"The IMF on trial" - Democratic Underground

Xicano

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Sat Aug-13-11 02:58 PM
Original message

"The IMF on trial"

AlJazeera English show Empire discussing the impact of the IMF on several countries around the world. Good show.

http://www.youtube.com/watch?v=3hBYAcPPYQM

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HysteryDiagnosis

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Sat Aug-13-11 03:06 PM
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1. One review/comment nails it as far as I am concerned.....

The IMF lend money. The IMF are a business i.e their goal is to maximize profits. If you lend a country money at interest it is more profitable that they take a long time to pay back and thus incur more interest. A good way to do this would to be impose policies which prevent the countries economy so that they are not able to clear the debt.

Any hope that the IMF will aim to help a country is contrary to both logic, the evidence and History.

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