How the IMF Debt Trapped Kenya Causing Nationwide Protests

The Homeless Romantic Podcast
5 Jul 202420:45

Summary

TLDRThe video script discusses the ongoing protests in Kenya, triggered by IMF and Western banks' policies that have led to debt traps and austerity measures. It delves into how these policies disproportionately affect the poor, fueling discontent and unrest. The script also explores the historical impact of IMF interventions in countries like Argentina, Ukraine, and Greece, highlighting the detrimental effects on their economies and societies.

Takeaways

  • 🇰đŸ‡Ș Protests in Kenya are driven by new reforms and austerity measures, which are a response to the country's debt crisis exacerbated by the IMF's policies.
  • đŸ’Œ The IMF's involvement with developing nations often results in debt traps, forcing countries into privatization, deregulation, and austerity to repay loans.
  • 📈 Kenya's external debt has seen a significant increase from 10.2 billion to 34 billion between 2013 and 2020, raising questions about the sustainability of its financial obligations.
  • 💔 Austerity measures, including cuts to subsidies and increases in taxes on essential goods, disproportionately affect the poorest and most vulnerable, leading to discontent and protests.
  • đŸ„ The IMF's insistence on fiscal consolidation has led to significant cuts in crucial sectors like health and education in Kenya.
  • 🌍 The script points out that the IMF's practices are not exclusive to Kenya but have been seen in countries like Argentina, Ukraine, and historically in Greece.
  • đŸ•Šïž The speaker suggests that China's involvement in African nations is more mutually beneficial compared to Western practices, contrary to mainstream narratives.
  • đŸ”« There is a call for leftists to embrace technology and self-defense, including firearms, in the context of rising against oppressive forces.
  • 🚹 The script criticizes the private prison industry and the militarization of local police, suggesting a connection between conservative ideals and lower cognitive abilities.
  • đŸŽó §ó ąó „ó źó §ó ż The speaker highlights the positive aspects of certain leaders like Thomas Sankara and Muammar Gaddafi, who were killed for their attempts at improving their countries.
  • đŸ€” The script encourages critical thinking about mainstream narratives, especially regarding international financial institutions and their impact on global politics.

Q & A

  • What is the main issue that the protests in Kenya are addressing?

    -The protests in Kenya are addressing the austerity measures and economic reforms imposed by the IMF and Western banks, which have led to widespread public unrest and financial struggles.

  • How does the IMF typically engage with developing nations?

    -The IMF often lends money to developing nations. When these nations struggle to repay the debt, the IMF may enforce policies such as privatization, deregulation, and austerity measures, which can lead to social spending cuts.

  • What has been the impact of IMF policies on Kenya's external debt?

    -Kenya's external debt has increased dramatically from 10.2 billion to 34 billion between 2013 and 2020, raising concerns about the sustainability of the country's financial obligations.

  • What are some of the austerity measures implemented by the Kenyan government under IMF pressure?

    -The austerity measures include cutting subsidies and increasing taxes on essential goods and services such as gasoline, wheelchair tires, bread, and sanitary pads, affecting the poorest and most vulnerable segments of society.

  • How have the IMF's policies affected education and health sectors in Kenya?

    -The IMF's insistence on fiscal consolidation has led to significant cuts in crucial sectors like health and education, increasing tuition costs in public universities and reducing access to essential services.

  • What is the historical context of Argentina's relationship with the IMF?

    -Argentina has had a tumultuous relationship with the IMF for decades, marked by a record $57 billion loan in 2018 which failed to stabilize the economy and led to widespread protests and political change.

  • What are the implications of the IMF's involvement in Ukraine?

    -The IMF's involvement in Ukraine has led to significant cuts in social programs, privatization of state assets, and dismantling of labor protections, contributing to economic hardship and political instability.

  • How does the script describe the role of Western powers in African nations post-colonialism?

    -The script suggests that Western powers, through the IMF and World Bank, have continued to exert control over African nations by saddling them with debt, effectively extending colonialism through economic means.

  • What is the script's perspective on the narrative that China is engaging in 'debt-trap diplomacy'?

    -The script challenges this narrative, arguing that it is a projection of Western practices and that African nations would not enter into deals with China unless they were more beneficial than those with the US or Europe.

  • What alternative view does the script propose regarding gun ownership for leftists?

    -The script suggests that leftists should consider embracing technology and firearms as a means of self-defense and potentially as a counterbalance to right-wing gun ownership, in a context where the right has a monopoly on violence.

  • How does the script relate the situation in Greece and Egypt to IMF interventions?

    -The script describes the IMF's interventions in Greece and Egypt as leading to social unrest, economic contraction, and a decline in living standards due to harsh austerity measures and economic reforms.

