The World Bank Is Hopeless and Changing Leaders Won't Help

Monday, April 02, 2012 – by Staff Report, Daily Bell

Ngozi Okonjo-Iweala Hats off to Ngozi ... A golden opportunity for the rest of the world to show Barack Obama the meaning of meritocracy ... When economists from the World Bank visit poor countries to dispense cash and advice, they routinely tell governments to reject cronyism and fill each important job with the best candidate available. It is good advice. The World Bank should take it. In appointing its next president, the bank's board should reject the nominee of its most influential shareholder, America, and pick Nigeria's Ngozi Okonjo-Iweala. – Economist
Dominant Social Theme: The World Bank is a great institution. We just need the right person to run it.
Free-Market Analysis: The World Bank is a part of a kind of "tag team" with the International Monetary Fund. The World Bank lends money to dictators and sundry thugs and then when these unsavory individuals abscond, the IMF is hauled in to make the people pay.
The process enriches Western corporations and ultimately creates more control for the Western power elite that has constructed the globalist echelon to begin with. The UN, the World Bank, the IMF, the International Criminal Court and many other internationalist entities are hopelessly corrupt and indeed were designed to be so.