Pillaging the World

The History and Politics of the IMF

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions
Cover of the book Pillaging the World by Ernst Wolff, Tectum Wissenschaftsverlag
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Author: Ernst Wolff ISBN: 9783828861350
Publisher: Tectum Wissenschaftsverlag Publication: November 19, 2014
Imprint: Language: English
Author: Ernst Wolff
ISBN: 9783828861350
Publisher: Tectum Wissenschaftsverlag
Publication: November 19, 2014
Imprint:
Language: English

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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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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