Mikhail Gorbachev - Call For Global Restructuring

Call For Global Restructuring

Gorbachev calls for a kind of perestroika or restructuring of societies around the world, starting in particular with that of the United States, because he is of the view that the late-2000s financial crisis shows that the Washington Consensus economic model is a failure that will sooner or later have to be replaced. According to Gorbachev, countries that have rejected the Washington consensus and the International Monetary Fund approach to economic development, such as Brazil and China, have done far better economically on the whole and achieved far more fair results for the average citizen, than countries that have accepted it.

Gorbachev is also a member of the Club de Madrid, a group of more than 80 former leaders of democratic countries, which works to strengthen democratic governance and leadership.