> But it may be better this way. So long as he's up there, he's like a
> pinata. Maybe it's better him staying there with vastly diminished
> influence than a fresh replacement.
The dwindling of the World Bank/IMF has been a joy to watch. The IMF loan portfolio has gone from somewhere around $180 billion down to $35 billion today, and the World Bank portfolio has dropped from $122 billion in 2002 to $103 billion today.
The Euro/Asiabourgeoisie don't care, because they have their *own*, much more effective development banks: the EIB has $320 billion in assets, the JBIC has $180 billion. Hopefully, Chavez' Bank of the South will become a similar engine of accumulation for the peoples of Latin America.
-- DRR