Government Corruption News Articles

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Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

The combined profits for the ten drug companies in the Fortune 500 ($35.9 billion) were more than the profits for all the other 490 businesses put together ($33.7 billion). Over the past two decades the pharmaceutical industry has moved very far from its original high purpose of discovering and producing useful new drugs. Now primarily a marketing machine to sell drugs of dubious benefit, this industry uses its wealth and power to co-opt every institution that might stand in its way, including the US Congress, the FDA, academic medical centers, and the medical profession itself. The great majority of "new" drugs are not new at all but merely variations of older drugs already on the market. Of the 78 drugs approved by the FDA in 2002, only 17 contained new active ingredients, and only seven of these were classified by the FDA as improvements over older drugs. [The] market would collapse virtually overnight if the FDA made approval of new drugs contingent on their being better in some important way than older drugs already on the market. Many medical schools and teaching hospitals set up "technology transfer" offices to ... capitalize on faculty discoveries. Medical school faculty entered into ... lucrative financial arrangements with drug companies, as did their parent institutions. One of the results has been a growing pro-industry bias in medical research—exactly where such bias doesn't belong. The industry ... fought the state of Maine all the way to the US Supreme Court, which in 2003 upheld Maine's right to bargain with drug companies for lower prices. This industry is taking us for a ride, and there will be no real reform without an aroused and determined public to make it happen.

Note: The above book and book review was written by Dr. Marcia Angell, former editor in chief of the prestigious The New England Journal of Medicine. For more reliable information on the health cover-up, click here.

The American criminal justice system relies too heavily on imprisoning people and needs to consider more effective alternatives, according to a study released Wednesday by the American Bar Assn., the nation's largest lawyers' organization. "For more than 20 years, we've gotten tougher on crime," said Dennis W. Archer, a former Detroit mayor and the group's current president. "We can no longer sit by as more and more people — particularly in minority communities — are sent away for longer and longer periods of time while we make it more and more difficult for them to return to society after they serve their time. The system is broken. We need to fix it." Both the number of incarcerated Americans and the cost of locking them up are massive, the report said, and have been escalating significantly in recent years. Between 1974 and 2002, the number of inmates in federal and state prisons rose six-fold. By 2002, 476 out of every 100,000 Americans were imprisoned. In 1982, the states and federal government spent $9 billion on jails and prisons. By 1999, the figure had risen to $49 billion. Based on trends, a black male born in 2001 has a 1 in 3 chance of being imprisoned during his lifetime, while the chances for a Latino male are 1 in 6, and for a white male, 1 in 17. The report contains numerous reform proposals. Among them: the repeal of mandatory minimum sentencing laws; more funding for substance abuse and mental health programs; assistance for prisoners reentering society; [and] task forces to study racial and ethnic disparities in the criminal justice system.

Note: If above link fails, click here. The prison-industrial complex attracts huge profits and strongly supports laws like "three strikes" where third time offenders are automatically imprisoned for life, even for petty crime.

Individual Californians are shouldering an increasing percentage of the state's general fund, while the share of revenue from corporate income taxes has declined, according to a new analysis by a think tank in Sacramento. "Over time, the burden of paying for public services has, in a fairly dramatic way, shifted from businesses to individuals,'' said Jean Ross, director of the nonprofit California Budget Project in Sacramento. Ross went back more than 40 years to track how much the state derived from its three main revenue sources: personal income tax, sales tax and corporate income tax. Over time, income taxes paid by individuals have risen to fill half of the state's coffers, while corporate income taxes have fallen to about 10 percent of the take. Dan Bucks, executive director of the Multistate Tax Commission, said the decline in corporate taxes as a share of state coffers is occurring in all 47 states that levy some form of business or corporate tax. "Our data indicate that ... corporate income taxes were 9.7 percent of state revenues in 1980 and 4.9 percent in 2002,'' he said. Personal income taxes -- levied in more than 40 states -- have also risen nationwide "in a virtually straight line,'' he said. Corporations have gotten better at sheltering income from both federal and state taxes. For instance, the General Accounting Office, watchdog agency of Congress, recently reported that more than 60 percent of U.S. corporations paid no federal taxes from 1996 through 2000.

