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The forces in Washington that support economic neoliberalism (the World Bank, IMF, US Treasury, US Federal Reserve and associated thinktanks) and political neoconservatism (the White House, Pentagon, State Department and thinktanks) are both suffering major legitimacy problems. These have built up not only in the economic sphere, as is now so obvious, but also over a three-decade long geopolitical process. The purpose of these remarks, as requested by WFA chair Samir Amin, is to provide the background context for discussions on today’s world economic order.
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