The IMF’s Bottomless Bottom-Line Cruelty

How the IMF & the World Bank—in the name of progress—succeed in keeping poor countries poor.
Everyone knows there are many extremely poor countries in the world, but people rarely talk about why. These nations are sometimes collectively called the Third World (being neither the Western First World or the Soviet-aligned Second World); the more recent euphemism is usually the “developing world.” Whatever the name, these states are imagined by most Westerners to be scary, struggling places, and they tend to take the blame for global woes like terrorism and unsanctioned migration. Some of our greatest billionaires polish their public personas by donating to charities that supposedly aid the people trapped in grinding poverty across parts of Africa, southern Asia, and Latin America.