ABSTRACT

International Monetary Fund (IMF)/World Bank/General Agreement on Trades and Tariffs (GATT)/North American Free Trade Agreement (NAFTA)/World Trade Organization (WTO)/Multilateral Agreement on Investments (MAI) structural adjustment rules strictly forbid government support of developing world industry. Society is a machine and the well-developed, highly subsidized transportation, education, and research systems of the developed world mean it can produce much more efficiently and cheaply than the undeveloped world. This gives insight into why structural adjustments insisted on by the IMF/World Bank/GATT/NAFTA/WTO/MAI reduce supports in these crucial areas. Investment in the same primary-export commodities throughout the developing world competes for markets, creating surpluses and low export prices. The IMF/World Bank/GATT/NAFTA/WTO/MAI/military colossus insists that nations on the periphery of empire reduce their education, reduce their health care, eliminate supports for industry, reduce the wages of an already impoverished labor force, and enforce the developed world's monopoly on industrial technology.