Saturday, October 3, 2009

Early Indicators:

... Keynes was one of the founding fathers of the Bretton Woods institutions - the World Bank and the IMF - he, I believe, was driven by the very best of interests - he was very concerned by what had happened during the depression and he was concerned about poverty, but he had no faith in people, in individuals to run their affairs and run the affairs of state - he believed in the need to have a "Guardian Elite" that would do the economic management and design industrial strategies, and so on, that would guide the economies of countries - and this is precisely what the World Bank turned out to be - now the World Bank in particular is virtually, legally unaccountable ... -- [CBC IDEAS, Mar14-1992, Business World, discussion Economist Patricia Adams, exec-dir PROBE INTL, author Third World "Odious Debt"]

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