4min chapter

Macro N Cheese cover image

The New Cold War with Ben Norton

Macro N Cheese

CHAPTER

Is the IMF an Arm of US Imperial Power?

The IMF is an arm of US imperial power. It's a tool of economic power used by the US to trap these countries in debt. The difference now is that there are other opportunities for countries, especially the global south, outside of the IMF and the World Bank. Putin showed it's really the real resources. We've got the oil. I don't think it's necessarily a good economic model to emulate. But we should understand that the Russian economic model is not the same as the IMF neoliberal economic model.

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