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Originally Posted by Malibook
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What politician can say "no" when offered a bag of money?
Actually, I would like to see a few countries say "no". But, right now, the only countries that even have a chance of getting away with it are the economically or strategically significant borderline wealthy countries like Mexico and Turkey.
The IMF is the extension of a system of economic exploitation that takes advantage of the corrupt politics of poor countries and has existed for at least 150 years.
http://www.dr1.com/forums/showpost.p...43&postcount=1. In fact, the IMF promotes continued corruption by constantly giving the crooks new money which they can use to buy reelection in countries where the electorate is generally ignorant.
The IMF is NOT, as you once wrote, designed to bail out failing countries. Rather, it is an insurance policy for the lending instutitions of the wealthy countries that they will get repaid regardless of how irresponsible their lending and how corrupt the governments to which they lend. Using the importance of the intertwined economic systems that you mention, the IMF, representing the wealthy countries, comes in with the "big stick" threatening to evict the poor indebted country unless it enacts "austerity" programs of high taxes and fees, devaluations and reduced lifeline services resulting in, essentially, the poor and middle class having to repay the debt originally stolen by the political class.
As you mentioned, the world economic system is extremely intertwined and to say "no" to the IMF likely political, if not actual, suicide.
I have never spited Leonel in this regard. The only change to the ruling system of financial exploitation would have to be revolutionary change, and the DR could NOT do it alone.
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IMF freind or foe?
Just say no
