this post was submitted on 23 Sep 2023
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GenZedong

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No mention of why Romania was in such a bad state. Turns out it was the same playbook as today with the Global South. Romania gets IMF loans mid 70s. And just like John Perkins discusses in his book 'confessions of an Economic Hitman', the IMF made the terms of the loan contingent on austerity. Then due to global macroeconomic conditions and interest rate hikes, Romania can't repay the debts and starts to implode. This of course by design as per IMF/World bank strategy.

The people rise up against AUSTERITY but libs scream about 'communist dictatorship'.

Zero historical context. Just 'Communism bad, mmmkay?'. Like the Ukraine proxy war, nothing happened before Russia invaded. No it was 'totally unprovoked'.

Here's the background of this lemmy.world propaganda:

https://en.m.wikipedia.org/wiki/Romania_and_the_International_Monetary_Fund

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[–] UlyssesT@hexbear.net 24 points 1 year ago

It was the neoliberal version of Chamberlain's "peace in our time" for sheer fucking hubris.