Of hegemon and hobbled governance

LET us state the obvious: global governance has been in a bad state for the longest time. This the world knows and so do the great powers, in whose national interests global governance remains trapped. No surprise here. Hubristically interpreting its victory in World War 2 to mean that the world was for it alone to govern, one hegemon began designing global institutions, starting with the United Nations, with a bias towards its national interest. Ditto global finance, trade, legal and more. They all come designed with hegemonic flaws. Consider the International Monetary Fund. This so-called international body is founded on two motives: to impose Western neoliberal economic models on all…