Outlines

00:00

🌐 IMF's Role in Kenya's Debt Crisis and Protests

The script discusses ongoing protests in Kenya, triggered by new reforms and austerity measures imposed by the International Monetary Fund (IMF). The IMF is criticized for debt-trapping countries like Kenya, forcing them into privatization, deregulation, and austerity. The speaker details how the IMF's involvement has led to Kenya's external debt skyrocketing from $10.2 billion to $34 billion between 2013 and 2020. The IMF's loan conditions have forced the Kenyan government to implement unpopular measures such as cutting subsidies and increasing taxes on essential goods, leading to social unrest. The speaker also highlights the broader impact of IMF policies on education, healthcare, and the general welfare of Kenyan citizens, emphasizing the predatory nature of these policies.

05:02

📊 Debunking China's Debt Trap Diplomacy Myth

This paragraph addresses the narrative that China is engaging in 'debt trap diplomacy' in Africa, arguing that this is a misrepresentation and projection of Western practices. The speaker suggests that China's involvement in African nations is mutually beneficial, contrasting this with the historical exploitation by Western powers. The discussion includes the role of financial press in providing a more accurate picture of global economic dynamics, as opposed to mainstream media narratives. The speaker also challenges the portrayal of the Wagner group as a fascist paramilitary organization, highlighting their beneficial actions in certain African contexts. The paragraph emphasizes the need for a critical examination of Western narratives and the importance of understanding the complex dynamics of international relations and economic interventions.

10:04

💔 The IMF's Impact on Argentina and Ukraine

The speaker discusses the detrimental effects of IMF interventions in Argentina and Ukraine. In Argentina, the 2018 loan from the IMF, the largest in its history, failed to stabilize the economy and instead deepened the country's debt crisis, leading to widespread protests and political upheaval. The IMF's austerity measures, including cuts to public spending and subsidies, fueled public anger and economic hardship. Similarly, in Ukraine, the IMF's structural adjustment policies led to significant cuts in social programs, privatization of state assets, and dismantling of labor protections, contributing to economic hardship and social instability. The speaker criticizes the IMF for prioritizing the interests of international creditors over the welfare of citizens in these countries.

15:06

đŸ”« The Importance of Gun Ownership for Progressives

This paragraph explores the idea of gun ownership from a progressive perspective, arguing that leftists should embrace technology and weaponry as a means of self-defense and resistance against oppressive forces. The speaker criticizes the monopoly of violence held by certain groups and suggests that progressives should be prepared to defend themselves and their communities. The discussion touches on the role of guns in potential uprisings against tyranny, including local police, and the need for a balance of power. The speaker also contrasts the situation in countries like China, where the military is under communist control, with the United States, where gun ownership is predominantly associated with right-wing ideologies.

20:10

đŸ›ïž IMF's Role in Greece and Egypt's Economic Struggles

The final paragraph delves into the IMF's role in the economic struggles of Greece and Egypt. In Greece, the IMF's bailout program and harsh austerity measures led to severe economic contraction, skyrocketing unemployment, and a dramatic decline in living standards. The speaker mentions the potential for future discussions with experts on the subject, highlighting the need for a deeper understanding of the IMF's impact. In Egypt, IMF-backed economic reforms since 2016 have resulted in significant hardships for ordinary citizens, with measures like the floating of the Egyptian pound, cuts to subsidies, and the introduction of new taxes leading to soaring inflation and a sharp decline in living standards. The speaker concludes with a general warning about the pitfalls of international development interventions.

Mindmap

Keywords

💡Protests in Kenya

The protests in Kenya are a central theme of the video, illustrating the public's reaction to economic policies and reforms. They are mentioned as a response to austerity measures imposed by the IMF and Western banks, which have led to social unrest and economic hardship. The script discusses how these protests are part of a larger pattern of debt traps set by international financial institutions, affecting the country's sovereignty and economic stability.

💡IMF (International Monetary Fund)

The IMF is a key player in the video's narrative, depicted as an institution that lends money to developing nations and, when repayment is difficult, imposes austerity measures. The script uses the IMF as an example of how international financial bodies can influence the policies and economic direction of countries like Kenya, Ukraine, and Argentina, often leading to negative social and economic consequences.

💡Debt Trap

A debt trap refers to a situation where a country borrows heavily from international lenders and finds itself unable to repay the debt without severe economic sacrifices. In the video, the term is used to describe how countries like Kenya become reliant on IMF loans and are then forced into austerity and privatization measures that can lead to social unrest and economic decline.

