the companies are all multinationals too

who charge massive premiums

And then the price is increased like tenfold

so its not like they even prop up local businessmen

With no control over the actual expenditures

theyre propping up american millionaires

You don't really like America uh ?

At least in the economic aspects

since WWII, i think theyve been a massive negative for the world geopolitically and economically

but in terms of consumer technology

god bless them

like the CIA have overthrown 14 highly popular presidents

and replaced them with authoritarian corrupt puppet regimes

theyll support any regime that is pro american business (which typically is at the expense of local workers)

and they promulgate the american foreign debt regime (IMF, world bank, exim bank, WTO) which ensures policies are implemented that retard the development of these nations

High interests?

yea they get the full neoliberal/friedman package

high interest rates

debt burdens which cant be paid

worker rights get stripped

taxes on multinationals are dropped

and free trade

But still underdeveloped countries need these

It's better than nothing

need what part of this?

they dont need this at all

The loans

these *retard* their growth

they dont need the loans haha

For instance

thats a funny part of modern geopolitics actually

To pay debts they cannot I'm the short term

In*

if a country says "we dont need the loan", the americans fund "activist groups" and back other regimes to perform coups or win unfair elections

so that they do endup taking the loan

yea but dude

they dont have to pay the debts

they can just default

if debts were risk free, they shouldnt even have an interest rate higher than inflation

if they default, they have no more debt!

but the new problem becomes