An Introduction to Empire and Economics
A combination of politicians and unelected technocrats (such as economists, central bankers, and officials of international organizations) wield political authority over the global economy.
A combination of politicians and unelected technocrats (such as economists, central bankers, and officials of international organizations) wield political authority over the global economy.
Central bankers are notoriously conservative and orthodox in their ideological positions. In the world of economics, this puts them in the position of being the political guardians of the global neoliberal order.
One is Mexican, described by the Financial Times for his “Wall Street-sized reputation for financial wizardry”; the other is Indian hailed by India’s Economic Times as “the Poster Boy of Banking” whose “chiselled features are as sharp as his brain.” Meet Agustin Carstens and Raghuram Rajan.
Since its first bailout agreement in May of 2010, Greece has been under the technocratic and economic occupation of its bailout institutions, the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF).
By: Andrew Gavin Marshall
Originally published: 7 July 2015