It’s time for a new Bretton Woods

Maybe it is time for the world community to put the IMF and the World Bank under the direction of the United Nations instead of the United States (and friends)? Why would the IMF or the World Bank have to sanction Russia¹

Interesting quote:

> Europe had been pulled apart by the first world war. A decade of easy monetary policy up to 1929 had been unable to paper over major political and economic changes that had created huge rifts in societies. Labour markets and family structures were changing.

I see a comparison to our time. Maybe a reaffirmation of the gold standard, or some other "hard currency", will help us crawl out of the current economic pit?

¹ I am not saying they should or should not. Just asking, "is it up to a country/or a bunch of befriended countries to force the IMF to do one thing or the other. Shouldn't all decisions come from the UN or the security council?

Archive/no paywall: https://archive.ph/Uxssq