"The storm that has hit the money markets in Asia and affected the rest of the world is part of a wider danger. That is financial globalization, which has become a law unto itself with its own powers, embodied by institutions such as the IMF, the World Bank, the OECD and the World Trade Organization. Together, they threaten the power base of real states in the real world."

to read Ignacio Ramonet's important essay, click on

http://mondediplo.com/1997/12/leader