Hidden Repression by Alex Gladstein

Engraving-style cover art for Hidden Repression by Alex Gladstein

My Review

Good read on pernicious lending by the IMF and World Bank and how it guts the Global South via odious debt (without the concent of the governed). A little fact-heavy and bullet point rich, starts to morph into a data dump — could have used a titch more expositional narrative voice — but incredibly valuable insight and hot take on the old problem with fiat lending, how countries like New Guinea, Ghana, Thailand, Brazil, and Argentina became “extraction centers” of Structural Adjustment “terms and conditions” for loans they couldn’t climb out of, and how bitcoin could generate a “forced cooperation” between previously disinterested parties.

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Joseph Voelbel designs learning curriculum and writes about money, systems, and meaning. Author of Pay Attention to Bitcoin (2024), a crash-course primer on sound money, Nineteen Stories (2017), an exploration of the unknown, and This Plant Will Grow (2026), a children's book about a plant that becomes a rainforest.