True, global “government” can go too far – for example, when WTO rules conflict with sensible local environmental safeguards, or when IMF requirements for developing-country borrowers narrow the scope for creative heterodoxy in growth and poverty-reducing policies. It is also true that countries dependent on official aid and IMF loans can face unwarranted pressure to conform to outsiders’ wrongheaded policy views – from premature opening of capital markets in Asia in the 1990’s to force-fed austerity in Greece and Spain today.