My Conclusion (full conclusion at the foot) While America worries about Taiwan and computer chips, China is waging economic efforts to replace the legacy institutions set up by the West after WW2 (1940’s). Analysis Larry Summers speaks out while attending this weeks IMF annual meeting. He goes straight to the mandate and actions of the IMF and World Bank. They were set up to operate the Bretton Woods agreements of 1944 designed to establish for the first time a world wide monetary order. Summers point is to suggest the mandate of IMF, World Bank and UN is increasingly losing relevance … Continue reading It’s looking a bit lonely for US on the “right side of history” – Summers