Private capital has failed to reduce poverty and inequality – on the contrary. It has failed to invest in the infrastructure and technology to raise living standards globally and reduce carbon emissions – on the contrary, fossil fuel production and profits continue to rise. It’s clear, even if the IMF experts do not admit it, that public investment for common good should replace capitalist investment for profit to meet the needs of the many and to introduce the technology to reduce emissions and expand vaccines. And fossil fuel companies need to be brought under public ownership and control and phased out. Global coordination is impossible while imperialist powers dictate the terms. Peace and imperialism is an oxymoron.