Most people are led to believe that the IMF and World Bank are charitable or at least altruistic organizations, meant to rescue governments in financial crises and to pay for development projects in the Global South that private capital doesn't want to fund. But the reality is that they bail out dictators, squeeze the living standards of poor people, and orchestrate a neocolonial drain of resources from developing countries to rich countries that has grown every year since 1982. Your way of life in the West is subsidized by poor workers in the Global South: something visiting aliens would immediately be able to see, but a reality most of us are blind to throughout our entire lives.
Alex is chief strategy officer at the Human Rights Foundation and author of Check Your Financial Privilege.
You can follow him on Twitter at @gladstein.
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