Logo of Phnom Penh Post newspaper Phnom Penh Post - Beware of Greek gifts

Beware of Greek gifts

Beware of Greek gifts

The Editor,

T he Trojan supreme high priest warned his people when they, all too hastily, wanted

to celebrate the end of the 10 year war with the Greek invaders. "Watch out

for the Greeks," he said, "and especially when they bring presents."

Of course, such is human nature, the Trojan people, all too hastily, believed in

the good intentions of the Greeks and made the deadly mistake of taking the wooden

horse, supposedly a present, into their city. The end of the story is well-known,

as is its catastrophic results: the complete destruction of the Trojan Kingdom.

Donor countries and NGOs may bring in gifts, soft loans, grants, and so on, to the

Kingdom of Cambodia, but they are no friends of the Kingdom. As especially the IMF

and the World Bank solely represent European and American interests. These institutions

only give the kind of advise that best serves their own interests, and do not hesitate

to misuse economic theories and misrepresent facts and figures to mislead their prospective

victims all over the world.

As Von Clausewitz, a famous Prussian general lecturing at the Brandenburg military

school, Berlin, in the 19th century wrote, "War is merely a continuation of

politics by other means." Today, all of us know that economics is just a continuation

of the same old story.

Therefore, I totally agree with Matthew Grainger's objections to the IMF and the

like. If you want to see the devastating results of IMF/World Bank-inspired policies,

I suggest you make a tour of the African continent and see for yourself where so-called

"structural adjustment", "foreign investment" and megalomaniac

dam building projects (have a look at the Inga project in Zaire) and the like lead

to.

And I fully support Matthew Grainger when he points to Japan, Hong Kong, Singapore,

Taiwan, South Korea, Malaysia as examples to follow. As these countries did exactly

the opposite of what the IMF and World Bank said, they successfully avoided "Africanization"

of their economies and become truly successful.

- Erik Poupaert, Phnom Penh.

MOST VIEWED

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh