''transforming they way economists think about markets'' 
			A contribution of economist Joseph Stiglitz as mentioned by the 
			Nobel Prize Economics Committee, October 10, 2001
			I have very individualistic values as when I was young I always 
			believed that our democratic governmental systems would be there to 
			protect us and provide social justice. I was very naive and I am not 
			pleased to have discovered a confused world where money takes 
			priority over the life of people.  
			In our writing, we have broken down the myth that the GDP is the 
			measure of our social well being, we have broken down the myth that 
			governments work for the people, we have broken down the myth that 
			wealth is created through the stock market, we have broken down the 
			myth that detailed research is the solution to our social problems, 
			we have broken down the myth that enhanced productivity is the 
			solution to our economic growth, we have broken down the myth that 
			corporations work for the people, in few words we have broken down 
			the myth of the Chicago School of Economics: the Free Market.  
			There is no Free Market as this Free Market is now an hegemonic 
			gospel preached by the big corporations, preached by our politicians 
			appointed by these big corporations, preached by the richest 
			countries headed by the United States, preached by the richest 
			people, preached by the media controlled by the big corporations, a 
			gospel enforced with the supreme stick of the world: the United 
			States military force.  
			As I read the article "A primer on understanding conspiracies" by 
			James Higdon I became to think about this notion of conspiracy. As a 
			very individualistic man I have never got together with other people 
			for the sake of profiting a selfish advantage at the expense of 
			others. Therefore, the term "conspiracy" has never been part of my 
			family's language, and the first time I ever paid attention to this 
			term "conspiracy" was when five years ago a lawyer included this 
			term in a statement of claim affecting my family. And now that this 
			notion of conspiracy has surfaced again I am becoming more leery 
			about the good intentions of our rich governments to preach the 
			gospel of the Free Market in accordance to Nobel Economics Prize 
			Winner Milton Friedman, the founder of the Chicago School of 
			Economics.  
			As I reflect on the tragedies created all over the world by the 
			Free Market system, known also as Corporate Globalization, I am 
			really thinking if there is a conspiracy designed by our hegemonic 
			corporations and their political and governmental appointees. Let me 
			indulge on what Nobel Economics Prize Winner Joseph Stiglitz, former 
			chief economist at the World Bank, has stated on how the IMF and 
			World Bank use the following four step program to help out the 
			developing countries:  
			***Step One: Privatization. This is also called Briberization. It 
			is the selling off state's industries and the provision of business 
			commissions deposited in Swiss banks to silence local critics.  
			***Step Two: Capital Market Liberalization. With this program 
			cash comes in for speculation in real estate and currency, then 
			flees at the first whiff of trouble.  
			***Step Three: Market-Based Pricing. This is the program for 
			raising prices on food, water and cooking gas.  
			***Step Four: Free Trade. This program is also called the poverty 
			reduction strategy. This is free trade by the rules of the World 
			Trade Organization and World Bank, and where the enforcement of 
			intellectual property rights condemn people to death. Stiglitz says 
			this about the WTO, IMF and the World Bank: "They don't care if 
			people live or die."  
			Some references  
			Pertinent article published in Ensign  
			A primer on understanding conspiracies, by James Higdon, November 
			14, 2001 On Line Journal http://www.onlinejournal.com/Special_Reports/Higdon111401/higdon111401.html
			 
			The Globalizer Who Came In From the Cold, by Greg Palast The 
			Observer, London, October 10, 2001 http://www.gregpalast.com/detail.cfm?artid=78&row=1
			 
			Renowned U.S. Economists Denounce Corporate-Led Globalization. 
			Nobel Prize winner Joseph Stiglitz and internationally acclaimed 
			economist Paul Krugman decry undemocratic, unsound, and unethical 
			corporate agenda. By James L. Phelan, November 21, 2001 http://www.commondreams.org/views01/1121-03.htm
			 
			FTAA (Free Trade in the Americas) Is a Threat, Warns Nobel 
			Laureate, by Kintto Lucas, Published on Monday, October 29, 2001 in 
			the Inter Press Service http://www.commondreams.org/headlines01/1029-03.htm   |