Read_686 - How the IMF and World Bank Repress Poor Countries, Part 4 [Alex Gladstein]
"The "generosity" of the West enabled unaccountable leaders to plunge their nations into debt deeper than ever before. The system was, as Payer writes in "Lent And Lost," a straightforward Ponzi scheme: the new loans went straight to paying for the old loans. The system needed to grow to avoid collapse."
Read_687- How the IMF and World Bank Repress Poor Countries, Part 5 [Alex Gladstein]
"Research from Mexico a typical country in terms of consistent involvement historically from the Bank and Fund shows that for every 2% decrease in GDP the mortality rate increased by 1%. Now consider that as a result of structural adjustment, the GDP of dozens of countries in the Third World between the 1960s and 1990s suffered double-digit contractions. Despite massive population growth, many of these economies stagnated or shrank over 15-25 year periods. Meaning: the Bank and the Fund's policies likely killed tens of millions of people."
