Hidden Repression by Alex Gladstein
Foreword by Jeff Booth
"The IMF and World Bank were created to help countries survive financial crises and to help them develop into prosperous economic actors. But their 75-year track record shows the opposite: their loans and structural adjustment policies have plunged poor countries into impossibly large debt traps and forced the Third World to focus on producing goods for consumption in the West, instead of growing consumption and industry at home".
I watched a couple of interviews with Alex Gladstein. Some of the statistics are quite revealing, for example about a third of debt in the global south is denominated in CNY, not USD 👀
reply