Thursday 3 July 2008
Payments on Third World debt require more than $375 billion a year, twenty times the amount of foreign aid that Third World countries receive. This system has been called a ‘Marshall Plan in reverse,’ with the countries of the Global South subsidizing the wealthy North, even as half the world’s population lives on less than $2 a day. How does such a failed system maintain itself? Simply put, Third World countries are caught in a web of control — financial, political, and military — that is extremely hard for them to escape, a system that has become ever more extensive, complex, and pervasive. The Marshall Plan in Reverse ☀
