Privatization & Procurement
Between April 2003 and June 2004, $12 billion in U.S. currency--much of it belonging to the Iraqi people--was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed.
Ten years after the first democratic elections in South Africa brought the African National Congress to power, critics claim that privatization and neoliberal economic policies have usurped the promise of democracy. Soweto Resists Privatization Moves Trevor Ngwane/Walter TurnerANC Privatizations Fail to Deliver in South Africa, Patrick Bond