> Stop being arrogant and thinking that we "know better" than the people who actually live in the area.
I believe this is the problem - the locals that have ran their country into the ground have proven that they do not how to manage their own country. This is why the market, which expects to be paid back, will no longer fund their mismanagement.
You have an extremely warped view of foreign countries that are forced to take loans from the IMF - these countries have economies that are collapsing.
> the locals that have ran their country into the ground have proven that they do not how to manage their own country
The locals did not yet have much of a chance to actually run their own country, without facing coups, sanctions etc. from former colonial masters the moment they actually try to act sovereign. Having some dictator approved by France/U.S. running things is not my definition of locals running things.
> You have an extremely warped view of foreign countries
Take this advice yourself. The U.S. supports 75% of the world's dictatorships. If you believe that being exploited for centuries and then being forced down various neoliberal/'free market' policies down their throats by their former colonial masters after supposedly gaining independence, while the west props up some absolutely corrupt fu*k just so they can continue exploiting, then sending clothes in to feel better, without actually developing the local economy, if you think these things are not going on you're seriously delusional.
Read up on the history of Haiti. Then come back and we may have a real discussion.
I believe this is the problem - the locals that have ran their country into the ground have proven that they do not how to manage their own country. This is why the market, which expects to be paid back, will no longer fund their mismanagement.
You have an extremely warped view of foreign countries that are forced to take loans from the IMF - these countries have economies that are collapsing.