View all posts filed under June, 2003

Except for some intellectual dinosaurs, many writers, journalists and academics have re-introduced the concept of imperialism into their analysis of the structure of world power. The earlier discussions focusing on “hegemony” have proven inadequate in explaining the US empire builders' new emphasis on military coercion, invasion and occupation and rule by force.

There are four keys to understanding the present situation in Latin America:

What emerges from interviews and conversations with Wall Street investors and risk managers and trade and commerce officials in Washington, as well as from a close reading of World Bank and IMF reports, the Wall Street Journal, the Financial Times and the financial pages of the New York Times in the first 6 months of this year (2003) is that there is a hierarchy of favorites and enemies among Latin American governments.