This IMF world bank criticism comes from Richard Werner, a German banking and development economist. He criticises the IMF (International Monetary Fund) and world bank, stating that they are "essentially a continuation of the colonial relationships on an economic front."
Werner's view of the IMF is it is basically a form of neocolonialism.
When Ross Ashcroft asks "Who are they serving?" Werner responds "You just need to look at the result, The result has been that developing countries have consistently been suppressed in their economic development and their resources have been extracted very efficiently and very cheaply for the benefit of the industrialized countries."
This is a video clip from Ross Ashcroft's Renegade production on April 19,2022 called "Richard Werner: QE Infinity".
Richard Werner is a German banking and development economist who is a university professor at De Montfort University.
He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit" In 1995, he proposed a new monetary policy to swiftly deal with banking crises, which he called 'Quantitative Easing', published in the Nikkei.
This channel is not monetized and due to its instructional nature this video is considered fair use.
YouTube Video Source
• Richard Werner: QE Infinity
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Internet Pages
• Richard Werner
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• International Monetary Fund (IMF)
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• Source Channel
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