Sony Thăng@nxt888
The debt system is the cleanest version of the whole operation because it requires no soldiers.
A country gets a loan from the IMF or World Bank, usually in a moment of crisis, often a crisis produced or deepened by prior colonial extraction.
The loan comes with conditions.
Structural adjustment programs.
Privatize your public utilities.
Cut your social spending.
Open your markets to foreign competition.
Devalue your currency.
Remove subsidies on food and fuel.
The local economy, already fragile, is further destabilized by the conditions of its own rescue.
The country cannot repay.
The country gets more loans with more conditions.
The debt grows.
The conditions deepen.
The government, unable to deliver services to its population, faces protests.
The protests are called "instability."
The instability is cited as evidence that the country cannot "manage itself."
"External oversight" is recommended.
More conditions are attached.
The country was never in debt to the bank.
The bank was in debt to the country, for centuries of extracted resources and suppressed development, and found a mechanism to make the creditor pay the debtor.
And called it "aid."
And called it "development."
And called it, with a straight face, "civilization."