How the IMF destroys countries.
Most Americans have been bewildered by the anti-globalization protesters at recent meetings of the International Monetary Fund and the World Bank. Isn’t free trade a good thing? Isn’t a global economy great for everyone? What could the protesters possibly be objecting to? ”Life and Debt,” a documentary by Stephanie Black, with a commentary written by Jamaica Kincaid, looks at the effect of the International Monetary Fund on the economy of Jamaica. The result, she argues, has been the destruction of Jamaican industry and agriculture, the end of Jamaica as a self-sufficient economic entity, and its conversion into a market for North American goods and a source of underpaid labor.