Topic: International Monetary Fund

1 chapters across the catalog

12: White Guilt
28:50 - 34:27

12: White Guilt

Debt Traps and the Global Exploitation Process

John Perkins explains the mechanics of the "economic hitman" process, where the World Bank issues loans for infrastructure projects that primarily benefit Western corporations while leaving host countries in unpayable debt. The hosts compare this to the financial crisis in Greece and modern Chinese operations across Africa. They suggest that local elites, or the "boulé," often facilitate these deals at the expense of their own populations.