Obama abroad

The economic driving imperative is fundamental. Eveything else is just words and fluff.

Obama abroad | MikeMarqusee.com

Crucially, Obama insists that democracy must be accompanied by what he calls “economic reform”, the neo-liberal prescriptions that have already exacerbated poverty, inequality and corruption in many west Asian and north African states and against which the Arab Spring was in part a revolt. He wants the new democracies to prove their credentials by opening their doors to predatory multi-nationals and exposing themselves to destructive international competition. All of his proposals for debt relief and aid are tied to this model, which Obama identified with the free-booting capitalism that wrought havoc in Russia and Eastern Europe.

(via Instapaper)