Waiting for Copernicus: Moving Beyond Wall Street-Centric Economics

Saturday, 12 May 2012 12:30  
By John Feffer, Foreign Policy in Focus | Op-Ed 

It’s happening in Buenos Aires. It’s happening in Paris and in Athens. It’s even happening at the World Bank headquarters.

The global economy is finally shifting away from the model that prevailed for the last three decades. Europeans are rejecting austerity. Latin Americans are nationalizing enterprises. The next head of the World Bank has actually done effective development work.

Maybe that long-heralded “end of the Washington consensus” is finally upon us.