64
IMF Pushes World’s Poorest Countries into “Starvation Diet” as Debt Burdens Spiral
(peoplesdispatch.org)
The IMF is the modern replacement for colonialism
this post was submitted on 10 Oct 2023
64 points (95.7% liked)
World News
36407 readers
1081 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
The IMF is colonialism. Who do you think the largest contributors to the IMF are?
Austerity measures don't work.
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.
Why would conservatives care about the right in poor African countries?
They force sell offs to western investors.
disaster capitalists at it again
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/