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Home»Posts tagged with»mmoney

$152 Trillion. That’s How Much Wealthy Countries ‘Drained’ From the Global South Since 1960

By Kenny Stancil | Common Dreams on May 6, 2021   Featured, National/World, World  

$152 Trillion. That’s How Much Wealthy Countries ‘Drained’ From the Global South Since 1960

“Poor countries are developing rich countries, not the other way around.” Capitalist powers have drained $152 trillion from the Global South since 1960, according to new peer-reviewed research quantifying the reproduction of inequality on the world scale. In an Al Jazeera essay written Thursday, three social scientists—Jason Hickel, an economic anthropologist at the University of London; Dylan Sullivan, […]

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