The Acts of the Democracies




Poverty and the "Free Market"

The journal South and the United Nations publication Report on Human Development describe the effect on people of the "free-market" as imposed by the International Monetary Fund (IMF) on several countries in South America as a condition for loans.

Brazil has the world's 8th largest economy, enormous natural wealth, no security concerns, a favourable climate and a reasonably homogenous population. According to the reports:

These events are happening 25 years after the Brazilian military took power in a coup described at the time by the USA Ambassador, Lincoln Gordon, as "the single most decisive victory of freedom in the mid-twentieth century". Once the democratic government had been removed the USA supported and financed the new regime and praised its economic policies, saying that they created "a greatly improved climate for private investment".

At one time, Argentina was one of the ten richest countries in the world. It has abundant resources, a rich coast line, and a homogenous population. According to reports:

In oil rich Venezuela, reports say:

Chile had its democratically elected governmnet removed by General Augusto Pinochet in 1973. The reports say:

Antonio Garza Morales writing in the magazine, Excelsior, remarks that "the social cost which has been paid by the Chilean people is the highest in Latin America".

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