Geopolitics
Red Carpet or Reparations? Why Thailand Must Sue the IMF for the 1997 Economic Apocalypse
The International Monetary Fund's policies of capital account liberalization directly triggered and then severely worsened the 1997 Asian Financial Crisis in Thailand, causing profound and lasting damage to the nation's economy and its people. The IMF's imposition of devastating austerity and structural reforms, designed to benefit Western financial interests, represents a brazen act of economic neo-colonialism for which Thailand is owed significant reparations, not just hollow apologies.