💡Austerity Measures

Austerity measures are economic policies that aim to reduce government budget deficits through spending cuts and tax increases. The script highlights how these measures, often imposed by the IMF as conditions for loans, can negatively impact the population by reducing social spending and increasing the cost of essential goods and services, leading to widespread discontent.

💡Privatization

Privatization is the process of transferring ownership of public sector organizations to the private sector. In the context of the video, it is discussed as a consequence of debt traps and austerity, where private corporations can take over public assets and resources, potentially leading to exploitation and a loss of public control over these resources.

💡Resource Extraction

Resource extraction refers to the process of obtaining natural resources from the environment. The video script suggests that when countries are unable to repay their debts, they become vulnerable to foreign corporations that may exploit their resources, which can have long-term negative effects on the country's economy and environment.

💡Colonial Debts

Colonial debts are financial obligations that originated during the colonial era and have been passed down to the post-colonial states. The script uses the term to highlight the historical injustice and ongoing economic challenges faced by African nations, suggesting that these debts contribute to the current economic predicaments and the influence of Western powers.

💡Neoliberalism

Neoliberalism is an economic and political philosophy that advocates for free-market capitalism and a reduction in state intervention. The video criticizes neoliberal policies imposed by the IMF and Western banks, arguing that they exacerbate economic crises and social inequalities in developing countries.

💡Social Unrest

Social unrest refers to disturbances within a society that may result from economic hardship, political conflict, or other factors. The script connects social unrest with the policies of international financial institutions, suggesting that austerity measures and economic reforms can lead to protests and political instability.

💡Fiscal Consolidation

Fiscal consolidation is the process of reducing a government's budget deficit or debt by decreasing spending or increasing revenue. The video discusses how the IMF's insistence on fiscal consolidation has led to significant cuts in crucial sectors like health and education, which has had detrimental effects on the well-being of the population.

💡Imperialism

Imperialism is a policy or practice of extending a nation's power by gaining territories or establishing economic and cultural dominance over other areas. The script uses the term to critique the historical and ongoing influence of Western powers in developing countries, suggesting that economic policies and debt traps are a form of modern imperialism.

Highlights

Protests in Kenya are driven by new reforms and austerity measures imposed by the IMF and Western banks.

The IMF's involvement in Kenya has led to a debt crisis and sparked nationwide protests.

IMF policies in Kenya are exacerbating financial struggles and social tensions.

Kenya's external debt increased dramatically from 10.2 billion to 34 billion between 2013 and 2020.

IMF loans to Kenya have continued despite an unsustainable debt trajectory.

Austerity measures include cutting subsidies and increasing taxes on essential goods and services.

Cuts in social spending have a disproportionate impact on the poorest and most vulnerable.

IMF policies have led to significant cuts in crucial sectors like health and education in Kenya.

The IMF's insistence on fiscal consolidation has resulted in detrimental impacts on Kenyan society.

African leaders resisting IMF and World Bank frameworks have faced assassination or coups.

The IMF's actions are compared to colonialism, with debt used as a tool for continued control.

China is contrasted with Western nations, accused of not engaging in debt-trap diplomacy.

The role of the Wagner group in Africa is presented as beneficial, despite Western narratives.

The transcript discusses the importance of critically supporting anti-imperialist actions, regardless of political ideology.

Examples of IMF debt traps in Argentina and Ukraine are given, showing similar patterns of economic hardship and unrest.

The IMF's involvement in Ukraine has led to social program cuts, privatization, and labor protection dismantling.

The transcript suggests that Western involvement in countries like Iraq and Ukraine is driven by economic interests.

The discussion points to the need for leftists to embrace technology and self-defense in the face of right-wing dominance.

The transcript criticizes the private prison industry and the militarization of local police in the United States.

The IMF's role in Greece and Egypt is highlighted, showing a pattern of economic reforms leading to social unrest.

The discussion concludes with skepticism towards international development interventions, suggesting a critical approach.

