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'World Bank' for sale on eBay
Activists said the bank "will do a lot less harm to the world gathering dust in your attic."
October 4, 2004: 8:09 AM EDT

NEW YORK (CNN/Money) - Don't like the policies of the World Bank?Then sell it on eBay.

The Center for Economic Justice tried to do just that.

The activist group, which aims to minimize the negative effects of globalization, initiated the eBay auction by posting a desktop globe last Friday with a coin slot cut in the top. The posting's headline read "World Bank -- Antiquated (does not work)."

However, the listing didn't appear on eBay on Monday.

Social and environmental activists have long derided the World Bank, an international lending institution, for championing policies that they say lead to increased poverty and environmental disruption in the developing world.

The bank has argued that its loans for development projects are crucial to modernization and economic growth.

With a starting bid of 30 cents, or, according to the product description, the hourly minimum wage under World Bank policies in Haiti, the site had received 49 visitors by early afternoon. The bid, however, had not risen above 30 cents.

The posting coincided with a series of protests planned for the weekend when the World Bank and the International Monetary Fund met in conjunction with the gathering of Group of Seven major industrialized nations in Washington D.C.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.