Global Notes #26
by Jerry Harris, SolidarityEconomy.net
.US hegemony rapidly disappearing
US economic and political hegemony has degraded further in the rapidly globalizing world. At the World Bank Paul Wolfowitz has lost control through his own corrupt crony capitalism. But his problems stem as much from Iraq as his current missteps. Globalists who fill the bureaucracy at the World Bank never were comfortable with the US unilateralist coming to their home and Wolfowitz opened the door for their attacks. That the US can no longer control the internal politics at the World Bank is a good indicator of how far its political influence has fallen. (more…)
