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Argentina: Vultures Come Home to Roost
(prospect.org)
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this post was submitted on 17 Aug 2023
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Felt like people aren’t talking about the IMF forcing austerity on Argentina
If people (Americans) actually understood how capitalism and wealth extraction worked, they’d be discommoded.
Outstanding diction, good sir.
The girls never complain ;) /s
People talk about it endlessly. And the rest of the time they talk about the IMF being too lenient (see Javier Milei). At the end of the day, Argentina’s problems are of its own making.
IMF didn't force anything. Argentina needed money and money comes with strings attached in terms of economic reforms.
The thing is, for example, IMF recommend not to pursue the construction of gasoduct that will allow Argentina to sell LNG wich would provide dollars needed to pay such debt. How can that be?