cross-posted from: https://lemmygrad.ml/post/4415605

I noticed that several socialist countries took out loans from the IMF (Yugoslavia, Poland, Romania) even though there was an understanding that the IMF is a predatory organisation. I assume it is connected to the wave of liberalisation in the 1980s, but would be interested in a more concrete breakdown of the logic and context behind it, or articles/links on the topic.

  • marxisthayaca [he/him,they/them]
    ·
    2 months ago

    socialist countries took out loans from the IMF (Yugoslavia, Poland, Romania) even though there was an understanding that the IMF is a predatory organisation.

    Was there?

    • starkillerfish (she)@lemmygrad.ml
      ·
      2 months ago

      Yes. I would say that in the 1980s there was already an understanding formed about the IMF's role in neo-colonial exploitation and also just considering the fact that the US is its most powerful member.