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Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"

The Great Simplification with Nate Hagens

CHAPTER

The Drain of Resources

In 1982, the flow funds permanently switched from previously the global north sending resources and investment to the global south. In 2015, the drain was 10.1 billion tons of raw materials and 182 million person years of labor. So that's 50% of all goods and 28% of all labor used to that year by high income countries. It has started as a trickle and now it's trillions of dollars a year.

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