Michel Chossudovsky: Economics

“Humanity is undergoing, in the post-Cold War era, an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the world population.”

Michel Chossudovsky

Introduction, p. 1
The Globalization of Poverty and the New World Order - Second Edition - (2003)

War , World

“Relentlessly feeding on poverty and economic dislocation, a New World Order was taking shape.”

Michel Chossudovsky

Preface to the Second Edition, p. xxii
The Globalization of Poverty and the New World Order - Second Edition - (2003)

World

“Macro-economic policy had accelerated the "expulsion" of landless peasants from the countryside leading to the formation of a nomadic migrant labor force moving from one metropolitan area to another.”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 13, Debt and "Democracy" in Brazil, p. 200

“According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights.”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 4, The World Bank and Woman's Rights, p. 67

World , Wealth

“The collapse of the standard of living, engineered as result of macro-economic policy, is without precedent in Russian history: " We had more to eat during the Second World War."”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 16, The "Thirdworldization" of the Russian Federation, p. 241

War , World , History

“The civil war in Rwanda and other ethnic massacres were an integral part of US foreign policy, carefully staged in accordance with precise strategic and economic objectives.”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 7, Economic Genocide in Rwanda, p. 120

War , Parting

“Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory”

Michel Chossudovsky

"applied economics"
Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 2, Global Falsehoods, p. 27

“Macro-economic reform undermined the legal economy, reinforced illicit trade and contributed to the recycling of "dirty money" towards Peru's official and commercial creditors.”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 14, IMF Shock Treatment in Peru, p. 225

Money

“Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 5, The Global Cheap-Labor Economy, p. 69 (See also: Rosa Luxemburg, Karl Marx)

“Lost in the barrage of images and self-serving analysis are the economic and social causes of the conflict.”

Michel Chossudovsky

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 17, Dismantling Former Yugoslavia, p. 257