As long as the IMF and World Bank maintain their dominance over the world trade and financial system we are going to see no change in global inequality or stopping the climate crisis. Both defy the most basic principle of democracy: one member, one vote. In my research I have argued that rising global inequality is driven in large part by power imbalances in the global economy, in that rich countries have disproportionate influence when it comes to setting the rules of international trade and finance. Nowhere is this problem more apparent than when it comes to voting power in the World Bank and the International Monetary Fund (IMF), two of the key institutions that govern global macroeconomic policy.

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Von Veritatis

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