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It's hard imagining more twisted thinking. Times editors endorse doubling the fund's capital. Doing so assures twice as much damage. IMF policies reflect financial terrorism. Abolish the fund now and end it.
It's hugely exploitive. It's the loan shark of last resort. It makes neighborhood ones look saintly by comparison. It doesn't solve problems. It exacerbates existing ones. It creates new ones. It debt entraps nations. Bondage suffocates them.
Public wealth shifts to private hands. Western bankers and other corporate favorites profit hugely. Ordinary people suffer.
Indebted nations are obligated to take new loans. They're needed them to service old ones. Doing so increases indebtedness. Structural adjustment harshness follows. It's force-fed. Debtor nations have no choice. IMF diktats demand:
- privatizing state enterprises;
- selling them at a fraction of their real worth;
- mass layoffs;
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