Back to Bretton Woods

UK - The anti-globalisation protesters have a point, argues Felix Rohatyn a former US ambassador to France, in the London edition of the Financial Times, 20 August. It is time to reform the IMF and World Bank, he says.

Ever since the failed World Trade Organisation meetings in Seattle, it has become apparent that the now-familiar protests accompanying such events merit serious attention. I believe they have three components.

The most visible is a radical, violent and nihilistic type of movement