“For a true and sustainable economic and social development to take place much more is required than is usually admitted. Measures as those suggested by the late James Tobin to curtail the irrepressible flow of currency speculation --albeit it was not his idea to foster development-- would perhaps be the only ones capable of generating enough funds, which in the hands of the UN agencies and not of awful institutions like the IMF, could supply direct development assistance with a democratic participation of all countries and without the need to sacrifice the independence and sovereignty of the peoples.”