In this article, economist Michael Hudson describes how China created an alternative to the Western neoliberal order, and how the Global South can challenge the parasitic rent extraction of US-centered financial colonialism.
Their choice today, therefore, is between paying their foreign debts β at the cost of blocking their own development β or claiming that these debts are odious and insisting that they be written off.
Their self-determination can only be achieved by joining together in a collective front.
Geopolitical Economy Report
Michael Hudson: How the Global Majority can free itself from US financial colonialism - Geopolitical Economy Report
Economist Michael Hudson: China created alternative to Western neoliberal order, how Global South can challenge rent extraction of US financial col...