A former translator for the FBI with top-secret security clearance says she has provided information to the panel investigating the 11 September attacks which proves senior officials knew of al-Qa'ida's plans to attack the US with aircraft months before the strikes happened. She said the claim [made by National Security Adviser Condoleezza Rice] that there was no such information was "an outrageous lie". Sibel Edmonds said she spent more than three hours in a closed session with the commission's investigators providing information that was circulating within the FBI in the spring and summer of 2001 suggesting that an attack using aircraft was just months away and the terrorists were in place. The Bush administration, meanwhile, has sought to silence her and has obtained a gagging order from a court by citing the rarely used "state secrets privilege". Mrs Edmonds, 33, says she gave her evidence to the commission in a specially constructed "secure" room at its offices in Washington on 11 February. She was hired as a translator for the FBI's Washington field office on 13 September 2001, just two days after the al-Qa'ida attacks. Her job was to translate documents and recordings from FBI wire-taps. She said said it was clear there was sufficient information during the spring and summer of 2001 to indicate terrorists were planning an attack.

Note: Watch the amazing, well documented documentary "Kill the Messenger" on courageous 9/11 whistleblower Sibel Edmonds, the most gagged citizen in U.S. history, who exposes the 9/11 Commission Report as irreparably flawed. For more along these lines, read concise summaries of deeply revealing 9/11 investigation news from reliable major media sources.

Oops. That's the word that comes to mind when reading Michael Carroll's thoroughly nerve-wracking book, "Lab 257: The Disturbing Story of the Government's Secret Germ Laboratory" ... about the federal germ facility on Plum Island. The island [is] home to some of the deadliest microbes festering on the planet. According to Carroll's book, the island -- and laboratory -- are also home to slipshod construction, poor safeguards, and lax security. "Lab 257" claims errors at the facility caused Lyme disease outbreaks and health problems for the local population -- claims disputed by the U.S. Department of Agriculture, which ran the facility until recently. Carroll [said] that the point of the book was to expose the potential hazards of a poorly run institution; he has nothing against better-run, more secure institutions. "You have to know how things interact, germs, bacteria, etc. You [just] don't need to create millions of them to know how to create them and make them more virulent. Like other government scientific facilities, it's had an aura of mystery: Plum Island earns a mention in "The Silence of the Lambs," and thriller writer Nelson DeMille set a novel there. Much of Carroll's research was done through interviews with nearby residents, as well as documents and reports. While the government was "cooperative at the outset," Carroll said ... he was later denied access to the facility. Carroll isn't the first to offer criticism. In 2002, after a power outage on the island, New York's WABC-TV did a story on whether containment procedures worked; several employees questioned the lab's safety. In 2003, the General Accounting Office listed security problems on the island, partially prompted by a whistleblower, Jim McCoy, who protested the management of a private concern.

Note: At the northernmost tip of Long Island, Plum island sits directly across from the town of Lyme, Conn., famous as the epicenter of the Lyme disease outbreak. For a powerful, multiple award-winning film showing shocking ignorance and even political corruption on the part of the medical community about the Lyme disease epidemic spreading across the US and even around the world, click here. It shows evidence that Lyme may be even the cause of many cases of ALS, Parkinson's, and Alzheimer's disease.

The independent commission investigating the Sept. 11 attacks reached an agreement with the White House yesterday to gain restricted access to years of classified presidential briefings. A four-person subcommittee that will have varying degrees of access to the documents known as Presidential Daily Briefs from the Bush and Clinton administrations. But the accord includes numerous restrictions limiting what parts of briefings can be seen and what parts can later be shared with the rest of the bipartisan panel. The limitations prompted angry condemnations yesterday from two Democratic commissioners -- former Georgia senator Max Cleland and former Indiana representative Timothy Roemer -- who have argued that the commission should be more aggressive in seeking sensitive materials from the Bush administration. Cleland called the agreement "unconscionable" and said it "was deliberately compromised by the president of the United States" in order to limit the panel's work. "If this decision stands, I as a member of the commission cannot look any American in the eye, especially family members of victims, and say the commission had full access," he said. "This investigation is now compromised. This is `The Gong Show'; this isn't protection of national security."

Note: Cleland later resigned from the commission. For the questions of other highly-respected former government officials who are disatisfied with the truthfulness of the 9/11 Commission Report, click here.

