Time Magazine calls what happened in Haiti a Fresh Lesson to the IMF in the value of Subsidies to the Poor

Read this from Time Magazine : Haiti Gives the IMF a Fresh Lesson in the Value of Subsidies to the Poor... Ahh ha! So it it a lesson! What great teachers we are!

PHOTO: Haiti looks like a war zone after a violent street protest
PHOTO: Haiti looks like a war zone after a violent street protest

Read this from time.com

Just eight days after announcing an International Monetary Fund-backed plan to cut government subsidies - a move that would raise fuel prices by up to 51% - Haiti's Prime Minister Jack Guy Lafontant resigned on July 14.

The plan had triggered mass protests in Port-au-Prince and other cities. Dozens of stores were looted and burned; at least seven people died. The government suspended the price hike, but facing a vote of no confidence, Lafontant, who took office in March 2017, stepped down.

While many Haitians are in shock at what happened in Haiti, to Time Magazine, it is a lesson to the IMF in the value of subsidies ot the poor.

Hmmmm...

We keep giving lessons to the world and our lives keep getting worse.

What do you think about that?

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