Who exactly is it run by?Dallow Spicer wrote: ↑Tue Aug 06, 2019 12:17 amI was making a general point about how closely aligned in world views the far right and far left are these days: both believe the world is run by global elites, mutter darkly about secret canals, complain about media control, are generally anti-globalisation etc.
Mantra: Left is too stupid to understand politics/history/economics
ergo: By implication, only those in power are smart enough to do 'understand', but ethics and a sterling moral code prevent them from collaborating to entrench themselves.
Many people, including past employees of the World Bank, IMF and UN have written extensively about the disadvantages of globalisation.
https://www.globalpolicy.org/social-and ... glitz.html
In this interview, Joseph Stiglitz voices his criticism of IMF and World Bank policies. According to Stiglitz, the IMF is controlled by finance ministers and bank governors, who have created policies that favor the financial community. Furthermore, the World Bank's support for the "Washington Consensus,” a set of policies that promote "stabilization, liberalization, and privatization" of the economy, is damaging because of its emphasis on deregulation. Instead, policies should help countries develop “the right regulatory structure.” Ultimately, there must be a greater adherence to democratic principles by the Bretton Woods Institutions, says Stiglitz.
But hey, what does he know, right?