Oddbean new post about login | logout Guess @gladstein's case against the international institutions was... wrong? overblown? outdated? - don't have the financial power/clout they used to - countries take the money but don't do what they prescribe - in consequence, their prescriptions have gotten meeker source: https://www.economist.com/finance-and-economics/2024/09/19/the-worlds-poorest-countries-have-experienced-a-brutal-decade&ved=2ahUKEwiFlLX9qpWJAxWNTkEAHfgqHZUQFnoECBMQAQ&usg=AOvVaw0SC4tObhpd5hAznI1_Oys9 https://m.primal.net/LYeW.jpg
This isn’t at all the case The reality is that the debt trap has never been deeper The IMF and its loan book have never been larger The austerity imposed on people today from Egypt to Kenya to Pakistan hasn’t caused this much suffering since the third world debt crisis in the 80s I wish it were not so
