Friday, January 13, 2006

John Robb :

One thing we are seeing across the globe: a massive increase in the number of paramilitary forces. From Pakistan to China to Turkey to Russia, paramlitaries are being used to ensure the functioning of the market by crushing local protests. This is in contrast to the function of the military (national safety) and the police (public safety).

The funny thing is that one of the drivers of this change may be the IMF. It is forcing debtor countries to keep a 3% of GDP cap on military expenditures.

John Robb's Weblog: The Market's Guards

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