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Any quick sources to back that up? IMF appears to set some conditions to put the economy back on track before lending.
by belltaco 3y ago
Any quick sources to back that up? IMF appears to set some conditions to put the economy back on track before lending.
- hackandthink 3y agoDavid Graeber: Oh, absolutely. After all, the alter-globalization movement grew out of a broad global reaction to the Washington consensus, which was never any sort of consensus, but rather, a vision of the world forcibly imposed on the global South through the third world debt crisis. I was involved in “drop the debt” campaigns of various sorts since at least 2000. What got me interested in some of the philosophical issues I ended up ex- ploring in the book was the peculiar moral power of the notion of debts. So many oth- erwise sympathetic people, even when told of the terrible, almost unimaginably inhu- man suffering inflicted on people in the global South because of the depredations of the IMF, would still respond, “well, that’s terrible that so many children died slow and painful deaths, but still—surely one has to pay one’s debts! https://davidgraeber.org/wp-content/uploads/debts-history-implications-and-critical-perspective.pdf https://davidgraeber.org/wp-content/uploads/debts-history-im...
- slantedview 3y agoSure: two somewhat recent books that cover this are "Silent Coup" by Claire Provost and Matt Kennard, and "The Divide" by Jason Hickel. Another that covers this topic is "Superimperialism" by Michael Hudson. The purpose of the IMF is not to help countries out of some kind of benevolence, it's to use debt as a control mechanism over other countries.