World Bank

The recent discussion about making America First has put international organizations like the IMF and World Bank under a microscope. The Bank for example makes loans to underdeveloped countries to say, build up their infrastructure. It can be shown that projects like this will increase the GDP of these countries and this is true but the increase goes mostly to a select few. These few have close connections to large western corporations and that is where the profits go. The poor people get little to no benefit. The same thing occurs in the United States when we have trade with foreign countries. It increases our GDP but the profits go mostly to large corporations and not to the middle income people who have lost their jobs to cheap overseas labor. The World Bank is presented as an agency that helps poor countries and uses this altruism to promote the reason for their existence but it is all a sham. US taxpayers give billions to the World Bank and this money is circulated through various loan programs and ends up in the pockets of US corporation who are building infrastructure programs in these countries.