SLP446 Alex Gladstein The Scourge of “Structural Adjustment”
Stephan Livera Podcast
00:00
The Debt Trap
The IMF and World Bank are drug dealers, debt is the drug. And these dictators and unaccountable rulers in the developing world are addicts. So they would just get another loan. This was not done in a free market sense. It was a pure political decision. The human toll here is that again, you had countries that do the structural adjustment and do it just borrowing and borrowing and borrowing over decades.
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