Dr Peter White's Blog

Thoughts and comments from Dr Peter White -- political, philosophical, spiritual, musical and more

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Location: Brisbane, Queensland, Australia

I am retired from the Uni. of Queensland, and have numerous interests inside and outside of the uni. I play classical, bluegrass, country and folk guitar (hows that for a mix?) I am a member of the Australian Labor Party and am currently branch secretary of the Mt Coot-tha branch. I'm also involved in developing virtual reality builds and websites. Never bored!

Friday, April 21, 2006

The Masters of Mammon

This morning I read that the Australian Treasurer, Peter Costello, stated that Australia is now debt-free. And the International Monetary Fund (IMF) were giving him a nice pat on the back.
Wonderful. We were a good little country and did what the moguls wanted us to do.

I then wondered, who is the International Monetary Fund, and for that matter, the World Bank, and the OECD and the ISO and all the rest of the vaunted international bodies that are making -- or more often -- breaking, nations, people, and populations. Who gave these people such power?

It's all well and good to have some sort of international standards -- lord knows we need them in lots of areas, like nuclear energy, environmental pollution, fair distribution of food and water, referees for religious and boundary disputes and many others.

But when it comes to money, it seems like we have a rigged game. Like Monopoly, with the bankers making up the rules to suit themselves. And then -- if we know the game is rigged -- why do we insist on playing? Why does Australia, or other nations of moderate wealth and capacity, bow and scrape before international financial bodies? Who are these guys?

Ditto corporations. Interestingly, it was in the 19th century in the USA that a Supreme Court justice ruled that corporations have the same legal rights as a human being. Whoopee. Look what that's done. Faceless capitalist bureaucracies in charge of the planet? Is this the same sort of game for nations now? I'm sure that most of the people in the IMF and the other acronyms all come from corporations, and thus have that corporate worldview, without any understanding at all of what it's like for those who aren't in that milieu.

I am still wondering if I'll ever get an answer to my question here; who are these guys and why do we have to pay heed to them?

If anyone can help, please reply to this blog, or email me on pbwhite1@optusnet.com.au.

Remember folks, May Day in Oz. For those who are concerned, join the May Day marches. Industrial deform is striking with a vengeance.

Peace to all
PB White


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