Sunday, March 24, 2019

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Structural Adjustment

Econopolitical ideological device originally developed by IMF/World Bank for use in bankrupt Third World Countries. The device diverts national and personal incomes and productivity to pay off debts incurred by corrupt government officials as foreign aid. Was supposedly meant to finance loony Western-style industrial megaprojects, but was actually spent on arming militias and luxury autos and villas for borrowing officials families and political allies. Invariable result of Structural Adjustment is elevated prices for essentials, collapse of social services, and increased income gaps. Now being applied to industrialized countries, including Canada.

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