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?

  • BagOfBugs [he/him]
    ·
    edit-2
    1 year ago

    Bingo the low-income countries get minimum development

    Hence why railways in africa only like run from extraction region of country to port to facilitate their trade with countries outside africa

    That's why china's investment is resulting in the first railway development places have seen in literally 100 years