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It's worth noting this is a common tactic of the IMF... offer big loans to countries, as long as they let in outside companies to do business in their sectors,
by arminiusreturns 6y ago
It's worth noting this is a common tactic of the IMF... offer big loans to countries, as long as they let in outside companies to do business in their sectors, which causes lots of corruption and kickbacks... meanwhile, the problems that needed to be solved don't for the non-powerful locals, and now the country is in worse shape with corruption, and wealth inequality jumps while hvings massive amounts of debt. If that country tries to resist... well, I think people should read John Perkins books.
- api 6y agoSounds like what our own financial sector is doing here.
- m463 6y agoWhen I read his books it seemed that the whole point was to indebt small countries to large ones so they couldn't be independent. But it's hard to figure out "whole point" because it might just be that's how all the individual interests play out and it's not a plan.