Why are the International Monetary Fund and World Bank relevant?
The IMF is widely considered to be a failure by economic analysts. The predatory loaning policies of the IMF, created to allegedly stabilize the global economy, have by some estimates led to economic collapse in nearly 100 countries, most recently Iceland. Despite increasing criticism and attempts at oversight, the members of the IMF continue to meet behind closed doors, making decisions that affect large parts of the world with no public input. The World Bank is currently preparing a new system for farming resources and wealth out of the rest of the world, the so-called Reducing Emissions from Deforestation and Degradation (REDD) initiative. In short, REDD involves giving many countries “credits” for “preserving” their forests, which can then be traded for capital and resources. This plan is on the verge of implementation and has already been criticized from all directions for having the same fundamental problems as previous iterations of such plans: ignoring the input and needs of in
