Richard D. Wolff & Michael Hudson: The Shocking Truth Behind the End of Financial Colonialism!

4 months ago
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Richard D. Wolff & Michael Hudson: The Shocking Truth Behind the End of Financial Colonialism!
Thank you Professor Michael Hudson and Professor Richard Wolff.
For the last 300 hundred years before the beginning of the collapse of colonialism in the 1950s, Europe had been colonizing the rest of the world, mainly for its endless resources and cheap labor to feed its own economic growth. The West had been fighting wars among themselves for colonies and control of raw materials and energy. Ever since the end of the WW2, independence movements across the globe had first set free countries in Asia, followed by Latín America, the Middle East and lastly Africa. The West is, now, no longer able to get free resources or labor or land, to support its dominance over developing countries, or the Global South in general.

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