Global Notes #2
.China, the US and Goldman Sachs
Hank Paulson’s appointment to be secretary of the Treasury is a major concession by the Bush White House to the globalist fraction of the US ruling class. Weakened by the debacle in Iraq, Bush needs to shore up support in elite circles. The President’s nationalists and unilateralist policies have been a blow to the transnational capitalists whose ideas and wishes dominated during the first Bush and Clinton administrations. The Treasury was a symbol of globalist hegemony run by Wall Street stars Robert Ruben and Lawrence Summers. Those were the days when Washington’s strategy focused on the IMF, WTO and World Bank rather than Iraq, Iran and North Korea.
As former head of Goldman Sachs, Paulson comes from the world’s biggest investment bank, and many say the most (more…)
