Another World is Possible, If
This week I am debating Susan George, a political scientist and a fierce critic of the World Bank, the IMF and the WTO. George refers to those as the three stooges of global capitalism. Recently she has added the OECD, making the reference passe. An alternative name suggested: the four baddies.
In essence, George's argument is that the Bretton Woods institutions (plus selected others) are the servants of global corporations. And since corporations can't think beyond their noses, nothing good can come out of that. A notable Susan George quote: "Markets can't think about anything beyond about three months. This is very long-term for markets, which is why the important things in life have got to be taken outside of the marketplace. " Lesson one: market institutions are bad for development.
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