3min chapter

Curious Worldview Podcast cover image

104: John Perkins | Debt Traps & Confessions Of An Economic Hitman

Curious Worldview Podcast

CHAPTER

The Debt Trap of Ecuador

Ecuador owes money to China for mining gold and copper deep in the Amazon rainforest. John Avlon: President was trying to do best thing for his country, understood global economics. He says U.S., China take advantage of this vulnerable place because it's densely populated. Avlon: Ecuador is a classic example of how an economic hit can turn into a debt trap.

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