The World Bank is still pretending that deregulating markets and corporations, rather than supporting ordinary people, is the way out of this crisis.
The World Needs a New Social Contract — Not More ‘Structural Adjustment’
read more
Washington Consensus
What the UK’s Labour Party Can Teach Democrats About Internationalism
In the fight for the future of the Democratic Party, progressives must not let their critique of the status quo end at the nation’s borders.
Waiting for Copernicus
It’s happening in Buenos Aires. It’s happening in Paris and in Athens. It’s even happening at the World Bank headquarters.The global economy is finally shifting away from the model that prevailed for the last three decades. Europeans are rejecting austerity. Latin Americans are nationalizing enterprises. The next head of the World Bank has actually done effective development work.
Maybe that long-heralded “end of the Washington consensus” is finally upon us.
The Post-Washington Dissensus
Development circles were not shocked last year when two studies detailed how the World Bank’s research unit had been systematically manipulating data to show that neoliberal market reforms were promoting growth and reducing poverty in developing countries. They merely saw these devastating findings, one by American University Professor Robin Broad, the other by Princeton University […]