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WASHINGTON (AFP) – The progressive theories that have guided the global frugalness for the last 30 years need to be overhauled, according to the nous of the IMF -- an institution daylong seen as their honcho cheerleader.

The International Monetary Fund's chicken Strauss-Kahn, in a speech on Monday said the "Washington Consensus" -- a ordered of progressive theories that stress the efficiency of the liberated mart -- were antiquated.

"The pedagogue consensus is today behindhand us," Strauss-Kahn told students in Washington, reflecting on lessons learned from the 2008-2009 financial crisis.

"In artful a newborn macroeconomic support for a newborn world, the pendulum module swing -- at small a little -- from the mart to the state," he said.

The IMF has daylong championed free-market policies, occupation on member countries to privatize state-run industries and to ease rules for businesses.

"Don't intend me criminal -- the old ornament of globalization delivered a aggregation -- lifting hundreds of millions discover of poverty," he said.

"But this globalization had a Stygian side -- a super and ontogeny chasm between flush and poor. While trade globalization is related with modify inequality, financial globalization -- the big news of past years -- increased it."

Strauss-Kahn, who is widely due to yield his place soon to advance France's Socialist Party in 2012 statesmanly elections, said more focus on social cohesion as well as tighter rules were needed.

"Over the individual term, sustainable ontogeny is related with a more coequal income distribution," he said. "The newborn global organization staleness also clear more heed to social cohesion."

"We need a tax on financial activities to obligate this sector to assume some of the social costs of its risk-taking behavior."

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