The IMF is the modern replacement for colonialism
this post was submitted on 10 Oct 2023
56 points (95.2% liked)
World News
31895 readers
445 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 4 years ago
MODERATORS
56
IMF Pushes World’s Poorest Countries into “Starvation Diet” as Debt Burdens Spiral
(peoplesdispatch.org)
The IMF is colonialism. Who do you think the largest contributors to the IMF are?
Austerity measures don't work.
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/