Deeply involved in the preparation of the 1975 military coup in Chile, the so-called Chicago Boys convinced the Junta generals that they were prepared to supplement the brutality, which the military possessed, with the intellectual assets it lacked. Here Orlando Letelier, TNI's second director, reflects on the impact their economic ideology had on Chile and by default shares pertinent observations on the legacy that persists today.
Far from seeing free market economics as providing a solution to the effects of the destabilizing flows of "Eurodollars," Wachtel believes that regulation is necessary. Chief source of instability in the world economy is unregulated international banking.
The United Kingdom is home to a particularly influential services industry lobby, which operates through an organisation called International Financial Services, London (IFSL). Two IFSL working groups, the Liberalisation of Trade in Services (LOTIS) Committee and the High-Level LOTIS Group, constitute a veritable corporate-state alliance.
This is the story of America's most famous street, Wall Street. Exploring its development through the eighteenth and nineteenth centuries, Wachtel charts its dramatic transformation, offering a window on the past that helps us understand how it became the center of world finance that we see today.