The Brettton Woods arrangements are getting pretty long in the tooth.
It was just a bunch of politicians who set that up, and while the current lot are often portrayed as less noble, less statesman-like - cometh the hour cometh the man...
It is pretty well agreed the hour has arrived, so, let's hope some fundamentals can be changed.
The institutions themselves become powerful and resistant to change and so it can be much more difficult to change, as opposed to commence some new process.
Something has to happen. Of course there is corruption in Russia and the central control in China to be taken account of in making new arrangements.
