Wednesday, May 18, 2011

The Fall of Strauss-Kahn Raises Questions about Unaccountable Bureaucracies

IMF Managing Director Dominique Strauss-Kahn (...

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This unelected institution is to the modern world what the Roman Catholic Church was to the Middle Ages: the real power behind the throne — everywhere, operating in the shadows and never held to account. Consider the market talk that Strauss-Kahn’s arrest may hurt Greece’s chances to refinance its debt. That such a thing could even be considered tells you a lot.

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