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The IMF has always pushed vulnerable countries to open markets, liberalize exchange rates, privatize state companies, and slash vital public spending. These measures (according to the IMF’s own research) only worsen poverty and inequality, but are good at protecting private investors who have money on the line and need to be paid back.
✏️ The predatory behavior of the IMF. Giving out loans to those in need, with strings attached to convert them into neoliberal, capitalist grounds that increase poverty and inequality towards the primary goal of protecting the private investors who need to be paid back.
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It’s capitalist drug dealing with a backend of pimp/sex worker dynamics?
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