3 ms·
Who specifically has control of that capital? I'd be willing to hazard a guess that it's not the Bangladeshi textile workers or Congolese miners. And meanwhil
by vladTheInhaler 6y ago
Who specifically has control of that capital? I'd be willing to hazard a guess that it's not the Bangladeshi textile workers or Congolese miners. And meanwhile the real, tangible wealth is leaving their countries in shipping containers.
So on balance, a bunch of resources (labor, fossil fuels, raw materials) are being expended in order to transport valuable goods from a poor place to a rich place. And in exchange a couple of bits were flipped in an account belonging to a local power broker. Hard to see how that does anything other than further impoverish the "client" nation.
And all the companies involved are incentivized to perpetuate the status quo, in order to maintain access to cheap labor and natural resources. And we have seen that historically they are more than willing to undermine countries that are threatening their profits [1] [2] [3].
[1] https://en.wikipedia.org/wiki/1953_Iranian_coup_d%27%C3%A9tat https://en.wikipedia.org/wiki/1953_Iranian_coup_d%27%C3%A9ta...
[2] https://en.wikipedia.org/wiki/1954_Guatemalan_coup_d%27%C3%A9tat https://en.wikipedia.org/wiki/1954_Guatemalan_coup_d%27%C3%A...
[3] https://en.wikipedia.org/wiki/Overthrow_of_the_Hawaiian_Kingdom https://en.wikipedia.org/wiki/Overthrow_of_the_Hawaiian_King...