Free trade advocate Jagdish Bhagwati believes that windfall profits taxes on the financial sector and creation of an independent global risk management board are necessary reforms to shore up capitalism and globalization. In a wide-ranging interview in Toronto yesterday, Dr. Bhagwati fleshed out his prescriptions for the world economy and also provided his take on what he calls the “Wall Street Treasury Complex” as the cause of the latest catastrophe. He is the kickoff keynote speaker at the annual conference in Waterloo of The Centre for International Governance Innovation, founded by Jim Balsillie, co-CEO of Research in Motion. Smart talk finally Dr....
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