Apropos of the editorial, “Castro, ChAvez and now the entire Latin America is showing that it is time for the
world to get
together and embrace happy
capitalism”. The Venezuelan President Hugo ChAvez’s decision to sever ties with the IMF and the
World Bank is an intrepid one. It is a serious indication that the American version of capitalism is not the ideal one. Hugo’s decision to form an alternative to IMF and World Bank give much worry to the US administration. The growing popularity of the Latin American leaders’ paves way to the new version of capitalism. If it work out well many of US’s business plans will go in vain. As the edit said, “It is high time that other countries too join together to form this new and happy capitalism for the welfare of the struggling nations. That will be a fitting lesson to the US cartel, and will the end of their hegemony.