this post was submitted on 10 Oct 2023
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[–] KevinDeRodeTovenaar 13 points 2 years ago (1 children)

The IMF is the modern replacement for colonialism

[–] zerfuffle@lemmy.ml 5 points 2 years ago

The IMF is colonialism. Who do you think the largest contributors to the IMF are?

[–] zerfuffle@lemmy.ml 6 points 2 years ago (2 children)

Austerity measures don't work.

[–] interolivary@beehaw.org 6 points 2 years ago (1 children)

Oh they work, but not the way the public is told they work.

Conservatives use austerity measures to get more support for the right wing, especially extremist parties. They know that increasing inequality drives people to vote for the right.

[–] zerfuffle@lemmy.ml -1 points 2 years ago

Why would conservatives care about the right in poor African countries?

[–] neptune@dmv.social 3 points 2 years ago

They force sell offs to western investors.

[–] kux@kbin.social 5 points 2 years ago

disaster capitalists at it again

[–] morry040@kbin.social 1 points 2 years ago

What's a bigger problem than the IMF? Corruption.

The article itself links to another Oxfam report that details how correctly taxing the wealthy in these poorer countries would provide all of the critical social services that these regions are lacking.
https://policy-practice.oxfam.org/resources/the-middle-east-and-north-africa-gap-prosperity-for-the-rich-austerity-for-the-621549/