The World Bank

Following World War II two significant politico-economic entities, the U.S. and the U.K. created the World Bank. Concurrent with the war, business entities either had their businesses (mortar and bricks) bombed to hell or left Europe with all the liquid assets they could carry or somehow transport to safe havens for their assets. Leftists, comprised of resistance leaders, communists, anarchists and socialists filled the void left by the business, well financed elite that had left for safer locations. In order to prevent these leftist groups from taking power by the void left by the vacated business elites the U.S. and the U.K. devised a way to get these business classes back into power. The U.S. and U.K. had to create an international system to champion and grow capitalist policies.

Thus the reason for the creation of the World Bank; this bank focused on making loans to governments for the rebuilding of the infrastructure of various countries devastated by the war...those parts of the economy that primarily improved the financial aspect of the governmental sector. Those parts of the economy that improved the private sector were left to the private companies and taxpayers. After western Europe and Japan were somewhat rehabbed the World Bank focused some of its lending towards third world countries.

The IMF (International Monetary Fund) portion of the World Bank would lend money to countries that the U.S. and the U.K. would choose so that commerce, trade and balance of payments could be smoothed out more so that this policy would benefit all nations but especially the U.S. and England...self interest was at work here and this was not at all done for humanitarian reasons alone. The IMF and World Banks' underlying mission was to bring together all the financial elites of all the countries and form a capitalistic system. This was in essence a Keynesian "pump-priming" that would especially benefit the U.S. and the U.K..

By adjusting their policies the World Bank and IMF could push certain economic and political policies which suited them more than the other countries in the system. This set up a type of "colonial control system" that would selectively allow some corporations to repatriate (bring back) profits, balance countries (governments) budgets and other internal matters of sovereign countries. In reality is was a system of control by the U.S. and England over many of the countries in Europe; one might say it was an indirect was of "colonizing" these countries via economic control policy.

Note" Materials and data from 50 Years Is Enough, edited by Kevin Danaher.