A new Third World debt crisis? The need for system change
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Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss the growing debt crisis in the Global South and the need for forgiveness and sys...

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soviet style capitalism

What did she mean by this.

Also the vague jabs about the yuan the other hosts pushed back on. ??? Ma'am

More background on this subject and Pettifor appreciated. Just getting into all the based woke libs like Stiglitz and Ha-Joon Chang

We speedrunning

  • TrueAnonReposter [he/him]
    ·
    1 year ago

    I think they will not make any loan, even in combination with the World Bank, unless they’re guaranteed against losses.

    This is not capitalism. For me, this is Soviet style economics. And I hope people aren’t too insulted by that.

    But under Soviet style economics, the capitalists of those days were protected wholly by the state, by ordinary Russians. They were not allowed to make losses. So we’re back in that.

    So I call this Soviet style capitalism really, to mock it really, because it’s a pretense at so-called free market capitalism. So that was one point I wanted to make.

      • TrueAnonReposter [he/him]
        ·
        1 year ago

        I don't see how the idea of financing development of a green belt across africa under the control of a group of NATO countries can be called soviet in any sense because of the demand for it to be a profitable venture. The context makes it insane