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The IMF is essentially a credit union with 191 member countries, so they'd become a vassal to most of the world - if by vassal, one means to agree to terms that
by Aloisius 9mo ago
The IMF is essentially a credit union with 191 member countries, so they'd become a vassal to most of the world - if by vassal, one means to agree to terms that might make it possible to repay loans.
Some (including quite a few neoliberals) want to abolish the IMF altogether, though I'm unsure if letting countries collapse completely is really a better option.
- burnt-resistor 9mo agoLies. IMF isn't a charity. They come in and dictate policy and make money off misfortune. It's disaster capitalism. Edit: See also. https://en.wikipedia.org/wiki/The_Shock_Doctrine https://en.wikipedia.org/wiki/The_Shock_Doctrine
- Aloisius 9mo agoI did not say it was a charity.