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Embedded Internationalism: the only way to fight the global oligarchy

Progressives must urgently develop a new vision for international institutions, or they will be reshaped in the image of our opponents.

Embedded Internationalism: the only way to fight the global oligarchy
David R. Malpass, the new President of the World Bank Group. | Image: World Bank, CC BY-NC-ND 2.0
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This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The views expressed are those of the author's only, and are not necessarily representative of either organisation.

A coup is underway at the World Bank, and no one is watching. On Friday, 5 April, the executive directors of the world’s most powerful multilateral bank voted unanimously to appoint David Malpass — a staunch supporter of Donald Trump and fierce critic of “globalism” — as its new president.