Federal scientists are looking for evidence that a bolt of electricity in the upper atmosphere might have doomed the space shuttle Columbia as it streaked over California. Investigators are combing records from a network of ultra-sensitive instruments that might have detected a faint thunderclap in the upper atmosphere at the same time a photograph taken by a San Francisco astronomer appears to show a purplish bolt of lightning striking the shuttle. Los Alamos National Laboratories physicist Mark Stanley said that "we've seen very strong ionization in sprites" indicating that there were enough air molecules ionized to cause heating and an accompanying pulse -- a celestial thunderclap, as it were. NASA administrators confirmed Thursday that the photograph ... is being evaluated by Columbia crash investigators. The astronomer, who has asked that his name not be used, has declined to release the digital image to the media. [A] family of "transient" electrical effects occup[ies] this part of the sky, including sprites, which leap from the ionosphere to the tops of thunderheads. Ironically, an experiment of Israeli astronaut Ilan Ramon, aboard the doomed Columbia, was among the last fully funded work conducted on sprites. Scientists have observed interaction between a blue jet and a meteor. And in December 1999, Los Alamos National Laboratories researcher David Suszcynsky and colleagues, including Lyons, published an account of a meteor that apparently triggered a sprite.

Note: For a second article with the subtitle "Mysterious purple streak is shown hitting Columbia 7 minutes before it disintegrated," click here. Though this most bizarre news suggested another possible reason for the crash of the shuttle Columbia, it was virtually ignored throughout the official investigation. Why?

Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today's population, that is more than $5,700 per person. This is an estimate by Thomas Stauffer, a consulting economist in Washington. Mr. Stauffer has tallied the total cost to the US of its backing of Israel in its drawn-out, violent dispute with the Palestinians. The bill adds up to more than twice the cost of the Vietnam War. Israel is the largest recipient of US foreign aid. It has been getting $3 billion a year for years. Israel has been given $240 billion since 1973, Stauffer reckons. In addition, the US has given Egypt $117 billion and Jordan $22 billion in foreign aid in return for signing peace treaties with Israel. Stauffer wonders if Americans are aware of the full bill for supporting Israel since some costs, if not hidden, are little known. Other US help includes: • Israel buys discounted, serviceable "excess" US military equipment. Stauffer says these discounts amount to "several billion dollars" over recent years. • Israel uses roughly 40 percent of its $1.8 billion per year in military aid, ostensibly earmarked for purchase of US weapons, to buy Israeli-made hardware. It also has won the right to require the Defense Department or US defense contractors to buy Israeli-made equipment or subsystems, paying 50 to 60 cents on every defense dollar the US gives to Israel. US help ... has enabled Israel to become a major weapons supplier. Weapons make up almost half of Israel's manufactured exports. US defense contractors often resent the buy-Israel requirements and the extra competition subsidized by US taxpayers. Stauffer [has] been assisted in this research by a number of mostly retired military or diplomatic officials who do not go public for fear of being labeled anti-Semitic.

Note: Israel has a population of 6.5 million. Yearly foreign aid to Israel has generally varied between $2.5 to 3.0 billion for many years (it's difficult to locate these figures on U.S. government websites). If you do the math, U.S. taxpayers are giving every man, woman, and child, in Israel about $400/year -- over ten times the per capita rate paid to any other country. That's quite a tax break, especially considering they are not Americans.

FBI Director Robert Mueller, acknowledging serious lapses in how the FBI mishandled some information prior to Sept. 11, suggested for the first time that investigators might have detected the terrorist plot if they had pursued leads more diligently. Mueller's acknowledgment came amid two new disclosures of what could be missed hints about Sept. 11. The first was a warning from another agency to the FBI that a Middle Eastern country was seeking to buy commercial flight simulators. The second was a memo from an Oklahoma City FBI agent who reported observing large numbers of Middle Eastern pilots and flight students in his area. Neither memo apparently drew much attention at the time. Mueller's remarks came after his announcement of a broad reorganization of the FBI, partly because of its failure to predict the attacks. Attorney General John Ashcroft announced loosened restrictions on domestic spying, handing the FBI authority to monitor Internet sites and libraries. The American Civil Liberties Union has criticized the loosening of restrictions on domestic spying, saying they could renew abuses of the past. Mueller, who took over as FBI director just days before Sept. 11, is the first senior official in the Bush administration to say that counterterrorism investigators might have detected and averted the attacks if they had recognized what they were collecting.

Note: Yet no one in the US government was held accountable for these failures.

