We advocate for the forgiveness of all IMF loans, as they are primarily a way of exacting concessions against governments of underdeveloped countries, privatizing their industry for the profits of multinational companies and cementing theor economies as subordinate.
One example is Haiti, where upon their independence France extorted them for tens of multiples of their GDP, purportedly for the “cost” incurred, and were in debt for 2 centuries.
We aren’t too concerned with Britain and France getting repaid on any international debts when they’re so far ahead, at other countries’ expense, to begin with.
You’d be shocked to hear what this site’s position is on most state loans in general, especially ones originating from Western countries.
I’m not sure that any positions taken by this site are likely to shock me at this point 😅
But sure, try me.
We advocate for the forgiveness of all IMF loans, as they are primarily a way of exacting concessions against governments of underdeveloped countries, privatizing their industry for the profits of multinational companies and cementing theor economies as subordinate.
One example is Haiti, where upon their independence France extorted them for tens of multiples of their GDP, purportedly for the “cost” incurred, and were in debt for 2 centuries.
Rather than providing net aid, the quantity of money going from the Global South to the Global North, yearly, is over 10% of the GDP of Global South countries.
We aren’t too concerned with Britain and France getting repaid on any international debts when they’re so far ahead, at other countries’ expense, to begin with.