Experts On Third World Banana Republics: The U.S. has Become a Third World Banana Republic
Who are the leading experts on third world banana republics?
Probably those at the International Monetary Fund with years of experience lending money to corrupt regimes after their excess became so out of hand that they needed emergency assistance.
Today, two top IMF officials said that the U.S. has become a third world banana republic.
First, Simon Johnson, former chief economist of the IMF, says recovery will fail unless we break the financial oligarchy that is blocking essential reform, and calls the U.S. a banana republic. In his essay "The Quiet Coup" (which includes sections like "Becoming a Banana Republic"), Johnson writes: