• @sinovictorchan
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      141 year ago

      If China is dominating the global trade, then the USA will suffer greatly since the USA depends on free riding over the Global South through the Bretton Wood institutes like World Bank and International Monetary Fund. The USA need puppet financial institutions like the Bretton Wood institutes to force the global south governments to abandon their own for-profit private firms in favor of dependency to foreign firms from NATO countries, to stop protectionist policies in industries that the NATO countries excel in even as the NATO countries enforce protectionist policies on industries that Global South countries excel in, and to forcely reduce the social spending of Global South government so the public sector of the Global South countries will depend on non-government organizations that are funded by governments from NATO countries. France would also not be able to collect colonial tax from their former colonies as ‘repayment’ for the development of the countries that were already developed before European colonization.