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6min chapter
How the IMF and World Bank Repress the Poor with Alex Gladstein (WiM263)
The "What is Money?" Show
Is the IMF Fund a Weaponizing of the Financial System?
The author says IMF programs discourage local consumption in order to free resources for export. He cites work of scholar Cheryl Pear, who wrote landmark books and papers on the influence of the bank and fund during the 1970s, 80s and 90s. "This is a weaponizing of the financial system, right? And its market forces be damned," he writes.
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