A new book on neo-colonialism just came out, analysing 6.100 IMF loans from these last 40 years. They're doing the opposite of what IMF co-funder J.M.Keynes advocated.

Here's the thread.

Oxfam reminds us that the IMF is mostly about austerity measures.

It also contains these two maps, note how there's never any conditions for rich countries, i didn't know that the IMF was solely for nonwestern countries(, yet controlled&financed by the west) :


The second map aims to show that « half of developing country govts will be spending less in 2024 than in the 2010s.», (and adds that « Austerity measures are a key feature of the post-pandemic world »).
« But this image neglects that for many developing countries austerity has been 𝘤𝘰𝘯𝘴𝘵𝘢𝘯𝘵 over the past few decades. »

Here's a list of countries by their percentage of social welfare spending. Cause or consequence ?

I'm not saying that the solution is simple or obvious though, but the contrast with keynesian economics is striking, and i mostly wanted to share the graph in the thumbnail of this post.