#406: Debt-Based Colonialism and Structural Adjustment with Alex Gladstein
TFTC: A Bitcoin Podcast
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Is There Any Incentive to Stop the Debt?
In a Bitcoin standard, nations would agree to create potentially like a super national development bank to help poor countries. I also think it's possible that there's a lender of last resort type institution created where people throw in private banks due today with insurance. We might end up just saying, no, Maboutu, we're not going to give you another bailout. It may make market sense from a global perspective for all the nations to throw in a little bit every year,. But I think what will happen is it's going to be much more like conservative, prudent. Instead of the World Bank literally trying to spend as much as it can in these poor countries to get them to borrow as much
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