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Geopolitical Economy Report cover image

Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones

Geopolitical Economy Report

NOTE

The Debt Crisis in the Global South

In 2023, there were three of the largest bank crashes in U.S. history. Today, we discuss the worldwide debt crisis, particularly in the countries of the global south. These countries were colonized by Western powers and are now trapped in unpayable debt. Much of this debt is held as assets by rich people and investors in the global north.

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