A Guardian of Global Capitalism Warns Capitalism Has A Problem
The IMF finds companies are getting increasingly powerful. Here's why that's bad for consumers and for the whole economy.
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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 of the International Monetary Fund and World Bank, 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
