BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podcast)
May 10, 2023
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Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation and author of "Hidden Repression," dives into the complex interplay between the IMF, World Bank, and global economic disparities. He uncovers how these institutions often entrap nations in cycles of repression through debt. Gladstein also discusses Bitcoin's transformative potential, especially in the global South, highlighting its role as a refuge from traditional financial systems. With captivating stories and insights, he offers a compelling case for reevaluating current economic practices in favor of empowerment.
Alex Gladstein previously discussed his groundbreaking article on the IMF and the World Bank. On today's episode, he is back with even more as he’s turned all of his research into a full-blown book on the topic.
Preston and Alex cover new and additional ideas, which are vital information for understanding the impact of the legacy financial system and the abundant hope that Bitcoin brings to so many regions around the world.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:17 - Why Alex wrote the book.
04:50 - How the IMF and World Bank actually put many countries into repression.
09:30 - Do the leaders of structurally adjusted nations know that it's a malicious force?
24:39 - How do the leaders think about the loans that just keep expanding?
26:48 - What's happening with the Chinese currency in many global south communities?
33:46 - What's one of the most striking finds of writing the book?
36:46 - Interesting stories about Bitcoin during his research.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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