Mary Claire Kendall
April 10, 2011
While all the focus is now on the three-ring circus in Washington vis-a-vis passing the fiscal 2011 budget the Democrats failed to pass in 2010, up in New Hampshire this weekend at Bretton Woods, the Institute for New Economic Thinking is convening a very important conference, “CRISIS and RENEWAL: International Political Economy at the Crossroads.”
- A d v e r t i s e m e n t
It’s no accident they’re meeting on the very same site as the Bretton Woods Conference — formally United Nations Monetary and Financial Conference — that met from July 1-22, 1944, during World War II to plan the postwar financial world after the expected defeat of Germany and Japan.
That’s because the purpose of this weekend’s conference is to reorder world finance in the wake of the near-collapse of the global financial system in 2008. Like Bretton Woods, they must expect some new calamity, with winners and losers.
The groundwork was laid a year ago at INET’s inaugural meeting at which George Soros teed off with his “Anatomy of Crisis – The Living History of Last 30 Years: Economic Theory, Politics and Policy.”