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A middle finger to the IMF sharks is a good start to fix a country.
by ulzeraj 5y ago
A middle finger to the IMF sharks is a good start to fix a country.
- dragonwriter 5y ago> A middle finger to the IMF sharks is a good start to fix a country. On the one hand, I’m no IMF fan and appreciate how that abstractly could be part of the beginning of a better fix than typically comes of working with the IMF. On the other hand, in practice it seems usually to be part of a flag-waving, nationalist, foreigners-are-the-problem distraction for regime leaders implementing either looting the country or tightening an authoritarian fist around it under the guise of economic/financial reforms not beholden to foreigners (but any of whose bad effects will be blamed on foreign interference.)
- imtringued 5y agoThe UK started the foreigner blame game in 2016. It will probably get worse in other nations.
- Karrot_Kream 5y agoSure but the IMF has been no friend of poorer countries for a while now. And accepting Bitcoin as legal tender is _probably_ not a nationalist/isolationist move.
- lottin 5y agoI don't know about "sharks"... The only reason the IMF gets involved in a country is because the government asked for a loan from the IMF.