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The parent is a sarcastic exaggeration but it is not totally false. The IMF has changed a lot in the last 20 years, but they had a streak in the 80s where they
by blululu 6y ago
The parent is a sarcastic exaggeration but it is not totally false. The IMF has changed a lot in the last 20 years, but they had a streak in the 80s where they would force third world countries to scrap their social welfare systems to pay off debt on loans that were foolishly made to previous unelected dictators.
- andrewjl 6y agoI'm not familiar with the details, but if they were at all similar to the mid-2010s Greek situation then they were not sustainable, irrespective of IMFs involvement. Generally I think there are better ways to grow economy than pure austerity, but the details do matter.
- ClumsyPilot 6y agoIs a country responsiblebfor debts incurred by an illegitimate govermnet? Like imagine someone forced you to tale out a loan at gunpoint - that wouldn't fly