Many business leaders have fond memories of the "free trade" years of the Bill Clinton administration, when chief executive officer salaries soared and the global influence of multinational corporations surged.
Rejecting neo-conservative unilateralism, they want to see a renewed focus on American "soft power" and its instruments of economic control, such as the World Bank, International Monetary Fund (IMF), and World Trade Organization (WTO) - the multilateral institutions that formed what was known in international policy circles as "the Washington Consensus". These corporate globalists are making a bid to control the direction of economic policy under a new Democratic administration.
Monday, May 19, 2008
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