Under The Spell
In the second episode of Under the Spell season 2, host Michael Avery and Professor Manoel Bittencourt peel back the layers of global finance to examine the true legacy of the World Bank. For decades, the World Bank has presented itself as a moral guardian of progress and a champion of poverty reduction. However, as the global South continues to grapple with the weight of "conditional" finance, we must ask if these institutions were designed to foster independence or to secure a specific brand of Western technocracy. In this episode, we explore: The Birth of Conditionality: How the 1950s shift from short term stability to long term development changed the relationship between lender and borrower forever. Technocracy vs Reality: The uncomfortable gap between policies designed in comfortable Washington DC offices and the abject poverty found in remote areas like the Karoo. The Language of Modernisation: Why the narrative of "growth" often masks a far more complex system of population management and financial control. The Ghost of the Cold War: Understanding the historical roots of the World Bank as a tool for geopolitical alignment rather than purely economic aid. Who Really Holds the Power: A look at whether development loans shape thriving economies or simply entrench the dominance of the creditors. This isn’t a podcast about balance sheets. It is a deep dive into the stories that dictate how the world is governed and who is left behind. Join us every week as we go UNDER THE SPELL.
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