28 books
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2 voters
Neoliberalism
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No one’s standard of living will change, nothing would fundamentally change.
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Under the rules of the Western-run international economy, investors make loans to third world tyrannies, and since the loans carry considerable risk, make high profits. Suppose the borrower defaults. In a capitalist economy, the lenders would incur the loss. But existing capitalism really functions quite differently. If the borrowers cannot pay the debts, then the IMF steps in to guarantee that lenders and investors are protected. The debt is transferred to the poor population of the debtor coun
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― Hopes and Prospects
― Hopes and Prospects
This is a group to share literature on environmental health and justice.
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