A Plan of War
When Michel Chossudovsky wrote his seminal book The Globalisation of Poverty, the dismembering of Yugoslavia was still underway. As a project of globalization, the orchestrated monetary attack on the socialist republic, that culminated in civil war, served to illustrate the fact that globalization is not just an economic model, but a plan of war. That war, which is by definition global, is quite simply the exercise of power by the financial sector in undermining the powers of the state to the benefit of the free market.
As states cede their social obligations in favor of transfers of public wealth to private accounts, all public needs suffer, and perhaps more importantly, become dependent on private rules, no matter how criminal, stingy or punitive. This, is in fact, the overriding principle of the majority of states: to succumb to the thievery of the market, and to supplant public prosperity with private poverty.
Indeed, it is the Obama Administration game plan.