BY WALDEN BELLO-Frontline

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INDRANIL MUKHERJEE/AFP

Failed model

The Washington Consensus has undergone a process of unravelling, and its former adherents have gone off in divergent directions.

Kibera, Nairobi, January 20, 2007: More than 10,000 people descended on this shanty town for the seventh annual World Social Forum meet.-ANTONY NJUGUNA/REUTERS

At a crossroads

The WSF, a space to discuss and debate an alternative world order, is in danger of becoming a forum of ideas with no agenda for action.

A protest in Manila on July 30 against the visit of IMF Managing Director Rodrigo do Rato. The Philippines is among the countries that have not contracted new loans from the IMF.-PAT ROQUE/AP

IMF in crisis

The IMF itself may have fallen victim to the 1997 Asian financial cataclysm as it faces a budget crisis owing to a boycott by its big borrowers.

A CHINESE FARMER with his produce. Agriculture in developing countries has become non-competitve under WTO-mandated trade liberalisation.-AFP

Asian trauma

The growing resistance of small farmers has succeeded in stalling the WTO negotiations.

SEOUL, NOVEMBER 2005: South Korean farmers scuffle with riot police during a rally opposing free trade policies.-PARK JI-HWAN/AFP

Globalisation in retreat

Globalisation has already reached its high-water mark and is receding.

U.S. FEDERAL RESERVE Chairman Ben Bernanke at the Strategic Economic Dialogue in Beijing's Great Hall of the People on December 14.-AP

Problem of plenty

While the U.S.' role in global growth and crisis is well known, China is now emerging as the cause of capitalism's crisis of overproduction.

KING BHUMIBOL ADULYADEJ and Queen Sirikit with the coup leaders, (from left) Air Force chief Chalit Phukpasuk, Navy chief Admiral Satiraphan Kayanont and Army chief General Sonthi Boonyaratglin on September 19.-REUTERS

Siamese tragedy

The coup in Thailand is the culmination of a slide caused by the political bankruptcy of civilian rule and accelerated by IMF prescriptions.

An activist in Washington during the spring meeting of the Bretton Woods institutions in April.-CALEB JONES/AP

Twins in trouble

The IMF and the World Bank are faced with financial difficulties, and their critics decide that it is time for a fresh offensive.

BY WALDEN BELLO

PRESIDENT HUGO CHAVEZ in Caracas on March 12, 2006.-FERNANDO LLANO/AP

Army of the people

Venezuela is undergoing a radical change, if not a revolution, and the military is at the centre of it.

The town of Surdulica, bombed by NATO in April 1999. Military intervention for 'humanitarian' reasons in Kosovo set the precedent for intervention in Afghanistan and Iraq.-

A dangerous doctrine

Humanitarian intervention sets a dangerous precedent for future violations of the principle of national sovereignty. Kosovo opened up the road to Afgh

Prime Minister Tony Blair.-TOBY MELVILLE/REUTERS

Retribution in kind

The British people cannot ignore the fact that the London blasts were a result of the steps Tony Blair took in aiding the U.S. occupation of Iraq and

Arundhati Roy at the World Tribunal on Iraq in Istanbul.-REUTERS

The perfect storm

The World Tribunal on Iraq convened in Istanbul was a nearly flawless performance of a symphony of sorrow, outrage and condemnation of the U.S.-led in

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