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76(P) - The Caribbean Debt Trap w/ Tamanisha John (Patreon)

Published:
2019-03-10 16:56:01
Imported:
2026-06
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Content

Tamanisha John (@TamanishaJohn), Ph.D. candidate of International Relations at Florida International University, joins us to discuss the Caribbean debt trap. Dependency theory as a way to understand debt relationships. The historical development of exploitative debt in the Caribbean. Why nobody thinks the IMF is good. Canadian banks' aggressive colonisation of the Caribbean despite its 'nice' image. The importance of debt cancellation to anti-imperialism.

Comments

BearClaw

All makes sense now... In 2007, I backpacked through Central America and noticed lots of Novia Scotia banks. One in Punta Gorda, Belize stuck out to me particularly. Juxtaposed to the sleepy Caribbean town with a Garifuna culture, its bright red corporate logo disgusts the eye. City government hould've asked them to change their logo like McDonalds did in Sedona, AZ or Taos, NM. Maybe swap the red for Caribbean Blue. ;)

Joel Smith

I love these Sunday shows

Eric Osgoood

Have been a patron for a little over a month, this is among the best $ i have spent - smart, balanced (but reliably left) takes with excellent guests on important global issues that dont rhyme with 'ronald dump' or 'prussia.' thanks michael.

Joel Smith

Yo Michael. Why don’t you go ahead and e mail me whatever you have written for your book so far. I can’t wait anymore. You and Burgis got me more excited bout your book

Ukulayme2

Great segment. Other than debt forgiveness, how exactly does a county establish economic sovereignty?

Bijou Smith
>>20649866

Hmmm, you do paint a depressing picture there! But nothing like this is forever. Unless the locals really like McD's, I'm pretty sure in a few decades from now there will be home grown fast food instead of the burger clown. It doesn't take much to make people, even tourists, sick of McD's.

Bijou Smith
>>20669639

One critical thing is to give them subsidies and place massively high tarriffs on exports of raw goods, so that the country has incentive to manufacture domestic value added goods. When natural material wealth is exported and then the poor nation has to import back all that material in the form of processed goods, it's crippling for them. If you are serious about levelling playing fields this has to be done. Instead we live in opposite world where wealthy nations like the USA are using tarriffs as if they were poor. Also, back before the USA snuffed out Breton-Woods, the poorer nations were developing their own international development banks. That project needs rekindling so that no nation needs to borrow in US dollars.