It's hard to imagine that Thabo Mbeki has a Masters degree in economics, when you read this illiterate junk.
South African President Thabo Mbeki has called for reform of the UN and other international institutions. At the Non-Aligned Movement summit in Durban he said developing countries should not allow powerful nations to dictate the world on their own terms.
| If the powerful nations work and the developing countries don't, why don't they consider following the powerful nations' lead? South Africa not too long ago was one of the powerful countries... |
Mr Mbeki said it was not acceptable that a "few countries" decided the outcome of major world issues. He stressed that "multilateral cooperation between equal countries is the only way to proceed".
President Mbeki said the UN, where the security council is dominated by five permanent members, needed to be reformed. "The transformation of the United Nations has taken far too long," he said. "The other multilateral institutions like the Bretton Woods institutions (World Bank and International Monetary Fund) and the World Trade Organisation also need to be transformed to meet the needs of our people."
| Seems to me, they were good ideas gone bad: to provide the money for the developing nations to develop. Instead, the money got pissed away on arms and ammunition and padding the bank accounts of the local head cheeses... |
| That's what happens when you loan money to thugs, but you'd think a smart international banker would know that. |
|