It's unproductive to talk about the hundreds of billions of dollars of slavery work that companies do until we have an answer for the trillions of dollars of toxic debt created by these huge organizations.
It's unproductive to talk about the hundreds of billions of dollars of slavery work that companies do until we have an answer for the trillions of dollars of toxic debt created by these huge organizations.
I live in a similar country (Nigeria)…We Africans are the source of our own problems because we choose not to utilize our resources well and plunder the few we extract, not some boogeyman IMF that also gave loans to some countries that are prosperous today.
In return he increases income taxes, devalues the money and sets up the country for exporting luxury goods that are needed for 1st world countries (but local people would have no chance of buying) why destroying their own agriculture, so that they have to import inferior mass manufactured products from rich countries. On the long term the countries have to give back 10-20 times the original loan that is gone in a few years.
Does any of this sound familiar to you?
What are the other countries?
I know China is doling out these loans apart of their belt road initiative but I'm not up to speed on other countries hamstringing countries with unneeded infrastructure and billions in loans.
Alex Gladstein is writing a new book about this huge problem, as the latest good books about it he found were in the 70s.