U.S.A: The economic devil

Jameel Karaki
The U.S. is controlling the wealth of the world in many ways and through deliberate manipulations. Since the abandonment of the gold standard as a universal monetary system and its replacement it with the fait currency system, the U.S. is financing its domestic growth through the savings of the world. It is the only country in the world that has the right to issue dollars for worldwide use and set the interest rates in a way that meets its domestic interest rates rather than global interest rates. In addition, the United States of America has promoted for the concept of ''Trade Liberalization'' which has opened the access for American businesses to conquer the markets of poor and developing countries by exporting its goods cheaply, in fact, even below the market prices to those countries. This strategy has forced producers in those countries incapable of competing in their own local markets. These factors have also led some countries to fall into the trap of debts and are compelled to borrow money from organizations such as International Monetary Fund (IMF) in order to invest in economic development projects. However, these countries invest in economic development projects, yet, they cannot compete with American companies who control the factors of productions and markets directly or indirectly. In general, polices and conditions tied to IMF loans lead to the foreign control and domination of their economies especially in the financial sectors. Some of these conditions force local financial institutions to open the gates for foreign companies to own the biggest shares in local financial institutions. Through these games, American corporations invaded the markets of developing countries in an easy, free and unique way that discouraged local corporations in those countries from boosting their own products and exporting them to the global market.
The American domination over the world economy and financial systems are presented to us through organizations such as the World Trade Organization and International Monetary Fund. No one can be nominated for a highـranking position in these organizations without the American approval of the potential candidates. This domination can be as simple as the hamburger sandwich from American franchises such Burger King or MacDonald''s.
The hamburger sandwich is presented based on a system. It is impossible to take half of the sandwich or take one part and leave the other. You may decide to leave the onion or tomato but when you pay, you pay for the price of the whole sandwich. After all, the only way to have a better global economic system is to help developing nations to start preparing their own hamburgers in their own kitchens and this will never happen in the short run because it requires a full control of the factors of production in America.ـ