Pillaging the World
The History and Politics of the IMF
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Depriving entire generations of their hopes for a better future, the International Monetary Fund (IMF) has risen to become the world s most powerful international financial organization. Blackmailing countries and pillaging whole continents for almost seven decades now, its history resembles a modern-day crusade against the working people on five continents. In his highly compelling account, journalist Ernst Wolff specifies the dramatic consequences of the IMF s practice of loan sharking and implementing neoliberal austerity measures. While exacerbating poverty, increasing hunger, furthering t...
Depriving entire generations of their hopes for a better future, the International Monetary Fund (IMF) has risen to become the world s most powerful international financial organization. Blackmailing countries and pillaging whole continents for almost seven decades now, its history resembles a modern-day crusade against the working people on five continents. In his highly compelling account, journalist Ernst Wolff specifies the dramatic consequences of the IMF s practice of loan sharking and implementing neoliberal austerity measures. While exacerbating poverty, increasing hunger, furthering the spread of diseases and fuelling armed conflicts on the one hand, the Fund s policies have on the other hand helped a tiny group of ultra-rich profiteers increase their vast fortunes to immeasurable dimensions allegedly in the name of ensuring the stability of the global financial system.
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