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The modus operandi to ruin a country full of natural resources and make them dependent on aid is: 1. Get a corrupt guy in power 2. Allow that guy to take unpa
by partycoder 9y ago
The modus operandi to ruin a country full of natural resources and make them dependent on aid is:
1. Get a corrupt guy in power
2. Allow that guy to take unpayable loans
3. Allow that guy to stash all the money in secret bank account somewhere so that money is never touched by anyone
4. Once the country defaults on its debt, restructure the debt. Privatize everything. Make the all the natural resources available for nothing.
In this way:
1. The country loses all sovereignty of its resources.
2. The country spends all its income paying interest.
3. All the income made in the country goes to foreign corporations that get to pay almost no tax.
Also, the enslaved countries may even allow the construction of overseas bases, for "research".
The important takeway from this is that people that realize this just give up and move abroad. You can work your entire life to make your country prosper, but it will never happen because as soon as the country is above water then some ape will go and take a massive loan again and stash it somewhere.
The real problems are: 1) predatory loans, 2) bank secrecy, 3) foreign interference.
This is neocolonialism. Let countries think they're sovereign on a map, let them think they're independent, but keep all their money, their resources and put them all to work on unlivable wages.