President Bush took a few minutes during his trip to Europe ... to voice his opposition to establishing a special commission to probe how the government dealt with terror warnings before Sept. 11. Mr. Bush said the matter should be dealt with by congressional intelligence committees. Mr. Bush said the investigation should be confined to Congress because it deals with sensitive information that could reveal sources and methods of intelligence. Mr. Bush's comments come after a two-day hearing on Capitol Hill with FBI director Robert Mueller and the agent who wrote the so-called "Phoenix memo" last summer warning about ... Arab students training at U.S. aviation schools. Current and former government officials, who are familiar with Williams' memo and debriefings, told the AP the counterterrorism agent from Phoenix had ascertained that several Arab students training at Arizona flight school held anti-American views. Williams identified several Arab students at Arizona aviation schools, including one school in Prescott, who were seeking training in aviation engineering, flight lessons and airport operations. He had ascertained that at least one of the students had also made inquiries about airport security operations, the officials said.

Note: For many questions raised by highly-respected former government officials about the investigation that was, after four years, finally authorized, click here.

Scientists have turned living rats into remote-controlled, pleasure-driven robots which can be guided up ladders, through ruins and into minefields at the click of a laptop key. The project ... is funded by the US military's research arm. Animals have often been used by humans in combat and in search and rescue, but not under direct computer-to-brain electronic control. The advent of surgically altered roborats marks the crossing of a new boundary in the mechanisation, and potential militarisation, of nature. In 10 sessions the rats learned that if they ran forward and turned left or right on cue, they would be "rewarded" with a buzz of electrically delivered pleasure. Once trained they would move instantaneously and accurately as directed, for up to an hour at a time. The rats could be steered up ladders, along narrow ledges and down ramps, up trees, and into collapsed piles of concrete rubble. Roborats fitted with cameras or other sensors could be used as search and rescue aids. In theory, be put to some unpleasant uses, such as assassination. [For] surveillance ... you could apply this to birds ... if you could fit birds with sensors and cameras. Michael Reiss, professor of science education at London's Institute of Education and a leading bioethics thinker ... said he was uneasy about humankind "subverting the autonomy" of animals. "There is a part of me that is not entirely happy with the idea of our subverting a sentient animal's own aspirations and wish to lead a life of its own."

Note: Remember that secret military projects are almost always at least a decade in advance of anything you read in the media. For lots more on this little-known subject, click here.

The United States succeeded today in ousting the director of the global agency charged with ridding the world of chemical weapons after an intense diplomatic campaign that made a number of countries uncomfortable. José M. Bustani, a Brazilian diplomat who was unanimously re-elected last year as the director general of the 145-nation Organization for the Prohibition of Chemical Weapons, was voted out of office today after refusing repeated demands by the United States that he step down. ''I clearly made some people in Washington very uncomfortable because I was too independent,'' Mr. Bustani said afterward. ''They want somebody more obedient.'' Diplomats said ... it had opened the door further for other international bodies to come under attack. The United States, which is responsible for 22 percent of the agency's budget, had threatened to cut off funding until Mr. Bustani left. ''I think a lot of people swallowed this because they thought it was better for Bustani to be removed than have the U.S. pull out and see the organization collapse,'' said one European diplomat at the meeting. The firing of Mr. Bustani follows the removal last week of Robert Watson, a British-born climatologist who had been outspoken on the threat of global warming, as the chairman of the Intergovernmental Panel on Climate Change. He was removed after pressure from Washington and at least one American oil company.

Note: If Bustani had not been removed, it is very likely that the accusations of WMD in Iraq would never have stood, and the war would not have happened. For a powerful two-page essay by a highly decorated U.S. general alleging that war is a racket orchestrated to line the pockets of the corporations, click here.

The US wants to depose the diplomat who could take away its pretext for war with Iraq. On Sunday, the US government will launch an international coup. It has been planned for a month. It will be executed quietly, and most of us won't know what is happening until it's too late. It is seeking to overthrow 60 years of multilateralism in favour of a global regime built on force. The coup begins with its attempt ... to unseat the man in charge of ridding the world of chemical weapons. If it succeeds, this will be the first time that the head of a multilateral agency will have been deposed in this manner. The coup will also shut down the peaceful options for dealing with the chemical weapons Iraq may possess, helping to ensure that war then becomes the only means of destroying them. The Organisation for the Prohibition of Chemical Weapons (OPCW) enforces the chemical weapons convention. Its director-general is a workaholic Brazilian diplomat called Jose Bustani. He has, arguably, done more in the past five years to promote world peace than anyone else on earth. His inspectors have overseen the destruction of 2 million chemical weapons and two-thirds of the world's chemical weapon facilities. In May 2000, as a tribute to his extraordinary record, Bustani was re-elected unanimously by the member states for a second five-year term. Last year Colin Powell wrote to him to thank him for his "very impressive" work. But now everything has changed. [But now] the man celebrated for his achievements has been denounced as an enemy of the people. In January, with no prior warning or explanation, the US state department asked the Brazilian government to recall him.

