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Impact of Loans from Imperial Countries on Developing Nations
Loans from imperial countries to poor, developing nations come with conditions reinforcing imperial control and wealth extraction. These loans burden already struggling nations, often impossible to repay, leading to tougher conditions. IMF and World Bank ensure open markets, restrict government choices, and impose austerity to privatize gains and socialize losses. The resulting poverty and wealth drain create conditions for migration, exploited by the US as evidence of its superiority. Immigrants may unknowingly perpetuate this narrative, unaware of the global power dynamics at play.