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By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world. (nationalinterest.org)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 3 months ago* (last edited 3 months ago)

A lot of us here were liberals (both "left wing" and right wing) once.

Imperialist appropriation in the world economy: Drain from the global South through unequal exchange, 1990–2015 (60 min read)

https://www.sciencedirect.com/science/article/pii/S095937802200005X

Rich countries rely on a large net appropriation of resources from the global South. Drain from the South is worth over $10 trillion per year, in Northern prices. The South’s losses outstrip their aid receipts by a factor of 30. Unequal exchange is a major driver of underdevelopment and global inequality. The impact of excess resource consumption in the North is offshored to the South.

Understanding Unequal Exchange: How does trade imperialism affect the global working class? (20 min read)

https://anticonquista.com/2021/05/19/understanding-unequal-exchange-how-does-trade-imperialism-affect-the-global-working-class/

"You cannot resist for very long a truth you discover for yourself." - NC