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BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)
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CNN's John Sutter says the IMF and World Bank are too detached from people on the ground. They're just giving out money to poor countries, even though they know it will hurt them in the long run, he argues. The U.S. still gets 16% of the vote at the bank which is enough to veto any big changes that come up for a vote. This could be solved by creating an open market economy with more competition between rich and poor Countries would have greater bargaining power over reforms.
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