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The Debt Boomerang
(Susan George)

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Countless livelihoods and lives have been devastated by so-called ‘structural adjustments’ imposed by the International Monetary Fund and World Bank in a misguided attempt to deal with the problem of debt in the Third World. But debtor nations in the Third World are not the only victims of the present crisis.

Veritas Books: The Debt Boomerang Susan George

Description

In an unsettling but lucid critique, Susan George shows that we in the North, must also pay the price of World Bank and IMF policies, that have accelerated deforestation, encouraged mass migrations, fuelled an expanding drug trade and heightened global instability and conflict. Our taxes underwrite the irresponsible and short-sighted loan policies of the banks, and sustain downward spiral of global indebtedness.

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