BruceA: IMF Enacts Historic Governance Reform
January 28, 2016
The 188 member countries of the IMF have enacted a major modernization of the Fund’s governance structure, shifting more than 6 percent of quota shares to emerging market and developing countries. http://www.imf.org/external/mmedia/view.aspx?vid=4726823108001
Zerohedge: Deep State: Inside Washington’s Shadowy Power Elite
This “state within a state” hides “mostly in plain sight, and its operators mainly act in the light of day,” says Lofgren, and yet the “Deep State does not consist of the entire government.”
“Our plutocracy, whether the hedge fund managers in Greenwich, Connecticut, or the Internet moguls in Palo Alto, now lives like the British did in colonial India: ruling the place but not of it.
If one can afford private security, public safety is of no concern; to the person fortunate enough to own a Gulfstream jet, crumbling bridges cause less apprehension, and viable public transportation doesn’t even compute. With private doctors on call and a chartered plane to get to the Mayo Clinic, why worry about Medicare?”
? Mike Lofgren, The Deep State: The Fall of the Constitution and the Rise of a Shadow Government
“Our analyses suggest that majorities of the American public actually have little influence over the policies our government adopts. Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise.
But we believe that if policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America’s claims to being a democratic society are seriously threatened.”