The new rulers of the world

July 22, 2008

I was doing a bit of ‘research’ today, looking for videos on the World Bank and IMF for a tutorial I am teaching tomorrow (I got locked out of the department video library…), and came across this 2002 documentary The New Rulers of the World, by British journalist John Pilger. Here’s part of the blurb from the producers:

In order to examine the true effects of globalization, Pilger turns the spotlight on Indonesia, a country described by the World Bank as a model pupil until its globalized economy collapsed in 1998. The film examines the use of sweatshop factories by famous brand names, and asks some penetrating questions. Who are the real beneficiaries of the globalized economy? Who really rules the world now? Is it governments or a handful of huge companies? The Ford Motor Company alone is bigger than the economy of South Africa. Enormously rich men, like Bill Gates, have a wealth greater than all of Africa.

If you have a spare 53 minutes I strongly recommend you watch this. Unfortunately my class doesn’t so we will just watch the IMF/ World Bank section but I will advise they watch the rest, if nothing else as a counter to the economics stuff they have been reading.


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