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Eye of the Hurricane:
Milton Friedman and the Global South
Professor Walden Bello
Focus of on the Global South, 25 November 2006
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In this brief review of the impact of Milton Friedman's
fundamentalist free-market creed, Walden Bello charts its lasting
consequences in the global south in the form of Structural Adjustment
Programmes (SAPs) and its successor - Poverty Reduction Strategy Papers (PRSPs).
In particular Bello draws attention to Friedman's assertion about
political freedom going hand-in-hand with free-markets.
Bello points to the example of Chile (1973 - 1990) in which a
free-market paradise was imposed through one of Latin America's most
bloodstained military dictatorships. The irony of this ushering in of the
guru's fundamentalist free-market ideas could not have escaped the aloof
University of Chicago professor's attention.
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Wallen Bello is professor of sociology at the University of the
Philippines and executive director of the Bangkok-based institute - Focus
on the Global South. Focus on the Global South
http://www.focusweb.org
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