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[UNLOCKED] How the North Plunders the South w/ Jason Hickel

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Jun 13, 2024
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INSIGHT

Neocolonial Extraction

  • Unequal exchange persists after colonialism due to systematic price inequalities in international trade.
  • The Global South exports more units than it imports, leading to a hidden transfer of value to the North.
INSIGHT

De-development and Unequal Exchange

  • De-development in the Global South is a legacy of colonial interventions and structural adjustment programs.
  • These programs reduced labor and resource costs, increasing value transfers to the North.
INSIGHT

Unequal Exchange and Capital Accumulation

  • Prices in international trade are not neutral but reflect power imbalances, similar to how wages are affected by national policies.
  • Imperialism and unequal exchange allow capital accumulation to continue despite concessions to Western workers.
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