this post was submitted on 17 Jul 2023
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GenZedong
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Lol after reading the john perkins book about being an economic hitman, its kinda ridiculous how incompetent and lazy were the global south boggie class (vendepatrias).
They hire american consultories to make the economic projections for them (which they intentionally overproject growth) so they can ask american banks for credits to pay american construction companies to make the infrastructure. Credit goes from american bank to american companies then the country has to pay the bank the credit with interests, and since the growth projections were overblown, they end up becoming debt slaves. What a business.
And the comprador gets a cut. That's what it's all about.
Easy money for some.
Is the book worth a read? It sounds like a different argument but I enjoyed The Death of Homo Economicus by Peter Flemming. https://www.plutobooks.com/9780745399409/the-death-of-homo-economicus/
Yea its a good read, its easily consumable since its written like a novel. Ty for the recommendation btw.