Skip to main content

Posts

Showing posts with the label "aid in reverse"
Theresa May in Africa "Aid" is a con. It is partly to mask the criminal role of the City of London in capital flight and as a route to tax havens In figures: "In 2012, the last year of recorded data, developing countries received a total of $1.3tn, including all aid, investment, and income from abroad. But that same year some $3.3tn flowed out of them. In other words, developing countries sent $2tn more to the rest of the world than they received. If we look at all years since 1980, these net outflows add up to an eye-popping total of $16.3tn – that’s how much money has been drained out of the global south over the past few decades. To get a sense for the scale of this, $16.3tn is roughly the GDP of the United States. for every $1 of aid that developing countries receive, they lose $24 in net outflows." How poor countries develop rich countries Or aid in reverse I add the following mechanisms: Uneven and combined development serves the imperialist st...