Financial Times FT.com

The Bretton Woods sequel will flop

By Gideon Rachman

Published: November 10 2008 19:22 | Last updated: November 10 2008 19:22

I blame it all on Dean Acheson. The long-dead American statesman was a big figure at the original Bretton Woods conference in 1944 and later helped invent Nato. Acheson gave his memoirs the modest title Present at the Creation and, in so doing, he inadvertently fed the grandiose fantasies of the leaders of the Group of 20 leading economies who will assemble in Washington next weekend. Perhaps they too can achieve near God-like status by reordering the institutions of the world?

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