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It's been argued that if you observe actions and not words, default has always been the point of IMF loans. Have you read Confessions of an Economic Hitman?
by ted_bunny 2y ago
It's been argued that if you observe actions and not words, default has always been the point of IMF loans. Have you read Confessions of an Economic Hitman?
- manishader 2y agoIf you can't tell Confessions of an Economic Hitman is a work of fiction I don't know what to tell you.
- PittleyDunkin 2y agoYou don't need to read the book to see the role the world bank plays in preserving worldwide power structures. The entire world can talk to each other outside the american media sphere, you know!
- whimsicalism 2y agoI think that generally if you read the internal documents, most of the people behind IMF and other global development loans are operating in good faith and not simply puppets of the political agenda of the west. I think they showed clear overconfidence in their policy prescriptions, but not out of malice
- bobthepanda 2y agoThe IMF is by definition the lender of last resort, when banks and investors find a country so fiscally irresponsible that they cannot access reasonable funding. It is not exactly surprising that those kinds of basket case economies also fail when given IMF loans given that people predicted they were going to do that and stopped lending.