Transcripts

play00:00

uh there's protests going on in Kenya

play00:01

right now they're over the toop uh you

play00:04

have a bunch of people the the Western

play00:06

media saying oh J gen Z is in full

play00:08

effect in Kenya they're protesting in

play00:10

the streets they don't like the uh uh

play00:13

new reforms that are coming in and they

play00:15

don't really get into the real meat of

play00:17

the thing so I wrote an article uh and

play00:19

this is how the IMF and Western Banks

play00:23

debt trapped Kenya that is now currently

play00:26

sparking these Nationwide protests so I

play00:28

dug a little deep into what was causing

play00:32

the austerity that they're trying to

play00:33

push on these people and I was

play00:35

completely surprised by the idea that

play00:38

the IMF has done this to so many

play00:41

countries most recently Argentina

play00:44

Ukraine you know Ukraine is about 200

play00:46

billion in debt to the IMF um and now

play00:50

Kenya so what the IMF will do is come in

play00:53

and try to lend money to developing

play00:55

nations um and essentially when they

play00:58

can't pay it back force them into to a

play01:00

uh uh uh into

play01:03

privatization uh deregulation and

play01:06

austerity and they will force a

play01:08

government to do these things and to

play01:10

pass laws to they'll cut Social spending

play01:14

so that they can pay their debt to

play01:16

Western Banks now what happens is this

play01:19

is becomes a trojan horse of corporate

play01:21

power right so if you can't pay your

play01:23

debt then guess who gets to come in

play01:26

halberton uh you know McDonald's mining

play01:29

companies whoever we want will come in

play01:32

and start extracting the resources from

play01:34

this company and this is the trick so it

play01:37

it reads the international monetary

play01:38

funds involvement in Kenya uh has come

play01:41

under intense scrutiny as the country

play01:43

grapples with the mounting debt crisis

play01:45

and widespread public unrest far from

play01:47

bringing a solution to Kenya's economic

play01:49

woes the IMF policies appear to be

play01:51

exacerbating the country's uh Financial

play01:53

struggles and social tensions kenyon's

play01:55

uh external debt has skyrocketed from

play01:58

10.2 billion to 34 billion between 2013

play02:03

and 2020 now this is a staggering

play02:05

increase that raises serious questions

play02:06

about the sustainability of a country's

play02:08

Financial Obligations despite the

play02:10

alarming Trend the IMF has continued to

play02:13

approve loans to Kenya most recently a

play02:15

one billion doll package ostensibly to

play02:17

address the economic challenges of

play02:19

climate change this approach of throwing

play02:22

more money at a debt ridden Nation seems

play02:24

counterintuitive and at best predatory

play02:27

at worst uh the IMF loan conditions have

play02:29

been forced into the Kenyan government

play02:31

to implement a series of deeply

play02:32

unpopular austerity measures these

play02:34

include cutting subsidies and increasing

play02:36

taxes on essential goods and services

play02:38

from gasoline to wheelchair tires bread

play02:41

and even sanitary pads such measures

play02:44

disproportionately affect the poorest

play02:46

and most vulnerable segments of society

play02:48

leading to widespread discontent and

play02:50

protests now the imf's insistence on

play02:52

fiscal consolidation has led to

play02:54

significant Cuts in crucial sectors like

play02:56

health and

play02:57

education uh according to nework

play03:01

yuu uh I don't know if I can pronounce

play03:03

that right I'm sorry my Kenyan brothers

play03:05

and sisters uh the fight inequality in

play03:08

panafrican coordinator uh quote the IMF

play03:11

insisted that the government reduced

play03:13

spending on education we saw public

play03:14

universities the cost of tuition went up

play03:17

by three times it was the direct

play03:19

correlation with the IMF policies the

play03:21

impact has been detrimental okay so the

play03:25

harsh reality also uh another person

play03:28

says we used to get OA maze flow for

play03:31

about 80 uh Kenyan shillings uh but now

play03:36

it's 200 something so the people here

play03:38

are jobless and to get the money just

play03:40

for a packet of flour is very very

play03:43

difficult so people are only eating once

play03:45

a day I mean this is right we we like to

play03:49

rant and Rave about imperialism is this

play03:51

not the clear

play03:53

definition yeah I mean so many African

play03:56

leaders who have tried to resist the IMF

play03:59

and world bank and Western imposed

play04:02

framework have found themselves

play04:04

assassinated or CED because they

play04:07

recognize very quickly that when the IMF

play04:09

and World Bank comes in and imposes all

play04:11

these neoliberal restrictions on you and

play04:12

says look we've saddled you with debt or

play04:14

we've given you this supposed capability

play04:16

to build um some kind of uh

play04:19

manufacturing base for yourself when

play04:21

those African leaders start to shift and

play04:23

say look we're going to start

play04:24

manufacturing something that's actually

play04:25

beneficial for our populist that like

play04:27

returns us some uh just gives us a

play04:29

return on our investment rather than

