For capitalist institutions, the mantra has always been that the free market is good. What they had not anticipated was that at a certain point someone would challenge those institutions by placing itself in the market for financial support. So the World Bank and the IMF now find themselves rivalled by the enormous financial reserves of China, a nation not beholden to the needs and interests of western imperialism and already assured of oil and mineral supplies from Venezuela, Iraq and Africa. I hear bells ringing. Touche!
Posted on: Sat, 27 Dec 2014 12:16:10 +0000