one of Chomsky's better takes is that virtually every debt held by countries like Bolivia (owed to the IMF) should be nullified under our own doctrine of odious debt, which states that debt is illegitimate if it's incurred via threat of violence or under extreme duress
seems like a totally cool and good thing to have on the books until you realize we only invented it to get out of paying Cuban debt to Spain when we "liberated" Cuba lmao, apparently the rest of the world is shit outta luck!
one of Chomsky's better takes is that virtually every debt held by countries like Bolivia (owed to the IMF) should be nullified under our own doctrine of odious debt, which states that debt is illegitimate if it's incurred via threat of violence or under extreme duress
seems like a totally cool and good thing to have on the books until you realize we only invented it to get out of paying Cuban debt to Spain when we "liberated" Cuba lmao, apparently the rest of the world is shit outta luck!