Top 10 Reasons Why Paul Wolfowitz Would Make a Good World Bank President

March 2005

  John Cavanagh


Top 10 Reasons Why Paul Wolfowitz Would Make a Good World Bank President
John Cavanagh
TomPaine.com, 16 March 2005

  1. He would follow in the great tradition of World Bank president Robert
    McNamara, who also helped kill tens of thousands of people in a poor country
    most Americans couldn’t find on a map before getting the job.
  2. It helps to be a good liar when you run an institution with employees
    who earn over $100,000 a year to pretend to help billions of people who live
    on less than $1 a day.
  3. With all his experience helping US companies grab Iraq ’s oil
    profits, he's got just the right experience for doling out lucrative World
    Bank contracts to US businesses.
  4. After predecessor James Wolfensohn blew millions of dollars on
    "consultations" with citizen groups to give the appearance of openness,
    Wolfowitz's tough-guy style is just what’s needed to rid the World Bank of
    those irritating activists.
  5. Unlike former Hewlett-Packard CEO Carly Fiorina, another one of the
    four leading candidates, at least Wolfowitz hasn't failed at running a
    Fortune 500 company.
  6. Unlike the Treasury Department’s John Taylor, another leading
    candidate, at least Wolfowitz doesn't want to get rid of the institution he
    would head.
  7. While earning a University of Chicago Ph.D. , he was exposed to the
    tenets of market fundamentalism that have reigned at the World Bank for
    decades.
  8. He has experience in constructing echo chambers where only the advice
    he wants to hear is spoken.
  9. He knows some efficient private contractors who build echo chambers
    for only a few hundred billion dollars (cost plus, of course).
  10. He can develop a pre-emptive poverty doctrine where the World Bank
    could invade countries that fail to make themselves safe for US business,
    modeled on the US pre-emptive war doctrine he helped craft.

 

Director of the Institute for Policy Studies

John Cavanagh has been Director of IPS since 1998 and a founding fellow of TNI.  He worked as an international economist for the United Nations Conference on Trade and Development (1978-1981) and the World Health Organization (1981-1982). 

He is also the co-author of 10 books and numerous articles on the global economy, including Development Redefined: How the Market Met Its Match (2008, Paradigm Publishers), written with Robin Broad.John has a BA from Dartmouth College and a MA from Princeton University.