Castro, ChÁvez and now the entire Latin America is showing that it is time for the world to get together and embrace happy capitalism
After celebrating the execution of Saddam and (almost) writing the obituary of Fidel Castro, the US was sitting pretty and eying an opportunity to engage with Iran. But, the hale and hearty revival of Castro and his iconoclastic interview, blasting Bush for freeing a terrorist and his biofuel plans, terming the latter as a genocide, had put sudden halt to the celebrations. Moreover, much to their chagrin, what they have witnessed over the last couple of weeks are some historic decisions that were taken up by a few countries, which could well mark the end of their hegemony and the beginning of the new world order. To begin with, lets start with the most historic and yet carefully ignored news of this week. On 1 May 2007, the Venezuelan President Hugo Chávez, severed ties with the World Bank and the International Monetary Fund, after clearing debts in advance and pledged to start a new Banco del Sur. He stated that this new bank would disburse finances for state projects across Latin Ame...