The Wall Street Complex, International Monetary Fund and Washington Consensus

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Abstract

“Occupy Wall Street” movement which has aimed the heart of
the global financial capitalist system enjoys a special
significance in the perspective of social-economic- political,
human rights (work force), moral and cultural heritage of
nations and can be considered as a symbol of work force
economic jihad in national and global level in order to realize
justice and socio-economic equality. But considering the Wall
Street issue alone, without considering its relationship with some
international economic institutions such as IMF or the
Washington Consensus, would deteriorate the realization of the
depth of this issue. This article tries to consider the issue by
emphasizing on factors like the power structure in international
financial institutions, the Washington Consensus, the school of
originality of money, the prevalent unstrained financial markets
called “market self-regulation”, new financial goods engineering
and risk business and the mission of the financial sector of the
(virtual) economy in actual economy, and will address the issue
in brief according to “work force as the most valuable human
assets” and economic cultural and financial jihad towards the
resurrection of human dignity from the perspective of justice and
social equality and preservation of workforce cultural heritage.
Finally there will be a brief reference to the side pressures of
the movement to the conventional economic discipline which is
mainly originated from the financial sector’s function in
national and global economy and is considered a kind of
economic jihad.

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World Studies Quarterly
Volume 2, Issue 1 - Serial Number 1
Spring & Summer
April 2012
Pages 7-32

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