Joseph Stiglitz on the I.M.F.'s Future
The Columbia Nobel laureate says that who the International Monetary Fund chooses as its next leader will determine who will pay for the world's economic crisis: banks or ordinary citizens.
What's the Latest Development?
After being arrested in New York for the alleged sexual assault of a hotel maid, the head of the I.M.F., French national Dominique Strauss-Khan, quickly resigned his post. Currently, the world's most powerful sovereign wealth fund is looking for a replacement. Nobel economics laureate Joseph Stiglitz thinks the current front runner, Christine Lagarde, France's current economic minister, is a good match for the job: "She has been an outspoken advocate of financial-sector reforms, and has won the respect of all of those with whom she has worked."
What's the Big Idea?
Who the I.M.F. should choose to replace Strauss-Khan has opened a debate about the practices of the world's most powerful financial institutions. Appointments to top posts are typically made behind closed doors with much of the bargaining pre-arranged. The I.M.F. and World Bank are a case in point. Western powers have agreed that the I.M.F. will be headed by a European and the World Bank by an American. Stiglitz calls for more transparency in the appointment process and is encouraged by the public vetting of candidates he currently sees.
New research links urban planning and political polarization.
- Canadian researchers find that excessive reliance on cars changes political views.
- Decades of car-centric urban planning normalized unsustainable lifestyles.
- People who prefer personal comfort elect politicians who represent such views.
Progressive America would be half as big, but twice as populated as its conservative twin.
- America's two political tribes have consolidated into 'red' and 'blue' nations, with seemingly irreconcilable differences.
- Perhaps the best way to stop the infighting is to go for a divorce and give the two nations a country each
- Based on the UN's partition plan for Israel/Palestine, this proposal provides territorial contiguity and sea access to both 'red' and 'blue' America
Science and the squishiness of the human mind. The joys of wearing whatever the hell you want, and so much more.
- Why can't we have a human-sized cat tree?
- What would happen if you got a spoonful of a neutron star?
- Why do we insist on dividing our wonderfully complex selves into boring little boxes
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.