Our global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity
“The peoples of the Earth,” Henry Morgenthau said, “are inseparably linked by a deep underlying community of purpose.”
In July 1944, Morgenthau, the US Treasury secretary, was closing the Bretton Woods conference with a reflection on extreme nationalism and the failures of cooperation that had led to war. Cautioning against the pursuit of national interest through “the plan-less, senseless rivalry that divided us”, he outlined an accord for new institutions grounded in an appeal to shared humanity.
Continue reading...from The Guardian https://ift.tt/33Fls8y
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