Who really runs the global economy? Who benefits most from it? The
answer is a triad of 'governance institutions' - The IMF, the World
Bank and the WTO. Globalization massively increased the power of these
institutions and they drastically affected the livelihoods of peoples
across the world. Yet they operate undemocratically and aggressively
promote a particular kind of neoliberal capitalism. Under the
'Washington Consensus' they proposed, poverty was to be ended by
increasing inequality. This new edition of Unholy Trinity, completely
updated and revised, argues that neoliberal global capitalism has now
entered a period of crisis so severe that governance will become
impossible. Huge incomes for a small number of super-rich people
produced an unstable global economy, rife with speculation and
structurally prone to crises. The IMF is in disgrace, the WTO can
hardly meet anymore and the World Bank survives as a global
philanthropist. Is this the end for the Unholy Trinity?
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Produktdetaljer
ISBN
9781848137967
Publisert
2017
Utgave
2. utgave
Utgiver
Vendor
Zed Books
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter