The IMF and World Bank: Partners in Backwardness — on Guns & Butter

Michael Hudson discusses his seminal work of 1972, Super Imperialism: The Economic Strategy of American Empire, a critique of how the US exploits foreign economies through IMF and World bank debt; difference between the IMF and World Bank; World Bank dysfunctional from the outset; loans made in foreign currency only; policy to provide loans for countries to devote their land to export plantation crops; US food and monetary imperialism; U.S. agricultural protectionism built into the postwar global system; promotion of dependency on the US as food supplier; food blackmail; perpetration of world poverty preferred; no encouragement of land reform; privatization of the public domain; America aided, not foreign economies; exploitation of mineral deposits; bribery; foreign nations politically controlled at the top; veto power for US only.

Produced, edited and mixed by Bonnie Faulkner, Yarrow Mahko and Tony Rango.

This entry was posted on Sunday, June 23rd, 2019 at 10:23 am and is filed under Disaster Capitalism, Econo, Globalism, Guns & Butter, Neoliberalism, News. You can follow any responses to this entry through the RSS 2.0 feed.