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the washington consensus...

October 13, 2024 - 16:51 -- Admin

 

...this “consensus”, which was never actually a consensus, was decided in January 1993, an American scholar tells us, between “15th Street and 19th Street in Washington among the United States Treasury, the IMF and the World Bank, as well as some influential think tanks, a prominent majority of academics along with assorted editorialists and, most importantly, business interests.”

According to Canadian author Naomi Klein, in her seminal work The Shock Doctrine (Metropolitan, 2007), many of the powerful masterminds in Washington saw Russia’s economic collapse as a geopolitical victory — the decisive one that secured the United States’ supremacy. “With the end of the Soviet empire”, she wrote, “the market now had a global monopoly”.

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