Colonialism or sovereignty? How the global financial system traps countries in debt

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss how the international financial system traps Global South countries in debt, reinforcing a neocolonial system. They explore the impact of the global financial system on developing countries, the role of debt in global power dynamics, the emergence of alternative financial structures, and the need for rethinking the global financial system. They also discuss the rise of fascism and the choice between fascism and socialism as societies face the failure of liberalism.