Repeat: “…a fundamental rethinking of economic theory”…. (a greater) “distribution of income”…(more) “regulation of financial companies”, “central banks need to do more to prevent lending and asset prices from expanding too fast”.
Are you kidding me? Read that passage again and I think you’ll agree with me that Strauss-Kahn had signed his own death warrant.
There’s not going to be any revolution at the IMF. That’s baloney. The institution was created with the clear intention of ripping people off and it’s done an impressive job in that regard. There’s not going to be any change of policy either. Why would there be? Have the bankers and corporate bilge-rats suddenly grown a conscience and decided to lend a helping hand to long-suffering humanity? Get real.
Strauss-Kahn broke ranks and ventured into no man’s land. That’s why he was set up and then crushed like a bug.
(Note: Strauss-Kahn has been replaced by the IMF’s number 2 guy, John Lipsky, former Vice Chairman of the JPMorgan Investment Bank. How’s that for “change you can believe in”?)