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Article Title

Privatization Bites

Abstract

[Excerpt]Many have perceived privatization as a local phenomenon, but in fact it is not local. It is an international granite column upon which the so-called "New World Order" stands. Within weeks after the election of Ronald Reagan to the U.S. presidency, two right-wing think tanks, the Heritage Foundation in this country and England's Adam Smith Foundation, produced a thousand-page document showing that the worldwide economic strategy of both the United States government and the British government would be a privatization strategy. Powerful international financial institutions, such as the International Monetary Fund and the World Bank, have made public sector "reform" the center-piece of their dogmatic four-pronged program of privatization, deregulation, free trade, and currency devaluation.

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