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Re:China is the manufacturing superpower by ted_bunny on Saturday January 04, 2025 @05:58AM (#42593970)
It's been argued that if you observe actions and not words, default has always been the point of IMF loans. Have you read Confessions of an Economic Hitman?
Re:China is the manufacturing superpower by manishader on Saturday January 04, 2025 @06:47AM (#42594161)
If you can't tell Confessions of an Economic Hitman is a work of fiction I don't know what to tell you.
Re:China is the manufacturing superpower by PittleyDunkin on Saturday January 04, 2025 @09:28AM (#42594834)
You don't need to read the book to see the role the world bank plays in preserving worldwide power structures. The entire world can talk to each other outside the american media sphere, you know!
Re:China is the manufacturing superpower by whimsicalism on Saturday January 04, 2025 @11:59AM (#42595911)
I think that generally if you read the internal documents, most of the people behind IMF and other global development loans are operating in good faith and not simply puppets of the political agenda of the west. I think they showed clear overconfidence in their policy prescriptions, but not out of malice
Re:China is the manufacturing superpower by bobthepanda on Saturday January 04, 2025 @01:09PM (#42596500)
The IMF is by definition the lender of last resort, when banks and investors find a country so fiscally irresponsible that they cannot access reasonable funding. It is not exactly surprising that those kinds of basket case economies also fail when given IMF loans given that people predicted they were going to do that and stopped lending.