This is a tricky one.

People know the neoliberals are screwing countries with austerity, with debt & interest. That's easy to see.

But Foreign Direct Investment (FDI) is a key to the neoliberal Washington Consensus and it's harder to argue against. It's also a big part of Deng's reforms.

So what would you say to someone who says that global capitalism is good because it helps develop countries by direct investment?

  • hector_titucius [he/him]
    ·
    1 year ago

    So what would you say to someone who says that global capitalism is good because it helps develop countries by direct investment?

    I would politely but insistently ask them for examples of which countries capitalism developed. Specifically.

    • Vampire [any]
      ·
      1 year ago

      India, China, Korea, Japan, Taiwan, Vietnam, Thailand, Poland, Ireland. Singapore is perhaps the best example.

      List here: https://en.wikipedia.org/wiki/List_of_countries_by_received_FDI

      That doesn't really get at the question, which is what should the leftist understanding of this be.