Mia Mottley
๐ค SpeakerAppearances Over Time
Podcast Appearances
I mean, you can blame the Europeans, but Africa hasn't done well for itself.
And you talk about this global hypocrisy and inequity in a way that I think most people have never heard.
And it made me wonder, what is one practice that you think is the most globally indefensible in how larger countries are treating smaller countries?
You were right in saying larger companies too, because I think it's a form of bullying and a failure to put yourself in the position of the others and to craft rules that work for you, but not for everybody.
So let's look at, everybody knows the story of Greece with their economy.
Greece and Ghana, and I'm not talking about Ghana in the last post-COVID years, but just before COVID, Greece and Ghana had basically the same credit rating, but Greece was accessing money in the international capital markets at a fraction of what Ghana would access it.
Part of it has to do with the safe assets and part of it has to do with a lot of underlying assumptions that were made
as you created these institutions.
And if I want to get it as basic as I can, why should Europe determine who's the head of the IMF and why should the USA determine who's the head of the World Bank?
Doesn't South Africa have somebody who can head the World Bank?
Doesn't India have somebody who can head the IMF?
So a lot of these assumptions were made and the rules were crafted in the image of a few, not of the many.
And as a result, we've been paying the price of those rules that have not been touched, have not been deconstructed and reconstructed.
And we have been paying the price as well that just doesn't matter enough.
Okay, South Africa is having problems.
Okay, that's a conversation piece.
Okay, maybe there's too much corruption in Africa.
What's happening in Europe and North America?
The same corruption out there?
It takes two hands to clap.