CHAPTER 12Adjusting the Poor

They no longer use bullets and ropes. They use the World Bank and the IMF.


To attract companies like yours . . . we have felled mountains, razed jungles, filled swamps, moved rivers, relocated towns . . . all to make it easier for you and your business to do business here.

— Philippine government ad in Fortune

In the flurry of global institution building that followed World War II, the spotlight of public attention was focused on the United Nations, which was to include all countries, each with an equal voice—at least in its General Assembly. Delegates to the UN are public figures, and debates are open to public view and often heated. Yet the General Assembly has little real power. The real ability ...

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