Hi @wholeself-in. Nice to meet you. BTW, I love your username. I agree with you about the World Bank, IMF, etc. at least appearing to make a mistake. Although, at first I was a little confused as to the source you are quoting from making the same mistake, until I realized you were referring to the original article from 1988. In this initial article of mine I sort of point to the possibilities, such as the new rising AIIB and of course blockchain technology, but attempted to leave it open for pretty much anything.
What you point to in that last paragraph of the original piece is actually the direction I intend to go with the second part in particular:
to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows.
That is if I do more... Given the response so far, I'm leaning to do more now.
Do that! Sorry, I went down the rabbit hole with your post and forgot to say from where I'd pulled that quote.
No problem at all on the source. I always like a challenge, anyway... :) This particular subject branches off into so many intricate directions that root so deeply into the so called "system" as we know it to be. There's probably been thousands and thousands of books and documentaries which touch on it. I could easily just write a book on it in and of itself, given how deep and how far back the roots go.
The last 85 years started with some real turbulent changes, but overall it has proven to be so positive in and of itself. So while looking back at the mistakes of humanity, I do prefer to look forward in excitement.