We need an Andrew Jackson to take care of the World Bank and WTO

[Ignacio Upton]

I know this isn't exactly a topical thread, but the issue of abuse of a nation's economic sovereignty by entities such as the WTO and World Bank or IMF is still very much an issue. It got me thinking about a similar example of "monied elites" in American history: The Bank of the United States. Now, while Jackson would probably fit the Norquist mold of small government conservatism today in terms of government's role (and let's not get started about his role in Indian removal/genocide) the Bank of the US wasn't exactly an impeccable insitution. The first head of the Second Bank (the first one's charter expired in 1811 and wasn't renewed until long after the War of 1812, which created the second bank) filed for bankrupcy himself and the bank's last head was also a friend of Henry Clay and future Whigs (the members of Congress who eventually created the party didn't have an organized alternative to the Democrats at the time.) I would like to see an Andrew Jackson-type of figure phase out the World Bank and WTO for their practices over countries (although it should not be done in a way that is too hasty, because when Jackson killed the bank he did it in such a quick way that it contributed to the Panic of 1837). These groups could be replaced with looser organizations that don't have the power to dictate economic sovereignty (in the same way that the Federal Reserve was a looser replacement to the Bank of the United States.)