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> How can I, as a person, talk with my money to prevent this? With your personal money? You can't. Can you convince extremely wealthy people to spend their mon
by ativzzz 7y ago
> How can I, as a person, talk with my money to prevent this?
With your personal money? You can't. Can you convince extremely wealthy people to spend their money in a way that will ultimately lose them money? Possible, but still losing odds.
See Confessions of an Economic Hitman by John Perkins for an example of what this fight looks like. (he was one of the guys who paved way for the original deals between the US and Saudi Arabia that you mention)
- marnett 7y agoThanks for that book recommendation - really appreciate it. I have been looking for a solid critical reference regarding the World Bank (and IMF, for that matter) for some time now. There were some allusions in Naomi Klein's The Shock Doctrine that set me down this rabbit hole.
- danans 7y ago> See Confessions of an Economic Hitman by John Perkins Or, for a far less conspiratorial take on the same phenomenon, read "Globalization and its Discontents" by Nobel Laureate Joseph Stiglitz. In it you'll learn how institutions like the IMF treated open markets and no currency flow restrictions as a religion regardless of whether they made sense for the stage of development of the countries on which they imposed those as terms of their loans.
- deleted 7y ago[deleted]