play04:31

allows the West to extract the the

play04:33

product of the labor or resources itself

play04:36

um they get CED they get overthrown or

play04:38

they get literally assassinated and this

play04:39

has happened so many times like France

play04:41

has assassinated something like 60

play04:43

leaders in Africa that's because they

play04:46

are still owed all this money and they

play04:48

want that money they want these debts

play04:49

repid like these Colonial debts it's

play04:51

like that's why we say colonialism never

play04:53

ended because once all these African

play04:55

nations were freed from the the Yoke of

play04:57

French imperialism they were saddled

play04:59

with debt as a as sort of like a revenge

play05:02

like just legally they were allowed to

play05:03

do this because it doesn't make the

play05:04

headlines that the the overthrow of

play05:06

colonialism does so people don't notice

play05:08

that and they just think that

play05:09

colonialism ended and that's very

play05:10

convenient but that is the situation

play05:12

that we find ourselves in and again in

play05:14

typical fashion if you guys want numbers

play05:16

on this I would suggest listening to Ben

play05:18

Norton because I was thinking a while uh

play05:21

while we're recording this another

play05:23

interesting thread to go through would

play05:24

be one that I saw on Twitter during the

play05:27

beginning of the pandemic which was

play05:28

China is lying about his Co numbers is a

play05:31

copout and it's this guy who goes

play05:33

through financial times because if you

play05:35

want the truth about what's going on in

play05:37

um geoeconomics you have to look at

play05:40

Financial press you don't look at like

play05:42

the the mainstream press that like puts

play05:44

a narrative spin on anything you look at

play05:46

the the actual Financial press that like

play05:49

investors are reading because that gives

play05:51

you just the raw numbers and that's why

play05:52

investors OB like sometimes come out

play05:54

with like weird takes like we should uh

play05:57

do more friendly investment with China

play05:59

rather than trying to stoke War which

play06:00

goes against what like all of mainstream

play06:02

politicians and Economist economists are

play06:04

even saying because they want to do like

play06:06

protectionism So This Thread it goes

play06:08

into like why it doesn't make sense to

play06:11

say that China is lying about their Co

play06:12

numbers because you can look at actual

play06:14

resources you can look at things that

play06:16

they are importing um you could look at

play06:17

things like the drugs um the Plastics

play06:20

that they would need to like assist

play06:22

people who are like going through Co and

play06:24

the whole point was like he goes through

play06:26

graphics and stats to show that like the

play06:29

like China actually was just combating

play06:30

Co better than the West Was it wasn't

play06:32

that just they were lying about the

play06:33

numbers and so in the same vein when

play06:35

people say that like China is doing debt

play06:37

trap diplomacy where they're like

play06:38

invading African nations and then

play06:40

saddling them with debt that is actually

play06:42

what the US and the West has always done

play06:44

and it actually doesn't even make sense

play06:45

to say that China could because they

play06:47

don't have the military capability they

play06:49

don't have the ability

play06:50

to uh wield the stick if these African

play06:53

countries don't take the carrot of

play06:55

whatever debt they're being saddled with

play06:56

so there is no reason for these African

play06:58

nations to make a deal with China unless

play07:00

it is more mutually beneficial than it

play07:02

would be to sign with the us or Europe

play07:04

so again it is always just projection

play07:05

that the US and and the West does in

play07:07

their mainstream press and then people

play07:08

just believe it yeah and you know uh I

play07:12

judge it highly upon who's who's you

play07:14

know because we can forgive debt too and

play07:16

China has come through and forgive debt

play07:18

so be on the lookout who's who's

play07:21

relieving more debt who really is trying

play07:23

to help somebody else and not and not

play07:26

dead tra uh keep riing for a second I

play07:28

got to turn something off keep ring I'll

play07:29

be right back yeah no

play07:30

problem trying to think of what else um

play07:33

there's some other point I wanted to

play07:34

make about uh just how propaganda people

play07:38

are even with the when it comes to

play07:40

Russia I want to make the point that

play07:42

like people think that Wagner group is

play07:45

some kind of like fascist paramilitary

play07:47

group and I'm sure they do have their

play07:49

issues with a bunch of like far-right

play07:51

nuts in their ranks but when you see

play07:54

something like Wagner group helping out

play07:56

um Ibrahim trior in and Burkina Faso

play08:00

like that is still a beneficial thing

play08:03

just like when I say that we should

play08:05

critically support Russia or Iran not

play08:07

because they are leftist or socialist

play08:09

Powers but because they are doing

play08:10

anti-imperialism in a material sense

play08:12

it's like I feel like a lot of people

play08:14

