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Patrick Bond on South Africa, the World Bank, and Climate Justice
Submitted by ujpadmin on Sat, 04/03/2010 - 9:48am
When: Friday, April 9, 2010, 9:00 am to 11:00 am
Where: Encuentro 5 • 33 Harrison Ave, 5th Floor • Chinatown T Stop • Boston
South Africa now has its 4th post-Apartheid president... But the country is more unequal than ever! It is also under consideration for a World Bank loan to “modernize” it ailing electrical power generation and distribution infrastructure. Revamping its grid would normally be a decisive opportunity to set a new course, redress inequalities and deveop a green strategy. But activist-intellectual Patrick Bond warns that the opposite seems likely with the Bank loan. It will strengthen the private sector and sharpen the gap between rich and poor: urban residents prepay their electricity at 4 times the rate of large transnational corporations. Further, the proposed loan will finance the world's 4th largest coal-fired plant and raise rates on working people.
On April 8, 2010, the World Bank will make its decision. Patrick Bond will reflect on the outcome.
Also invited to the conversation is Tufts University professor, William Moomaw who consulted with the World Bank and who is in support of the loan.
This Bank critic meets Bank supporter discussion allows for a reasoned engagement of ideas.
For Patrick Bond's biography, see:
For William Moomaw's biography, see: http://fletcher.tufts.edu/faculty/Moomaw/
See http://www.encuentro5.org for more directions. Also check website for updates before coming to the event.