Friday, 19 April 2019

A Guardian of Global Capitalism Warns Capitalism Has A Problem

A Guardian of Global Capitalism Warns Capitalism Has A Problem

It's springtime again in Washington, D.C., when flowers bloom, birds chirp, and thousands of wonks from all over the world descend on the Spring Meetings of the International Monetary Fund and World Bank, Planet Money included. Since World War II, the IMF and World Bank have served as guardians of global capitalism. The IMF, in particular, has a long history of bailing out countries in financial crises and using its power to push a free-market agenda. That's why we were surprised to hear IMF officials suggest capitalism is running amok.
Read more: https://www.npr.org/sections/money/2019/04/16/713615612/a-guardian-of-global-capitalism-warns-capitalism-has-a-problem?source=Snapzu

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