have turned against an African leader

play08:17

who is doing good right by his people

play08:18

who's kicking out the French

play08:19

colonialists who control all the uranium

play08:22

in that country and do so for profit

play08:25

he's literally kicking them out as we

play08:26

speak and people here in the west are

play08:28

like oh he's going be like an

play08:29

authoritarian dictator it's like based

play08:31

on what just because of the color of his

play08:32

skin it's like just on Laten racism and

play08:36

again the fearmongering about Russia or

play08:38

Wagner people assume that this is going

play08:39

to be like a Ed aine situation when it's

play08:42

much more similar to Thomas

play08:44

Sara yeah uh God bless Thomas Sara you

play08:47

know Ibraham tayori he's he big fan of

play08:50

Thomas Sara and anybody who you know if

play08:53

you're not a communist or whatever and

play08:55

you think you're very skeptical about

play08:56

the whole communist thing uh because

play08:59

your go-to is Joseph Stalin or Ma and

play09:02

sort of the the the things that happened

play09:05

during that go take a look at what

play09:06

Thomas S car did to his country and and

play09:10

how fast they killed him for it

play09:12

because he was a decent guy you know

play09:14

Gaddafi too Gaddafi was giv money to

play09:17

people for to get married he was given

play09:19

you know education reforms land reforms

play09:21

lumba come on guys we should do a whole

play09:24

series it was in Africa because he was

play09:26

helping out African revolutionaries

play09:27

there it's like they weren't able to get

play09:28

him in

play09:30

and maybe that was just like happen

play09:31

stance that they weren't able to but

play09:33

like they definitely went after him a

play09:34

lot in Africa and that's where they

play09:35

killed Shay yeah isn't that crazy so

play09:38

Argentina um is another one of these IMF

play09:41

debt trap companies so Argentina's

play09:42

tumultuous relationship with the IMF

play09:44

spans decades in 2018 the country

play09:47

received a record $ 57 billion loan from

play09:50

the IMF the largest in the funds history

play09:53

wow uh however this massive injections

play09:55

of funds failed to stabilize the economy

play09:57

instead it led to a deepening of the

play09:59

country debt crisis sparking widespread

play10:01

protests and contributing to the defeat

play10:04

of President Mauricio uh McCree in

play10:08

2019 the stringent austerity measures

play10:11

demanded by the IMF included cuts to

play10:13

public spending and removal of subsidies

play10:15

it it completely fueled public anger and

play10:18

economic hardship this pattern of IMF

play10:21

intervention followed by social unrest

play10:23

and political change has been

play10:24

reoccurring theme in Argentina

play10:26

Argentina's recent history um the other

play10:29

one is Ukraine okay so Ukraine's

play10:32

experience experience with the IMF has

play10:34

been equally contentious uh everybody

play10:37

knows the 2014 Maiden coup where you

play10:40

know the CIA and and and whatever

play10:44

America was really rooting for the

play10:46

overthrow of yanovich Ukraine become

play10:48

heavily reliant on IMF loans the fund

play10:51

structural adjustment policies led to

play10:52

significant Cuts in Social programs

play10:54

privatization of State assets and the

play10:56

dismantling of Labor protections

play10:59

oh that sounds real Democratic guys very

play11:02

Western uh these measures contribut to

play11:04

economic hardship for tons of ukrainians

play11:07

and and led to the instability that

play11:09

we're seeing today the imf's involvement

play11:12

in Ukraine has been criticized by for

play11:16

prioritizing the interests of

play11:17

international creditors over the welfare

play11:20

of Ukrainian citizens and potentially

play11:22

exacerbating the country's internal

play11:24

divisions and external vulnerabilities

play11:26

now see and right there there you have a

play11:28

bunch of ukrainians who are confused

play11:29

about what this war is really all about

play11:33

uh look closer at the debt and look

play11:35

closer why does the West need to align

play11:37

itself so much it's another one of their

play11:40

great neoliberal experiments like they

play11:42

they pulled in Iraq oh we're going to

play11:44

turn this into a democracy where we can

play11:47

siphon all the resources out of this

play11:49

country just look at the businesses that

play11:50

are

play11:51

already greedily rubbing their hands

play11:53

together to come in there and re rebuild

play11:56

Ukraine after this war is over it's

play11:57

Black Rock it's all the investment

play11:59

companies it's all the private Equity

play12:01

yeah and that's their money that they

play12:03

invested in the first place they want to

play12:04

get it back and they're going to do it

play12:06

by going in there same with Israel you

play12:08

know they cannot wait to for this beach

play12:10

front property to pop off in Gaza like

play12:13

did you see this uh Riot that was

play12:15

happening in La where these guys came

play12:17

out to the uh this there was a protest

play12:21

against uh Zionism or whatever and the

play12:23

zionists came out it was an event that

play12:26

was selling real estate in the occupied

play12:28

West Bank

play12:29

mhm illegally and of course yeah

