Profits from Poverty? Lloyds bank
Reverse
Artwork by Ralph Steadman.
Profits from Poverty?
In the 1970s, the world's leading banks lent over £187.000,000,000
to Latin America. Lloyds lent £5,200,000,000 The loans brought
profits for the banks and made rich elites richer. As always, hardly any
reached the poorest people.
But it is now the poor who are repaying the debt. Harsh economic poli-
cies, imposed at the insistence of the banks, have cut living standards -
already desperately low - by as much asa half. 150 million women, men
and children live in absolute poverty. Hunger and disease are increas-
ing. Lloyds made £804M profits (before tax) in 1985. Only because
the poor kept paying.
Published by WOW Campaigns
☮️ Organisation: War on Want
🕰️ Age: Early vintage
💎 Rarity: [4/10] Uncommon
📏 Width:
📏 Height
💰 Price Guide: £3 - £6
