BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Debt, Power, and Corruption
This chapter explores the historical impact of the World Bank and IMF on developing countries, revealing how high-interest loans created a cycle of debt that benefited corrupt leaders. It critiques the practices of these financial institutions, arguing they perpetuate poverty and maintain power for military dictatorships while worsening economic conditions for citizens. The discussion advocates for recognizing odious debt and reforming the existing financial structures to promote accountability and support genuine recovery.
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