Tuesday, November 01, 2005

Privatization at Gunpoint By Aasim Sajjad Akhtar

The transfer of assets from peripheral states to international financial oligarchies is one of the defining tenets of the neoliberal counter-revolution. As a general rule, this latest form of neocolonial transfer of surplus to the industrialized core has proceeded relatively successfully in many peripheral states, with many Latin American states standing out as significant exceptions. In Pakistan, where the ruling state oligarchy has historically been the equivalent of a comprador bourgeoisie, this process has accelerated since it was initiated in the late 1980s...

To read rest of the article visit http://monthlyreview.org/1005akhtar.htm.

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