Aerial view of Oxford. Photo: Oxford University.
There are international institutions that have real power over states–namely the IMF, the World Bank and the WTO, who leverage the dependence of neocolonial states in Africa, Asia and Latin America on western loans and access to markets to impose regimes of privatisation and deregulation. But the conspiracist libertarians never talk about that because what happens in the majority world does not concern them, and anyway, they support those policies. Once again, they refuse to see that it is the very private property system they support which is creating the problems that so vex them.
