... into the heart of the major crises of capitalism in recent times clearly reveals how the IMF appallingly mismanaged each case, demonstrating their lack of reform. Stiglitz also uncovers the hidden agenda behind the IMF as he strongly depicts the structural problems with global financial governance and the manner in which its institutions are deeply complicit with the main objectives of Wall Street and the US Treasury Department. He consistently highlights the fact that the IMF is working in a manner that directly contradicts its original objective of providing economic stability in times of crises. Furthermore, he calls our attention to the consistent gap between rhetoric and reality by exposing how the IMF instead of being accountable to the societies they impinge often behave as the apparatus of American principal. Stiglitz complains that the IMF has done great damage through the economic policies it has prescribed to countries. In ...

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