The "Told You So" Moment

This October, the International Monetary Fund (IMF) and World Bank meetings came to Washington, and, as they do every year, an impassioned bunch of activists mounted protests, decrying the neoliberal agenda that has deregulated markets, pitted worker against worker, and devastated local communities and the environment. The difference this time around was that, in the wake of the most significant financial meltdown of our times, the bankers were echoing the protestors' calls for re-regulation.