Globalization encompasses three institutions: global financial markets and transnational companies, national governments linked to each other in economic and military alliances led by the United States, and rising "global governments" such as World Trade Organization (WTO), IMF, and World Bank. Charles Derber argues in his book People Before Profit, "These interacting institutions create a new global power system where sovereignty is globalized, taking power and constitutional authority away from nations and giving it to global markets and international bodies"
Managing Director Lagarde (2011-2019) was convicted of giving preferential treatment to businessman-turned-politician Bernard Tapie as he pursued a legal challenge against the French government. At the time, Lagarde was the French economic minister. Within hours of her conviction, in which she escaped any punishment, the fund's 24-member executive board put to rest any speculation that she might have to resign, praising her "outstanding leadership" and the "wide respect" she commands around the world.
Former IMF Managing Director Rodrigo Rato was arrested in 2015 for alleged fraud, embezzlement and money laundering. In 2017, the Audiencia Nacional found Rato guilty of embezzlement and sentenced him to 41⁄2 years' imprisonment. In 2018, the sentence was confirmed by the Supreme Court of Spain.
https://en.wikipedia.org/wiki/International_Monetary_Fund#Voting_power
https://en.wikipedia.org/wiki/International_Monetary_Fund#US_influence_and_voting_reform
https://en.wikipedia.org/wiki/International_Monetary_Fund#IMF_and_globalization
https://en.wikipedia.org/wiki/International_Monetary_Fund#Scandals
JUST FUCK THEM ALL
Can you please copy pasta this to the other one? I stickied it as well
Done :-)
Thanks Fren!