If that same banker lends a million dollars to a Third World dictator, he need never do so, because he knows the IMF will always be there to squeeze the money out of the dictator's former victims. Once again, as long as it is Citibank's interest that's at stake, corporate globalizers are happy to insist on the sacred principle of national sovereignty. It is time be honest. The real argument is not between those who are for globalization and those who are against it. It never was.
Real globalization means reducing restrictions on everyone.
Corporate globalization means reducing restrictions on those who are already rich and powerful, and strengthening the walls which imprison the poorest and most vulnerable. It is plainly immoral. That's why so many thousands of America's young people having been mobilizing to protest it, and demanding a form of globalization which will actually benefit the vast majority of people with whom we share this earth.