Every morning we are greeted with grim news. Economic meltdown, stock slump, housing slump, bear hugs, climate concerns, terrorist attacks, inhibited growth etc. While the rich has lost billions collectively and the poor have nothing to lose as they had nothing in the first place, middle class is bearing most of the brunt. Some of them on the left of the balance have been pushed back to being poor once again.
As the World talks about stimulus packages and rescue efforts and investor confidences, the actually affected parties are really not being cared about. The developing and poor countries are still sufffering with health hazards, poverty, hunger and what not. While all capital banks have done bad innovations to screw middle class, the so-called responsible institutions like IMF, World Bank have done NO innovation whatsoever in all these years for poverty eradication.
Well, how can they? After all, people who sit in cosy Washington offices, sipping Starbucks and watching the Snow Christmas with double coats can hardly relate to hunger driven, water starved, naked children suffering extreme weathers and succumbing to death.
The World Bank is not a sacred organization of any sort. It has been ridden with corruption, scandals, bad leadership, heavy op-burden, excessive employee perks, aimless units amongst others. The institution seeks to serve its interests more than anyone else's. It boasts of over a $1b op-expense every year. It's employees have every benefit/perk - first class travels, tax free salaries, seven-star accomodations, retirement benefits, home-country-travel/education/parking and several other allowances, lifetime employment guarantees, periodic vacations, work from home options for years and what not! And all this under the cover of working towards elimination of poverty!!!
The only reason this institution is even surviving in spite of becoming irrelevant and incompetent is because it is protected by top capitalist nations to push their agenda into developing and poor nations.
The past Presidents of World Bank have spent all their time to fight internal corruption. A proper audit of World Bank would definitely throw people off their seats. Given all this arrogant & complacent behavior, the World Bank cannot even drive poverty out of the beggars in front of their offices, leave alone the countless billions in Africa and poor nations.
As 2009 dawns, Zoellick must make one promise - the bottom of his heart. If he can stop all the useless internal expenses his organization generates, if he can prevent internal corruption, if he can downsize his organization to ensure only the right people remain staffed - that would be the most sincere effort anyone can take to help people live, fight the hunger and wake up everyday with some hope. After all, if profit making companies are forced to downsize, cut costs and make efficient operations, this international burden called World Bank should do something on its part.
(The above is an excerpt from my paper. All the views here are personal.)
As the World talks about stimulus packages and rescue efforts and investor confidences, the actually affected parties are really not being cared about. The developing and poor countries are still sufffering with health hazards, poverty, hunger and what not. While all capital banks have done bad innovations to screw middle class, the so-called responsible institutions like IMF, World Bank have done NO innovation whatsoever in all these years for poverty eradication.
Well, how can they? After all, people who sit in cosy Washington offices, sipping Starbucks and watching the Snow Christmas with double coats can hardly relate to hunger driven, water starved, naked children suffering extreme weathers and succumbing to death.
The World Bank is not a sacred organization of any sort. It has been ridden with corruption, scandals, bad leadership, heavy op-burden, excessive employee perks, aimless units amongst others. The institution seeks to serve its interests more than anyone else's. It boasts of over a $1b op-expense every year. It's employees have every benefit/perk - first class travels, tax free salaries, seven-star accomodations, retirement benefits, home-country-travel/education/parking and several other allowances, lifetime employment guarantees, periodic vacations, work from home options for years and what not! And all this under the cover of working towards elimination of poverty!!!
The only reason this institution is even surviving in spite of becoming irrelevant and incompetent is because it is protected by top capitalist nations to push their agenda into developing and poor nations.
The past Presidents of World Bank have spent all their time to fight internal corruption. A proper audit of World Bank would definitely throw people off their seats. Given all this arrogant & complacent behavior, the World Bank cannot even drive poverty out of the beggars in front of their offices, leave alone the countless billions in Africa and poor nations.
As 2009 dawns, Zoellick must make one promise - the bottom of his heart. If he can stop all the useless internal expenses his organization generates, if he can prevent internal corruption, if he can downsize his organization to ensure only the right people remain staffed - that would be the most sincere effort anyone can take to help people live, fight the hunger and wake up everyday with some hope. After all, if profit making companies are forced to downsize, cut costs and make efficient operations, this international burden called World Bank should do something on its part.
(The above is an excerpt from my paper. All the views here are personal.)
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1 comment:
first-class travel ? 7 star accomodation ? I dont think so anymore. Its all gone now.
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