Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").

Modern capitalism appears totally incapable of mobilizing these untapped human and resources.

Relentlessly feeding on poverty and economic dislocation, a New World Order was taking shape.

For the West, the enemy was not "socialism" but capitalism. How to tame and subdue the polar bear, how to take over the talent, the science, the technology, how to buy out the human capital, how to acquire the intellectual property rights?

The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world.

Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.

The budget targets imposed by the Bretton Woods institutions, combined with the effects of the devaluation, trigger the collapse of public investment.