play12:31

illegally and these people come out and

play12:33

protest it and then a bunch of these nut

play12:35

jobs you know beat them up that's why I

play12:38

say get get fit get guns do some

play12:41

jiujitsu learn your be tough

play12:44

leftists because we're not you be strong

play12:46

in the mind you got to get strong in the

play12:48

muscles you got to get some muscles

play12:50

going an alternative point of view uh I

play12:53

don't know it might be risky to say we

play12:54

might end up cutting it but it's like I

play12:56

feel like leftist should embrace

play12:58

technology uh drones even just like

play13:00

sniper rifles like check out our long

play13:03

range on Reddit it's all about I mean

play13:05

there are a bunch of right-wing chuds

play13:06

because those are the guys who inhabit

play13:08

these spaces in every pretty much uh

play13:10

sporting good space online but our long

play13:13

range it's all a bunch of dudes talking

play13:14

about hitting targets very small a th000

play13:18

2,000 3,000 yards out sometimes um and

play13:21

they do it they talk about their windage

play13:23

and all their different calculations

play13:24

that they're doing but it is possible to

play13:26

do and I feel like more people should

play13:28

embrace um getting far away from your

play13:30

targets rather than being so into

play13:33

working out and having to get up close

play13:34

like that it's like no let's do this

play13:35

long term let's not have like one fight

play13:37

and possibly end it right there

play13:40

like yeah and and you know guns are the

play13:43

number one killer of children I

play13:45

understand that that's a bad thing but

play13:46

so long as all these nut jobs or the

play13:48

police have a monopoly on violence and

play13:50

stuff we need to get to a point

play13:52

where well like I'm not anti-gun in that

play13:56

in that scenario right in the context of

play13:58

what's happening now leftists should

play14:00

have guns trans people should have guns

play14:02

Communists should have guns as long as

play14:05

these monkeys have guns we should but

play14:06

ideally in a in a in a utopian scenario

play14:11

yeah maybe we shouldn't

play14:13

have guns okay but I me I wish we lived

play14:15

in the world where the US had tons of

play14:17

gun ownership but it was all in the

play14:19

hands of progressive people and that it

play14:21

was like a just a progressive thing to

play14:23

own a bunch of guns and uh militantly

play14:26

defend people rather than what we live

play14:29

in now which is like it's just kind of a

play14:31

known right-wing thing to have guns

play14:33

quote unquote to defend your property

play14:35

but we all know they're all talking

play14:36

about the day of the rope and like some

play14:38

kind of insurrection they're going to do

play14:39

against tyranny or whatever when they

play14:40

really just mean black people yeah and

play14:43

and then don't tread on me while also

play14:45

going and licking the boots of police

play14:46

like this makes no sense love the cops

play14:48

and Military bro you are the boot stop

play14:52

pretending like you're not the boot

play14:53

you're the boot okay Jesus

play14:57

Christ and and and if you need guns the

play15:00

whole reason you would need guns is to

play15:02

rise up right against a what tyrannical

play15:06

government this includes local police

play15:08

and somehow they go well no no no it's

play15:10

the

play15:11

FBI well we're we're at least coming to

play15:13

a point where conservative yah who let's

play15:16

face it there's a correlation between

play15:18

conservative ideals and what lower

play15:21

cognitive

play15:22

abilities uh my my man Mike knows all

play15:25

about it uh I got the studies you got

play15:29

the studies back it up we got the

play15:31

documents uh you guys yeah we need

play15:35

people that are intelligent to have guns

play15:37

I guess that's my final thought on that

play15:39

I mean it it would have to otherwise

play15:42

what's the point that's what I'm saying

play15:44

what's the point otherwise you're going

play15:45

to keep killing children killing black

play15:47

people killing each other accident the

play15:49

kids kill each other they bring the gun

play15:50

to school my dad's got my

play15:53

um idiots having guns this is not good

play15:57

but uh yeah I wonder if liberals had

play15:59

guns or leftists had guns how much they

play16:01

wouldn't really use them too often but

play16:04

if a militia rose up every time that

play16:05

there wasn't police accountability and

play16:07

we shot 10 20 30 cops blew up a

play16:11

police station maybe we could stop you

play16:14

know tyrannical forces from prevailing

play16:18

but dude we're up against so much like

play16:21

we just were reading about the private

play16:22

prison industry and uh the military

play16:26

Arsenal that local police and and Frog

play16:29

Balls Oklahoma get that's

play16:33

crazy I mean my point in saying that

play16:35

earlier was that because the right is

play16:37

allowed to have guns and the left is

play16:40

looked at as like scary when they do

play16:42

like uh I was talking on my Instagram

play16:44

live video this morning about how every

play16:46

time I've seen a real Marxist group pop

play16:48

up in the last few years like during

play16:49

black lives matter there was quite a few

