The New Colonialism: How Global Finance Extracts Wealth скачать в хорошем качестве

The New Colonialism: How Global Finance Extracts Wealth

System Overview: argues the global economic system is neocolonialism. It maintains a creditor-collateral power structure (North-South) via financial tools. Key Mechanisms Analyzed: Debt Traps & Resource Collateralization Structural Adjustment Programs (SAPs) forcing public sector cuts Unequal Exchange: An 11:1 labor value transfer from South to North Core Logic: The system is not a free market; it is a logic of continuous extraction. Legal foundations trace to the U.S. Insular Cases (1901). Counter-Offensive: The African Union's Algiers Declaration demands $5 trillion in reparations for ongoing crimes. Summarizes the argument that the global economic system is a continuation of colonialism, using financial tools like debt traps and resource collateralization to maintain a power structure where the Global North acts as a creditor and the Global South as collateral. The main claim is that the current global financial architecture is not based on free markets or rational economics, but on a dark logic of continuous extraction, which the African Union's Algiers Declaration seeks to dismantle through a structured legal offensive demanding $5 trillion in reparations for ongoing crimes against humanity. The logic is established by contrasting the Lower Manhattan view (finance as amoral math, history as sunk cost) with the Algiers view (history as an active crime scene, the economic system as a weapon). This is supported by analyzing the mechanics of Structural Adjustment Programs (SAPs) which force the Global South to cannibalize its public sector to service debt, and the economic theory of unequal exchange, which uses data on embodied labor to show that the Global North systematically appropriates value from the South through politically suppressed wages and resource prices (an 11:1 labor exchange ratio). The video further traces the legal justification for this system back to the U.S. Insular Cases of 1901, which established a legal framework for treating certain populations as incapable of self-governance, thereby justifying foreign control and extraction.