"Macro-economic reform undermined the legal economy, reinforced illicit trade and contributed to the recycling of "dirty money" towards Peru's official and commercial creditors."

Michel Chossudovsky Economics See all quotes by Michel Chossudovsky →

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“The budget targets imposed by the Bretton Woods institutions, combined with the effects of the devaluation, trigger the collapse of public investment.”

“Modern capitalism appears totally incapable of mobilizing these untapped human and resources.”

“Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.”

“According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights.”

“The WTO was put in place following the signing of a "technical agreement" negotiated behind closed doors by bureaucrats. Even the heads of country-level delegations to Marrakech in 1994 were not informed regarding the statutes of the WTO, which were drafted in separate clossed sessions by technocrats.”

“Macro-economic policy had accelerated the "expulsion" of landless peasants from the countryside leading to the formation of a nomadic migrant labor force moving from one metropolitan area to another.”

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