Why the IMF remains undemocratic

Richard Laming

Letter published in The Guardian, Thursday 18 July 2002

Most concepts of democratic accountability include answering before a parliament representing the citizens. There is no such role within the IMF, or any global institution. No wonder so many are angry. The problem with globalisation is not that it is capitalist per se, but that it enables capitalism to escape the controls of democracy.
Richard Laming
Director, Federal Union

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