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VIJAY PRASHAD on Capitalism’s Erosion of Morality [ENCORE] /268

For The Wild

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I Don't Want Philanthropy, Pay Your Taxes Fair and Square

i would like to make a teshet iana, which says, no philanthropy, only taxation. We should have democratic control over our social wealth, not allow whim to define it. There's about 11 trillion dollars in external debt, er in the developing world. And the wealthy bondholders, they just don't want to give these countries a break. If you cancel the debt to ethiopia, they have enough resources in their society to drive an agender. The reason these countries have to keep coming with the begging bull is because their resources are essentially sapped by this vacuum cleaner of debt servicing. It's a perpetual debt machine.

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