Globaloney 2.0 argues that the institutional structure of the global economy needs to change fundamentally if we are to avoid a repeat of the boom-bust cycle. If this is true, then the news from Bretton Woods, where many of the world’s economic leaders are meeting to try to rethink the way we think about economic globalization, is very disappointing.

Click on the image of the Mt. Washington Hotel to see an interesting Financial Times report by Gillian Tett and Martin Wolf.