There were and still are of course powerful and invisible forces at work behind the scenes who are pushing
a globalist agenda, one likely to hold hostage the economies of whole nations. Money to people like these is
no different from any other commodity and in fact the best of all commodities and they have or are in control
of lots of it. They are not concerned about the good that money can do, only how much more they can
make, even if in the process they ravage countries who are foolish enough to open up and depend on them.

They move billions around the world with the mere push of a few computer buttons. But blaming them for
what they do best is not a solution, especially if we ourselves have embraced the very economic system
which they espouse. We have to play by their rules and they are not going to accommodate us if we wish to
change the rules of what is essentially their game not ours. Can we blame them if we get whacked for not
playing by the rules? Complaining bitterly to the referees who are themselves part of the game is not going to
help us either but perhaps only earn us a red card and expulsion from the game.

For all his other faults, Mahathir may be right in this regard. But can this right reverse all the wrongs which
he himself and his cronies have committed or the effects of those wrongs? At best it can serve as a
diversionary tactic and have no effect other than to earn further punishment for his people and country the
majority of whom are not even playing the game but watch on as hapless spectators.

Paul Krugman, a professor of economics at the Massachusetts Institute of Technology had dared to suggest
in an article written in Foreign Affairs of the Economist on the East Asian miracle that the miracle was no
miracle, nor a result of any special values, nor could it last without measures to improve total factor
productivity. However, as he himself has since written, he did not mean that it would undergo the kind of
spectacular collapse of the past year or so.

In a December 29 Fortune article "Seven Habits of Highly Defective Investors" on the financial market he
says that foreign investors (represented by fund managers) are not quite a bunch of Machiavellian
speculators, but an extremely dangerous flock of sheep.

He said, "…you must have noticed that markets have been behaving pretty strangely of late. As recently as
June (1997) the "miracle" economies of Southeast Asia could do no wrong--investors cheerfully put billions
into local stock markets. By October those same investors were in full flight; after all, everyone could see
how corrupt and badly managed those economies were."
 
 
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