Jeremy Corbyn Speech in the House of Commons (23 November 1990).
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What happens to the political sovereignty of poor countries that do not have the infrastructure that is available in Europe and north America when they are told that, because of the debt crisis, they must open up their economies to multinational capital to do whatever it will, and when the IMF and the World bank tell them that they must cut social expenditure? They are now told that they must pursue free trade policies for farm products. Those policies add up to disaster for poor countries.

— Jeremy Corbyn on International Monetary Fund

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "What happens to the political sovereignty of poor countries that do not have the infrastructure that is available in Europe and north America when they are told that, because of the debt crisis, they must open up their economies to multinational capital to do whatever it will, and when the IMF and the World bank tell them that they must cut social expenditure? They are now told that they must pursue free trade policies for farm products. Those policies add up to disaster for poor countries." in the context of "Jeremy Corbyn Speech in the House of Commons (23 November 1990)." to mean that wisdom is timeless.

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Source: Wikiquote: "International Monetary Fund" (Quotes about, 1990s) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Jeremy Corbyn

About Jeremy Corbyn

Jeremy Bernard Corbyn (born 26 May 1949) is a British independent politician who was formerly Leader of the Labour Party and Leader of the Opposition (September 2015โ€“April 2020). He was first elected as the Member of Parliament (MP) for Islington North in 1983. At the July 2024 general election, he returned to parliament as an independent MP.