Comment on Twitter loses World Bank ads over pro-Nazi content placement
sugartits@lemmy.world 3 weeks agoTrust us, we are printing all this money for your own good. Your. Own. Good.
Something like that I assume.
Comment on Twitter loses World Bank ads over pro-Nazi content placement
sugartits@lemmy.world 3 weeks agoTrust us, we are printing all this money for your own good. Your. Own. Good.
Something like that I assume.
skibidi@lemmy.world 3 weeks ago
The world bank isn’t involved so much in printing money - that’s central banks like the US Federal Reserve or European Central Bank.
They do love to force developing nations to adopt US-style capitalism by withholding loans for needed development projects. They also focus far too much on increasing GDP at all costs and do not give really any weight to increasing living standards or reducing inequality. Basically, think loans to institute Reaganomics and you won’t be too far off.
The loans pay for large capital projects (power plants, large-scale irrigation, etc) that are built by the state and then mandated to he handed over to private entities that then charge rents and extract wealth. Not every loan and program is bad, but there’s plenty to give pause when they are involved in a project.
lol_idk@lemmy.ml 3 weeks ago
lol who would downvote this?
The - I’m pro World Bank and I’m on Lemmy guy?
Angry_Autist@lemmy.world 3 weeks ago
Is it so hard to believe some people worship power and wealth beyond ethics and social cohesion?
GiveMemes@jlai.lu 3 weeks ago
This is also the way of the UN oftentimes. Trump’s PPP plan came right from the UN playbook with a few tweaks so that even more of his pals could get money.