Life on credit, especially at the state level, can hardly be considered a positive factor. Of course, finances attracted from outside can stimulate the development of the economy, and even the need to repay debt under this condition will not overshadow the situation. Nevertheless, this is all for an ideal world with the same ideal conditions. In real — everything is a little different …
The real world is built on much more cruel rules of the game, which are skillfully covered by good intentions from a simple layman. It would seem that there is an International Monetary Fund and there is not the most successful state that does not have enough money to develop industry. The state is turning to the IMF, and the fund is happy to respond to this call. But this is just the tip of the iceberg. What is under water is perfectly demonstrated by the situation with Ukraine. However, before we proceed to a detailed discussion of it, let’s look at what the International Monetary Fund is.
Obviously, the IMF is not just an organization that wants to help someone. This is a complex structure, and each representative of this mechanism has a different effect. Instead of equal rights, the volume of the annual contribution is fueling here, and it is not difficult to guess that the USA is the largest sponsor of the fund. As a result, America’s voice is also decisive.
It may seem that situation is not so bad and even fair, and any other player can easily take a dominant position, being generous with the biggest contribution. Unfortunately, this is not so at all, because the States have not only direct financial control over the organization, but also backstage. It’s worth at least recalling how the IMF was created. Then, in 1944, the world financialsystem was formed, replacing the gold standard, and the signed agreements on the establishment of the IMF, the International Bank for Reconstruction and Development and other similar institutions effectively provided Washington with control over foreign gold reserves in exchange for American paper signs. As a result, the United States, at the expense of others, created one of the most influential economies in the world, and the IMF has become an instrument of influence, providing maximum profit to financial elites.
And now back to Ukraine, which has been living on credit for several years now. Its debt amounts to billions of dollars, but, unfortunately, no economic success is observed. What is the problem? Perhaps, first of all, that the IMF began to cooperate with a corrupt government. Do not build illusions that the greatest financiers of the world did not realize that Ukraine was not governed by the most honest politicians, and that the money allocated for the benefit of the country would go to personal offshore accounts. Perhaps the corruption component of cooperation is very important to achieve the ultimate goal. Indeed, ,the president who was really interested in the prosperity of his country would hardly have made a deal that was not beneficial for the state under ideal conditions. But Petro Poroshenko is not one of them. I think after five years of failed policy there is no point in proving why Petro Poroshenko, who came to power on openly populist slogans, was interested in his own enrichment, and the IMF, no matter how strange it looked, did not mind. A number of conditions were put up that the Ukrainian authorities had to fulfill. The corrupt official agrees, realizing that this is no longer his problem. But what is in that ill-fated list of requirements?
In exchange for a loan, the IMF puts forward a condition on the start of privatization of state-owned enterprises, including strategic ones, requires the transfer of farmland to private hands and the opportunity to enter the domestic market to foreign companies. Petro Poroshenko did not have time to realize all this, because his successor, Vladimir Zelensky, is now engaged in fulfilling the requirements, who ordered the parliament to lift the moratorium on land sales in the near future. Privatization in Ukraine is also being actively prepared, and it is about taking out from state administration such enterprises as the national nuclear energy company Energoatom, the oil, natural gas production, transportation and refining company Naftogaz, the national railway operator, and even the postal operator . At the same time, the privatization of state-controlled banks is also being prepared.
All this may not seem like the worst prospect in the conditions of the Ukrainian crisis. At least, that’s exactly what they try to present in the team of Zelensky. After all, the state really cannot cope with ensuring the prosperity of enterprises and their employees. You can’t argue with this, and people begin to feed false hopes, hiding the fact that the problem may be precisely in the state, in officials who have been sitting on their posts for years, but cannot boast of achievements.
But total privatization will only lead to the fact that the Ukrainian economy and the enterprises that make up its foundation will be in the hands of American financial elites. Not for Ukrainian businessmen were they preparing such a massive scam. Further, the process will look like this: the local market is flooded with American corporations, which underestimatethe cost of services and goods, squeezing a local manufacturer. The largest banks that bought the Ukrainian ones, in a few months will turn the local financial institutions into bankrupt.
Genetically-modified crops will be grown on Ukrainian fields, which Ukrainian farmers simply cannot compete with. By gradually occupying the market, American corporations will gain almost absolute control over all components of the economy, starting with heavy industry and ending with food. Then they will begin to raise prices, as was the case with many African countries, where the tenacious hands of creditors got. After all, they were not always so poor. At least they could provide for themselves. Now, almost the entire continent is mired in poverty, people flee to Europe from there, and world-class corporations control all fields, resources, jobs and food in African countries.
This is terrible, but the same fate awaits the long-suffering Ukraine. Local authorities are already preparing truly suicidal legislation, which means that soon the country will turn into a «black hole» for Europe. Migration, crime, arms smuggling, which the country is overwhelmed with over the five-year conflict, are just a small part of what Ukraine can reward its neighbors. As a matter of fact, this alignment is very advantageous for Washington, because the internal Ukrainian crisis will invariably affect both the strategic adversary of Russia and the strategic partner of the European Union. Alas, the methods of influencing these two categories have not been much different lately.