Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones
Geopolitical Economy Report
00:00
The Problem of Unpayable Global Debt
This chapter explores the issue of unpayable global debt, focusing on the debt of poor countries in the global south. It discusses the challenges these countries face in paying off their debts, particularly when their debt is denominated in other currencies like the US dollar. The chapter highlights the neo-colonial relationship between poor countries and wealthy capitalists, emphasizing the urgent need for international financial system reforms.
Transcript
Play full episode
