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Upvoted you because it's a very good analogy. The Washington Consensus and neoliberal trade theory have wrecked developing economies by at least 10-20 years. It
by yarou 13y ago
Upvoted you because it's a very good analogy. The Washington Consensus and neoliberal trade theory have wrecked developing economies by at least 10-20 years. It's no surprise that the developing economies doing well right now accepted little to no aid. Reading up on structural adjustment policies give a good insight into what the consequences are of seemingly benevolent loans. It's basically like a mafiosi loan shark giving you a desperately needed loan, then threatening to break your legs because you don't have the means to pay it back, forcing you to do whatever they ask of you.
- mc-lovin 13y ago>It's basically like a mafiosi loan shark giving you a desperately needed loan, then threatening not to make any loans to you in the future because you don't have the means to pay it back, forcing you to do whatever they ask of you. Fixed that for you