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yukichigai ,
@yukichigai@lemmy.sdf.org avatar

Elon: Let the free market decide.

Free Market: decides

Elon: Wait, no, not like that

ArbitraryValue ,

Why was the World Bank advertising on Twitter (or anywhere) in the first place?

davel ,
@davel@lemmy.ml avatar

Imagine your platform being too toxic for even the World Bank’s propaganda.

DarkCloud ,

When you’re too questionable for the world bank - who regularly offers leveraged loans to dictators they know are going to embezzle the cash and flee, leaving whole countries destitute.

…even those guys are like - “nah, Elon Musk clearly has a questionable character”.

NoIWontPickAName ,

So what?

What’s the world bank going to do if the countries decide not to pay back the loan?

It’s just stupid for the countries to even pay it back

DarkCloud , (edited )

…a “leveraged loan” usually means there’s a contract to sell a natural resource for a very cheap price (far below the market rate) if the loan isn’t paid back. That’s the “leverage” that makes the loan (usually to an otherwise poor country) “good” in the eyes of the world bank.

So that’s what happens. If they refuse to give up the goods, they’ll get down graded, possibly refused global banking services, or put on an embargo list… And they’ll probably arrange ownership of the mine/refinery/wells and have them secured with private security forces anyways.

halcyoncmdr ,
@halcyoncmdr@lemmy.world avatar

Is Elon gonna sue the World Bank now?

DogPeePoo ,

”Probably in a couple of weeks… looking into it… [insert generic platitude…]”

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