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Volume 24, Number 51, December 19, 1997

Cover of EIR Volume 24, Number 51, December 19, 1997

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Political Economy

The scam that London calls ‘privatization’  

by Dennis Small

During 1988-97, desperately indebted Third World and former Soviet bloc nations were forced to sell off nearly a quarter-trillion dollars’ worth of state-held assets, in order to try to pay off their foreign debts and to cover their growing government budget deficits, promoted as a key component of the “new world order” by the International Monetary Fund.

Mont Pelerin, Thatcher, and privatization  

by Allen Douglas

Mexico’s ‘highway’ robbery  

by Carlos Cota Meza

Forced to privatize many highways, the government may now re-nationalize them, and speculators are making a killing.

Departments

Editorial  

Bankrupt the gold speculators.

Investigation

New evidence emerges in Princess Diana murder plot  

by Jeffrey Steinberg

Photographs published, for the first time, in this issue of EIR, may shed further light on the murder.

Crown makes strategic blunder, deploys Rowland against Al Fayed  

by Allen Douglas

Allen Douglas examines the pedigree of Roland Walter “Tiny” Rowland, the former boss of the British multinational Lonrho.

Economics

Asian financial meltdown puts LaRouche center stage  

by Marcia Merry Baker

The IMF’s efforts to bail out Korea and other bankrupt financial systems, are having about as much beneficial effect as hosing down a fire with gasoline. In this crisis, LaRouche’s solutions are under intensive scrutiny.

The bigger they get, the harder they’ll fall  

by John Hoefle

A global banking consolidation is under way, in which banks are racing to become giants, in the vain hope that they will somehow become too big to fail.

Dangerous concessions granted to anti-science globalists in Kyoto  

by Marsha Freeman

British globalist plans to subject national economies to UN system diktat, took another step forward, because no one challenged the fraud of “global warming.”

Business Briefs  

Strategic Studies

Today’s Nuclear Balance of Power

The Wells of doom  

by Lyndon H. LaRouche, Jr.

Even as the post-1989, globalized financial system is now settling into the watery abyss, most people are still clinging to “a delusory faith in an ‘unsinkable utopia,’ in an ‘eternal, neo-Malthusian, information society’s’ economy,” writes Lyndon H. LaRouche, Jr. The problem, he explains, are those diseases spread throughout the United States by oligarchical publicist H.G. Wells.

Wriston hails advent of ‘information standard’  

Citibank Chairman Walter Wriston is lauding the replacement of “money” with “E-cash,” and the inauguration of a new “information standard.”

Wells et al., in their own words  

Quotes from H.G. Wells, Leo Szilard, and Bertrand Russell show how blatantly they organized for a one-world government, ruled by the threat of nuclear terror.

International

Mubarak slams London for harboring terrorist groups  

by Joseph Brewda

“I do not understand, why people on whose hands there is blood, are granted asylum in England. Why they are being granted the freedom to call, in interviews and newspaper articles, for the assassination of people who think differently,” Egyptian President Hosni Mubarak said.

Islamic Group praises Britain, condemns U.S.  

From an interview with Islamic Group leader Yassir al Sirri, and his sidekick, Mohammed al Masari.

Mubarak: Toshka Project opens way toward ‘new civilization’ in Egypt  

by Marcia Merry Baker

President Mubarak’s stress Toshka Project, as a counter-perspective to terrorism, throws a new spotlight on the fact that over the past two decades, this kind of economic development approach in Egypt has been deliberately thwarted by the IMF.

International Intelligence  

National

Kennedy-Gephardt initiative won’t remobilize party base  

by Suzanne Rose

Two leading Congressional Democrats, Rep. Richard Gephardt and Sen. Ted Kennedy, are talking about a strategy to remobilize the party’s traditional base. But the measures they are proposing now, are a retreat from their own proposals during the 1996 Presidential campaign.

National News  

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