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Documentary #14: The Green Transition Pt. 1 – The Problem with Green Capitalism

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Global South Debt Is a Claim on Global South Resources and Labor

When a global South country is under foreign debt, external debt, this is debt owed in a currency that it is not controlled. In order to pay that debt, and furthermore, to pay interest on that debt, which is an exponential function,. It has to export more of its resources, more of its embodied labor and energy, etc., etc.," Hickel says. "This is wild for anyone in the global South to have to deal with"

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