3min chapter

Citations Needed cover image

Episode 186: Nativism in Media (Part III) - IMF, NAFTA and Global Inequality By Design

Citations Needed

CHAPTER

The Rise and Fall of S.A.P.'s

So-called structural adjustment programs or S.A.P.'s are loans provided by the World Bank and IMF to developing countries on the conditions that they open themselves up to privatization, liberalize their trade and investment policies and slash social spending among other austerity measures. The savings gleaned from spending cuts and the proceeds of privatization would then be funneled back to Wall Street to repay debts. In other words, public assets and social spending retroactively became collateral in the repayment of foreign loans.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode