news
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today/ . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
view the rest of the comments
That’s basically the IMF’s whole bid too, the west created a whole global institution to create loans that can never lose, their goal is debt trap.
Which is ironic considering the capitalists rhetoric around loans and interest is that riskier loans have higher interest because of the chance of default. Then they go and ensure that no loan is risky if it’s enough money owed to the right people.
Michael Hudson has written about this, that the international loan system exists so that the imperial core can put the screws on the “developing” world whenever it makes political economy decisions that threaten international capital’s bottom line.
Yup! I read Super-Imperialism and then shortly after read Debt: The First 5,000 years, and I think they compliment each other really well in being able to conceptualize how debt is wielded as a weapon.
Debt actually opens up with the example of how “incredulous” of an idea it is that a country would default on their IMF loan and then shreds it apart.