Felix Anderl’s book is a stimulating analysis of the decline of social movements against the World Bank and the rise of a new form of transnational rule. Reflecting on the transnational mobilizations of the 1990s, the book examines activists’ struggles to sustain their momentum. It shows how the opening up of world economic institutions contributed to complex rule in global governance, creating access for some while weakening their critique and fragmenting the overall movement. The book bridges international relations and social movement studies to observe international organizations and social movements in their interaction, demonstrating how social movements are divided and ruled in the absence of a ruler.