Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.
If you’ve ever read Confessions of an Economic Hitman, it’s quite clear that the World Bank itself should be held culpable for that climate loss.
I’ll attempt to explain it in blurb form: They (private US corporations) would go into countries and approach their leader about “updating their country’s infrastructure” using US companies like Texaco. If the leader refused, our CIA would assasinate or coup them. If the leader agreed, their country would take out MASSIVE loans from the world bank that would be impossible for that country to ever pay back, effectively giving the western world complete financial control over this country (a puppet government). The author of book specifically talks about doing this in Panama and Indonesia and the misgivings he began to feel, working to create these debts and violently crushing the populist leaders that got in their way.
They changed the voting structure of the World Bank in 2010 to give poorer countries more votes and that has somewhat improved things. It is still a very US centric institution thou. Hence developing countries not wanting that.
The US is just opposed to pay any sort of reparations.
If you’ve ever read Confessions of an Economic Hitman, it’s quite clear that the World Bank itself should be held culpable for that climate loss.
I’ll attempt to explain it in blurb form: They (private US corporations) would go into countries and approach their leader about “updating their country’s infrastructure” using US companies like Texaco. If the leader refused, our CIA would assasinate or coup them. If the leader agreed, their country would take out MASSIVE loans from the world bank that would be impossible for that country to ever pay back, effectively giving the western world complete financial control over this country (a puppet government). The author of book specifically talks about doing this in Panama and Indonesia and the misgivings he began to feel, working to create these debts and violently crushing the populist leaders that got in their way.
They changed the voting structure of the World Bank in 2010 to give poorer countries more votes and that has somewhat improved things. It is still a very US centric institution thou. Hence developing countries not wanting that.
The US is just opposed to pay any sort of reparations.