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By Walden Bello

This can be a brief and trenchant historical past of the organizations--the international financial institution, IMF, WTO, and staff of Seven--that have promoted fiscal globalization and that are now attempting to deal with the unmanageable. Walden Bello issues to their happen failings, visible in recurrent monetary crises, the ever widening gulf among constructing and industrialized international locations, the patience of gross inequalities, and mass poverty. He examines new rules for reforming global monetary administration, and argues even more primary and radical shift of path is needed.

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Not even the Cold War was presented in such totalistic terms as the ‘War against Terror’. Laws and executive orders restricting the rights to privacy and free movement have been passed with a speed and in a manner that would have turned Joe McCarthy green with envy. The United States was scarcely three months into the war when legislation had already been passed and executive orders signed that established secret military tribunals to try non-US citizens; imposed guilt by association on immigrants; launched a massive effort to track down , young Muslim men; authorized the attorneygeneral to lock up aliens indefinitely on mere suspicion; expanded the use of wiretaps and secret searches; allowed the use of secret evidence in immigration proceedings that aliens cannot confront or rebut; gave the Justice Department the authority to overrule immigration judges; destroyed the secrecy of the client–lawyer relationship by allowing the government to listen in; and institutionalized racial and ethnic profiling.

Democracy, Revolution, and History (Ithaca, NY: Cornell University Press, ), p. . . Ibid. . See, among other works, Robert Brenner, ‘The Economics of Global Turbulence’, New Left Review  (May–June ) and A. , ). . Shilling, p. . . ‘When Wealth is Blown Away’, Business Week, March , , p. . . Kurt Eichenwold, ‘Enron’s Collapse: Audacious Climb to Success Ended in Dizzying Plunge’, New York Times, January , . . Larry Summers, quoted in Walden Bello, ‘Power, Timidity, and Irresponsibility in Global Finance’, Focus on Trade, August .

Not even the Cold War was presented in such totalistic terms as the ‘War against Terror’. Laws and executive orders restricting the rights to privacy and free movement have been passed with a speed and in a manner that would have turned Joe McCarthy green with envy. The United States was scarcely three months into the war when legislation had already been passed and executive orders signed that established secret military tribunals to try non-US citizens; imposed guilt by association on immigrants; launched a massive effort to track down , young Muslim men; authorized the attorneygeneral to lock up aliens indefinitely on mere suspicion; expanded the use of wiretaps and secret searches; allowed the use of secret evidence in immigration proceedings that aliens cannot confront or rebut; gave the Justice Department the authority to overrule immigration judges; destroyed the secrecy of the client–lawyer relationship by allowing the government to listen in; and institutionalized racial and ethnic profiling.

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