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Debt slavery, neo-colonialism and neoliberalism

Posted April 16th, 2011 at 05:12 PM by Solidaire
Updated December 4th, 2012 at 04:33 AM by Solidaire

One of the most fundamental reasons for the poverty and underdevelopment of Africa (and of almost all "third world" countries) is neo-colonialism, which in modern history takes the shape of external debt.

When countries are forced to pay 40,50,60% of their government budgets just to pay the interests of their enormous debts, there is little room for actual prosperity left.

International debtors are the modern colonialists, sucking the marrow of countries;...
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