The new head of the International Monetary Fund warned that according to the bank’s researchers, the global capitalist situation today is uncomfortably like it was 100 years ago which led to the Great Depression of 1929. What is important to note is that this is no left-wing group proclaiming the end of the world. This is a centrist bank. What is amusing is that she does not see their own organization in any way complicit in creating these conditions. Thanks to Michael Roberts for this post.
Read at IMF