Note: The "coup" was successful. The New York Times, though reporting few of the details above, stated six days after the above article, "José M. Bustani ... was voted out of office today after refusing repeated demands by the United States that he step down because of his 'management style.'" For why this highly revealing story received no media coverage in the U.S., click here. For a top U.S. general's comments, click here.

The US Government has announced that it will release $95m to North Korea as part of an agreement to replace the Stalinist country's own nuclear programme, which the US suspected was being misused. In releasing the funding, President George W Bush waived the Framework's requirement that North Korea allow inspectors to ensure it has not hidden away any weapons-grade plutonium from the original reactors. President Bush argued that the decision was "vital to the national security interests of the United States". The head of the Non-proliferation Policy Education Centre in Washington, a critic of the Agreed Framework, has warned that even when the new reactors are completed they may not be tamper-proof. "These reactors are like all reactors, They have the potential to make weapons. So you might end up supplying the worst nuclear violator with the means to acquire the very weapons we're trying to prevent it acquiring," Henry Sokolski told the Far Eastern Economic Review.

Note: Though this article is from 2002, one must ask why on earth President Bush would waive the requirement for inspectors who would ensure no nuclear weapons development? Wasn't this one of three countries he had already labeled as the axis of evil? For answers to these questions, click here.

In the twilight of the Cold War, the United States spent millions of dollars to supply Afghan schoolchildren with textbooks filled with violent images and militant Islamic teachings, part of covert attempts to spur resistance to the Soviet occupation. The primers, which were filled with talk of jihad and featured drawings of guns, bullets, soldiers and mines, have served since then as the Afghan school system's core curriculum. Even the Taliban used the American-produced books, though the radical movement scratched out human faces in keeping with its strict fundamentalist code. What seemed like a good idea in the context of the Cold War is being criticized by humanitarian workers as a crude tool that steeped a generation in violence. Many of the 4 million texts being trucked into Afghanistan, and millions more on the way, still feature Koranic verses and teach Muslim tenets. The White House defends the religious content, saying that Islamic principles permeate Afghan culture and that the books "are fully in compliance with U.S. law and policy." Legal experts, however, question whether the books violate a constitutional ban on using tax dollars to promote religion.

Note: The author doesn't mention that these US-produced books are also openly promoting violence and war. Of course, that is not against the law, while using US tax money to promote religion is.

An extensive review of the nation's antiterrorism efforts shows that for years before Sept. 11, ... top leaders never reacted as if they believed the country was as vulnerable as it proved to be that morning. Dozens of interviews with current and former officials demonstrate that even as the threat of terrorism mounted through eight years of the Clinton administration and eight months of President Bush, the government did not marshal its full forces against it. The rising threat of the Islamic jihad movement was first detected by United States investigators after the 1993 bombing of the World Trade Center. The inquiry into that attack revealed a weakness in the immigration system used by one of the terrorists, but that hole was never plugged, and it was exploited by one of the Sept. 11 hijackers. On at least three occasions between 1998 and 2000, the C.I.A. told the White House it had learned where Mr. bin Laden was and where he might soon be. Each time, Mr. Clinton approved the strike. Each time, George Tenet, the director of central intelligence, called the president to say that the information was not reliable enough to be used in an attack, a former senior Clinton administration official said."

Note: For many unanswered questions about the official explanation of what happened before and on 9/11 raised by highly credible officials and professionals, click here and here.

The invasion of Afghanistan is ... a late colonial adventure. Afghanistan [is] indispensable to the regional control and transport of oil in central Asia. Its northern neighbours ... contain reserves which could be critical to future global supply. In 1998, Dick Cheney, now US vice-president but then chief executive of a major oil services company, remarked: "I cannot think of a time when we have had a region emerge as suddenly to become as strategically significant as the Caspian." But the oil and gas there is worthless until it is moved. The only route which makes both political and economic sense is through Afghanistan. Pipelines through Afghanistan would allow the US both to pursue its aim of "diversifying energy supply" and to penetrate the world's most lucrative markets. Growth in European oil consumption is slow and competition is intense. In south Asia, by contrast, demand is booming and competitors are scarce. Pumping oil south and selling it in Pakistan and India, in other words, is far more profitable than pumping it west and selling it in Europe. As the author Ahmed Rashid has documented, in 1995 the US oil company Unocal started negotiating to build oil and gas pipelines from Turkmenistan, through Afghanistan and into Pakistani ports on the Arabian sea. The company's scheme required a single administration in Afghanistan, which would guarantee safe passage for its goods.

