Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free by Ellen Brown

Author:Ellen Brown [Brown, Ellen]
Language: eng
Format: epub, pdf
Publisher: Third Millennium Press
Published: 2011-06-21T04:30:00+00:00

Yet the [new government] follows, indeed must follow, broadly the same policies as its predecessor. Any attempt to slow the pace is met with rebukes and pressure from imperialist countries and the domestic corporate sector. Indeed, there is no longer any need for them to intervene explicitly. With the last 14 years of financial liberalisation, the country is now enormously vulnerable to volatile capital flows. This fact alone would rule out any serious populist exercise: for the resources required would have to be gathered either from increased taxation or from fiscal deficits, either of which would alienate foreign speculators and could precipitate a sudden outflow of capital.3

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