Having Paul Wolfowitz head up the World Bank is like having a fox guard the hen house.

But President Bush II's choice Tuesday is typical -- not surprising -- of his mismanagement. According to Wolfowitz's neo-conservative ideology, the World Bank should not even exist.

For him, all aspects of social life are subordinated to the logic of the marketplace, and thus, any laws or social programs that get in the way of a company's profit-motive are bad and unnecessary.

According to the market fundamentalism of the neocons, "greed is good."

However, the very existence of the World Bank is a testament to the fact that Bush and Wolfowitz's satanic "greed is good" approach to governance does not actually work in practice.

If greed were indeed good, then the poor wouldn't be getting poorer and the Bank wouldn't have to help out all the nations which were formerly the colonies of greedy empires.

Moreover, the former head of the World Bank, Joseph Stiglitz, and many others have already explained why market fundamentalism is idiotic policy for the World Bank.

But we should not be surprised. Early in 2001, Bush appointed John Negroponte to the U.N.

He is a man infamous for the Iran-Contra Affair and partially responsible for the deaths of thousands of children in Nicaragua.

For Secretary of Education, he appointed Rod Paige.

Paige said that teachers unions were terrorist organizations.

Christine Todd Whitman resigned from the Environmental Protection Agency because Bush wouldn't let her ... protect the environment.

And now Wolfowitz.