An examination of the World Bank's policies and culture reveal a supranational, non-democratic and extremely powerful institution which functions much like the medieval Church or a monolithic political party, relying on rigid doctrine, hierarchy and a rejection of dissenting ideas to perpetuate its influence.
How did the Third World countries accumulate a staggering trillion dollars' worth of debt? Who really shoulders the burden of reimbursement? How should we deal with the debt crisis? Susan George answers these questions with the solid evidence and verve familiar to readers of 'How the Other Half Dies'.
In an unsettling but lucid critique, The Debt boomerang shows that we in the North must also pay the price of World bank and IMF policies that have accelerated deforestation, encouraged mass migrations, fuelled an expanding drug trade and heightened global instability and conflict.
The Celtic Tiger might just find its strength and appetite for action in the growth of left leaning electorates and local citizens initiatives. The tailspin of economy caused by austerity policies should be countered by a transparent debt audit.
A useful pocket guide on how a crisis made in Wall Street was made worse by EU policies, how it has enriched the 1% to the detriment of the 99%, and outlining some possible solutions that prioritise people and the environment above corporate profits.