How the world can free itself from US financial colonialism: Economist Michael Hudson explains
Geopolitical Economy Report
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Unpacking Global Financial Colonialism
This chapter explores the concept of global financial colonialism and its impact on the Global South, particularly highlighting the reliance on foreign financial systems imposed by Western nations. It discusses historical precedents of exploitation and the struggles for sovereignty, with emphasis on examples like Haiti and Egypt. The narrative critiques the influence of international financial institutions and neoliberal policies that obstruct economic independence and argues for the importance of food self-sufficiency and government investment in fostering autonomy.
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