Note: Is it unusual that the president installed by the U.S. in Afghanistan once worked for Unocal? Many details of the attempts by the US government to pressure the Taliban into going along with Unocal's pipeline dream are revealed in Ahmed Rashid's book Taliban: Militant Islam, Oil and Fundamentalism in Central Asia.

Over and over since Sept. 11, aviation and security officials have said they were shocked that terrorists had hijacked airliners and crashed them into landmark buildings. ''This is a whole new world for us,'' Jane F. Garvey, the administrator of the Federal Aviation Administration, said in testimony before a House subcommittee on Sept. 20. But the record shows that for her and others, there were numerous warnings. In 1994, two jetliners were hijacked by people who wanted to crash them into buildings, one of them by an Islamic militant group. And the 2000 edition of the F.A.A.'s annual report on Criminal Acts Against Aviation, published this year, said that although Osama bin Laden ''is not known to have attacked civil aviation, he has both the motivation and the wherewithal to do so." The previous year's edition of that report said that an exiled Islamic leader in Britain proclaimed in August 1998 that Mr. bin Laden would ''bring down an airliner, or hijack an airliner to humiliate the United States.'' The authorities appeared to draw no lessons from the two attacks in 1994.

Note: For many unanswered questions about the official explanation of what happened before and on 9/11 raised by highly credible officials and professionals, click here and here.

On his first night in the city to collect scientific data on the collapsed World Trade Center buildings, Dr. Abolhassan Astaneh-Asl looked out the window of his room at the Tribeca Grand Hotel and saw a flatbed truck parked outside. By chance, trucks hauling steel from the trade center site paused there for an hour or two before proceeding to the docks, where the steel was loaded onto barges. Dr. Astaneh-Asl, a professor of structural engineering at the University of California at Berkeley, ... went downstairs for a closer look. Over the next few nights, he cataloged 30 to 40 of the mighty beams and columns as trucks stopped in front of the hotel. ''I've found quite a number of interesting items,'' he said. Dr. Astaneh-Asl hopes to conduct what is, in essence, an autopsy of the buildings felled by the terrorist attacks, to understand precisely how they fell apart. One piece Dr. Astaneh-Asl saw was a charred horizontal I-beam from 7 World Trade Center, a 47-story skyscraper that collapsed from fire eight hours after the attacks. The beam ... had clearly endured searing temperatures. Parts of the flat top of the I, once five-eighths of an inch thick, had vaporized. Dr. Astaneh-Asl and other engineers had assumed that the estimated 310,000 tons of steel columns and beams were being taken to Fresh Kills landfill in Staten Island with the rest of the debris, to be sifted by investigators. But because the steel provides no clues to the criminal investigation, New York City started sending it to recyclers.

Note: Normal fire cannot vaporize steel, so Dr. Astaneh-Asl's finding clearly contradicts the official story. For an abundance of powerful evidence presented by respected architects and engineers that World Trade Center 7 was brought down by explosives, click here.

GREG PALAST: Protesters say that what we have here is a conspiracy - the World Bank, IMF and World Trade Organisation don't help the poor of the world, they crush them. Well, the bosses are here today, let's ask them. Joseph Stiglitz was chief economist of the World Bank - he should know. He was in the meetings when the World Bank and IMF met to decide the fate of nations. JOSEPH STIGLITZ: They were making the countries worse off. They'll take a strong position on petty larceny and petty theft, but on grand larceny, they'll look the other way. PALAST: The insider says there's a "one-size-fits-all" plan. Every nation gets the same exact four-step programme to the free market paradise. Step one - freedom for hot money. Step two - freedom to increase prices. Step three - free trade for all. Step four, where it all begins, freedom to privatise everything. Insiders saw how it worked in Russia. JOSEPH STIGLITZ: That was the extreme case. You turned over these assets to these oligarchs at a time when the government didn't have enough money to pay pensions to old people. It turned over billions of dollars to a few oligarchs for a fraction of the value of those assets. When it comes to corruption in Russia, they were willing to turn the other way. The IMF and the US Treasury actually almost encouraged it.

Note: To watch the eight-minute video of this BBC clip, click here. For a powerful summary of John Perkins book describing this process in detail, click here. Perkins say he was hired to use the big international banks' money to corrupt dictators and enrich the coffers of the biggest multinational corporations.

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.