art & design

28.9.10

WTF WTO


Taken cumulatively, the integration of the world as a whole, particulary in terms of economic globalization and the mythic qualities of 'free market' capitalism, represents a veritable 'empire' in its own right... Few have been able to escape the 'structural adjustments' and 'conditionalities' of the World bank, the IMF, or the arbitrations of the WTO, those international financial institutions that, however inadequate, still determine what economic globalization means...
Such is the power of globalization that within our lifetime we are likely to see the integration, even if unevenly, of all national economies in the world into a single global, free market system.
- Jim Garrison