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Bad Faith

Episode 386 - Kenyans vs The IMF (w/ Dr. Grieve Chelwa)

Bad Faith

Bad Faith

Chapo, Bernie, Left, Leftism, Socialism, Socialist, Berniesanders, Comedy, Democrat, News, Politics

4.52.6K Ratings

🗓️ 4 July 2024

⏱️ 59 minutes

🧾️ Download transcript

Summary

Economist Grieve Chelwa joins Bad Faith to explain how mass protests in Kenya defeated IMF-backed austerity policies, and how the IMF and World Bank use debt as a mechanism of political & economic control. Dr. Chelwa charts how the BRICS bank & dedollarization may provide a way out for countries struggling under western debt-control, and the crucial role global solidarity must play. This is one of those big picture episodes you wont want to miss.

Transcript

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0:00.0

The So, I'm really excited to be joined on bad faith podcast today by Professor Greve Chawa.

0:42.0

He is an associate professor of political economy

0:44.5

at the Africa Institute.

0:46.0

Welcome, Professor.

0:47.8

Thanks for having me, Brianna.

0:48.8

It's an incredible honor to be here.

0:51.0

I mean, the honor is really mine.

0:52.4

I have been wanting to cover the

0:55.3

protest in Kenya for a few days now and was really excited to see not just some of

1:02.0

your other

1:02.8

bits of commentary on the internet,

1:04.5

but that you've had a longer tale commentary

1:07.9

and substantive research on the question

1:10.6

of how international monetary organizations, the World Bank Bank and the IMF have contributed to the

1:16.2

underlying financial crises that really provoked the protest that we saw emerge

1:21.6

last week.

1:22.8

So I want to start by just laying the foundation

1:25.4

for those folks who haven't been following

1:27.5

what's been happening in Kenya.

1:29.5

Can you explain what happened in the context of the protests and then we'll move into why it happened.

1:36.2

As a Zambian, I'm a bit hesitant to speak on behalf of my Kenyan sisters and brothers, but I'm going to try.

1:42.9

So what happened?

...

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