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The IMF primarily. Yes the US takes part in that, but the organization is the IMF. The IMF partially realizes their role in this, but its more of an outcome t
by cloudjacker 10y ago
The IMF primarily.
Yes the US takes part in that, but the organization is the IMF.
The IMF partially realizes their role in this, but its more of an outcome than a conspiracy. They've commented on that book in an interesting non-denial, basically saying that the GDP of the countries they've helped/subjected-in-a-giant-conspiracy is so low and such a small fraction of the IMF budget that it doesn't make sense that they would put much effort in it.
In any case, its just the terms of their contracts. Country can't pay, country must raise taxes or expropriate goods, or find natural resources.
- hackuser 10y ago> Yes the US takes part in that, but the organization is the IMF. To be clear: The IMF and World Bank are primarily controlled by the Western powers. EDIT: And are seen as tools of Western power by many.
- alanwatts 10y agoThe current US Secretary of the Treasury is the most influential member of the IMF, with 16.66% of the total voting power (Jacob Lew) [1]. He was promoted to his current posts shortly after banking on the 2008 economic collapse with Citi. [1]https://www.imf.org/external/np/sec/memdir/members.aspx#3 https://www.imf.org/external/np/sec/memdir/members.aspx#3
- hackuser 10y agoI'd add that I think the Managing Director, Christine Lagarde, is considered the most influential person, though I'm not sure how the voting works. The deal long (or always?) has been that a European runs the IMF (Legarde) and an American runs the World Bank, currently Jim Yong Kim. As you might imagine, the rest of the world feels a bit left out.
- CyberDildonics 10y ago> Country can't pay, country must raise taxes or expropriate goods, or find natural resources. Or sell infrastructure to private industries (this is what the economic hit man interview I saw claimed)