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The current economic crisis provides a sobering reality check to the western developed countries on the viability of their current economic models. The continued rise of standard of living in the west, gained on the backs of exploiting cheap labor or resources in other parts of the world has run its course. The last 60 years, western countries have been forced to relinquish the colonial control over the lands and economies of their former colonial possessions and instead turned to capitalism to exact a measure of control over those former states. The establishment of the world bank and the IMF have allowed western nations to establish , often very favorable monetary relationships in the form of loans, and to enable exchanges of goods, resources and services between western countries and the still resource rich countries of the third world. At the same time, active or passive attempts to maintain control of these areas by securing favorable governments into power through political and ...