10/14

     Today we learned how the rich countries exploit the poor countries. International Monetary Fund is an organization that was established to save countries that suffer from financial problems. However, the reality is that actually the IMF helps rich companies exploit developing countries so the winners of the WWII would gain wealth. First, the developing countries borrow money from IMF but IMF gives orders to the developing countries to create infrastructure with the money. The developing countries don't have the technology to create the infrastructure so they pay the rich companies in the developed countries to create it. The developing countries will have to pay back the IMF, so they sell their natural resources to the companies and pay back their debt. Then the companies create factories and hire labor force with cheap wages. Since the companies most of the natural resources in the area, the people are being exploited by the companies.

    It is outrageous that the rich countries exploit the people other countries just for wealth. In Bolivia, the people have to pay a quarter of their daily paycheck just for water. It's unbelievable that the law prohibits people from collecting rain water too.