of funding big infrastructure such as roads, dams, gas lines, mining projects, and so on.
Some people had hoped that these banks would promote sustainable and socially equitable development, but it now seems that they could end up doing precisely the opposite.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Saturday, June 18, 2016
Development banks threaten to unleash an infrastructure tsunami on the environment
Click here to access article by Bill Laurance from The Conversation.