The International Monetary Fund and the World Bank have a well-deserved reputation for being the loan sharks of global capitalism. Both institutions are infamous for forcing poor countries in the global south to ruin their own economies in order to further enrich Western corporations. Nations who decline to borrow money at exorbitant interest rates and then beggar their populations to pay it back (or worse, default on their existing debt), are subjected to trade sanctions that have been described as “the economic equivalent of nuclear war.”
Trump’s election victory: the schism in the US is deepening, the fight is
intensifying
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By Veniamin Popov – New Eastern Outlook – November 23, 2024 Following a
crushing defeat at the November 5 elections (Democrats are now in the
minority in C...
1 hour ago
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