Abstract

Beat the Devil
Cockburn, Alexander | December 13, 1993 issue

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The NAFTA loss was a bad one, added to which we had to listen to torrents of nonsense about "an agreement in the great tradition of Bretton Woods." In 1944 the Bretton Woods Conference gave us the IMF and the World Bank, two of the leading agencies of misery on the planet ever since. In 1994 the World Bank will be fifty years old. Its career in bolstering tyranny began in 1947 with a $195 million reconstruction loan to the Netherlands, thus providing that impoverished country with resources to recover on the domestic front while unleashing a colonial war against the nascent Indonesia.

See Also:

BRETTON Woods System; ECONOMIC policy; WORLD Bank Group; WAR; NETHERLANDS; INDONESIA
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