from Washington's Blog. The author's otherwise excellent vision fails to distinguish between form and substance. His thesis is that the IMF may "in some ways - replace the U.S." [as the ruling imperial power]
What I believe is happening is that the ruling class in the US Empire has to a considerable degree become globalized by absorbing capitalists from many other countries. The result is an international capitalist ruling class that is beholden to no single nation (colony). The IMF is only one organization through which it rules. There are many others.
I still refer to it as the "US Empire" because I believe that it is still largely dominated by US based capitalists--certainly its dictates are enforced mostly by US armed forces and its origins were in the US.