play16:51

where you'd see like militantly armed

play16:53

young black men are organizing in a

play16:56

principled way and saying things even to

play16:58

like the media when they would get

play16:59

interviewed saying like look we are

play17:01

fighting fighting with solidarity for

play17:02

all oppressed people we're not doing

play17:04

like anti-white racism or anything like

play17:06

that you're accusing us of we want

play17:08

everybody to stand together and rise up

play17:09

against these oppressive forces that are

play17:11

holding all of us down and you would

play17:13

hear about them and then they'd be gone

play17:14

in like a month and that's not that's

play17:16

intentional like these orgs are quickly

play17:18

targeted and they're

play17:20

very adeptly and effectively neutralized

play17:23

by the government that's

play17:24

like that's that's the world we live in

play17:26

and that's why I'm saying like when you

play17:29

live in the country where it is just

play17:30

assumed to be a right-wing thing to have

play17:32

a bunch of guns um that's because you

play17:34

live in a right-wing country where the

play17:36

government tolerates that like that's

play17:37

just to say you live in fascism whereas

play17:39

if you lived in the country like maybe

play17:42

China where their pla is communist in

play17:45

name like they they literally are a

play17:47

communist organized Army for the

play17:49

Communist party it's like people who are

play17:51

in the pla are allowed to have guns and

play17:53

they have a lot of experience with guns

play17:55

but those are Communists and

play17:56

they crack down really hard on the

play17:58

fascists like like that is what

play17:59

authoritarianism looks like in China is

play18:01

like if you express fascist ideas if

play18:03

somebody in your community even thinks

play18:04

that you're doing it like you weren't

play18:05

even you were smart enough to keep it

play18:07

off of the social media or whatever it's

play18:08

like if somebody thinks you're a

play18:09

fascist in China you're getting reported

play18:11

and the state is cracking down on you

play18:12

you're getting re-educated that's what

play18:14

communism is like that's what we want

play18:16

yeah yeah yeah look we're all equal and

play18:19

if you got a problem with that I'm going

play18:20

to kill you all right yeah and I

play18:22

dig it I dig it you know because

play18:25

like I said before organizing Society

play18:27

under any

play18:29

any attempt to organize Society it's

play18:31

going to be under the you know it's

play18:34

going to have to be coercive and that's

play18:35

that's okay I've learned to accept that

play18:37

it's unfortunate that we can't all be

play18:39

Hermits that live in the woods with no

play18:41

laws no rules yeah let's just go and

play18:45

let's do it let's but let's do it right

play18:47

yeah so the other thing was Greece of

play18:50

course totally famous for the IMF uh

play18:52

totally screwing them over um the Greek

play18:55

debt crisis was a subsequent IMF bailout

play18:57

program uh notorious example of uh IMF

play19:01

intervention leading to social unrest

play19:03

the the harsh austerity measures imposed

play19:06

uh as conditions of the bailout led to

play19:07

severe economic contraction skyrocketing

play19:10

unemployment and dramatic decline in

play19:12

living standards for many Greeks we'll

play19:14

get uh jannis verus on here one day I

play19:16

hope and he can tell us all about it and

play19:18

the last the last example I had was

play19:21

Egypt same thing IMF backed economic

play19:24

reforms implemented since 2016 have led

play19:26

to significant hardships for ordinary

play19:29

Egyptians the floating of the Egyptian

play19:32

pound cuts to subsidies and the

play19:33

introduction of new taxes has resulted

play19:35

in soaring inflation and sharp decline

play19:37

in living standards for many so when you

play19:39

talk about International Development be

play19:41

suspicious that's all I can really say

play19:43

you know so next last story I can't

play19:47

think of any situation outside of like

play19:49

World War II where I would have even

play19:51

critically supported the US in some kind

play19:53

of military Venture that's the last time

play19:56

it's like there has never been a

play19:57

situation in our lifetimes where the US

play19:58

is actually been the liberators in any

play20:01

kind of military way that's simply not

play20:03

the case I can't think of it one either

play20:05

I mean even I mean Desert Storm you had

play20:09

we went over because uh s Saddam Hussein

play20:12

invaded Kuwait but he did it with the

play20:13

weapons we gave him so it's like it's

play20:15

like every time dude what the yeah

play20:19

World War II and when we come in late

play20:21

because we think it might be in our

play20:22

interest to come in late and then oh now

play20:25

that uh the Communists have done most of

play20:28

the work we come in and then and then

play20:29

we'll tell all the school students that

play20:31

we we kick their asses real good um yeah

play20:39

[Music]

Rate This
★
★
★
★
★

5.0 / 5 (0 votes)

Étiquettes Connexes
IMF PoliciesKenya ProtestsDebt CrisisAusterity MeasuresEconomic ReformsWestern InfluenceGlobal FinanceSocial UnrestPolitical ChangeEconomic Analysis
Besoin d'un résumé en anglais ?