Sovereign Immunity
The World Bank requires sovereign immunity from countries it deals with. Sovereign immunity waives a holder from all legal liability for their actions. It is proposed that this immunity from responsibility is a "shield which wants to resort to, for escaping accountability and security by the people." As the United States has veto power, it can prevent the World Bank from taking action against its interests.
Read more about this topic: World Bank, Criticisms
Famous quotes containing the words sovereign and/or immunity:
“The sovereign being is burdened with a servitude that crushes him and the condition of free men is deliberate servility.”
—Georges Bataille (1897–1962)
“Mistakes, scandals, and failures no longer signal catastrophe. The crucial thing is that they be made credible, and that the public be made aware of the efforts being expended in that direction. The “marketing” immunity of governments is similar to that of the major brands of washing powder.”
—Jean Baudrillard (b. 1929)