The Globalizer Who Came In From the Cold Joe Stiglitz: Today's Winner of the Nobel Prize in Economics
The World Bank’s former Chief Economist’s accusations are eye-popping – including how the IMF and US Treasury fixed the Russian elections
“It has condemned people to death,” the former apparatchik told me. This was like a scene out of Le Carre. The brilliant old agent comes in from the cold, crosses to our side, and in hours of debriefing, empties his memory of horrors committed in the name of a political ideology he now realizes has gone rotten.
It’s quiet now, but all police leave in the capital has been cancelled. They’re taking no chances after last week’s anti-globalisation protests in Quebec and the street wars on this spot during the same meeting last year of the IMF and World Bank. So what’s their complaint? The protesters say that what we have here is a conspiracy – the World Bank, IMF and World Trade Organisation don’t help the poor of the world, they crush them. Well, the bosses are here today, let’s ask them. Mr Wolfensohn, the protesters say you are the chief of a secretive, undemocratic world government which has made poverty worse worldwide. How do you respond?