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Four decades of economic denial delusion and lies
The IMF and World Bank admit to the inequality crisis, but their policies cause it, says MYA POPE-WEIDEMANN

THE World Bank and the International Monetary Fund (IMF) have been forced to admit to the crisis of soaring inequality. But it is the policies they have spent 40 years forcing on the world’s poor that led us here.

This charm offensive is unlikely to signal a significant shift in their approach but it may be an indication that the cracks in the system run deeper than they appear.

This isn’t the first time that the IMF and World Bank have changed their tune. It happens about once every 20 years, when the gulf between their real-world impact and their stated aims of sustainable development, democracy and poverty reduction grows a little too wide to explain.

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