If it were something in this country, I can manage. It is elsewhere, outside my reach. I am concerned about our society after the IMF has finished with us. Sovereignty just isn't what it used to be. This may be most obvious in Asia today, but it is evident everywhere.
Few countries can afford to cut themselves off from global trade and capital flows.
Look at Myanmar, or North Korea. But when nations integrate themselves into the system, their leaders have to surrender some control. This is as true for Thailand's Chuan and South Korea's Kim as it is for U.S. President Bill Clinton, British Prime Minister Tony Blair and Russian President Boris Yeltsin. Like it or not, power has shifted from national capitals, and there is no going back. The Asian economic crisis is very political.