And that sums it up: he's nuts.
As amply documented, humanity in the post-Cold War era is undergoing an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the world population. National economies are collapsing. Unemployment is rampant; Wall Street banks are "taking over countries" one after the other; regional wars have erupted along strategic gas-oil pipelines, and often behind the various "insurgencies" are powerful corporate interests which coincidentally are also lobbying for trade reform. In most countries the standard of living has collapsed....and it became immediately clear to me - he's not talking about the way things are around here. No, he's obviously decrying the state of the Martian economy or some such thing. He can't possibly be talking about this planet...
The sky is falling! The sky is falling! What would we do without the UN and International Labor Organization?
What the World Bank most fears is a boycott of its bonds by pension funds and cities - much like the antiapartheid "divestment" crusade of 15-20 years ago. Already, antiglobalists have gotten a few small cities to boycott World Bank bonds - and are now trying to get a giant professors' retirement fund (TIAA-CREF) to boycott them. With the leftism predominant among college faculty, I give that effort excellent chances.