• Socialism_Everyday@reddthat.com
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    10 days ago

    Norway doesn’t produce cocoa beans. Norway doesn’t produce cotton, or bananas, or iron ore, or cobalt, or gold, or most basic raw materials you need to run a society. Neither do Spain, or Germany, or France, or the USA. Instead, these countries focus on the production of high value-added goods and services, which they can do because they are historically highly industrialized, developed, and have high levels of education, infrastructure and concentration of productive capital.

    In this manner, Germany imports iron ore from poor countries in the global south at low prices, and exports cars at high prices. In the international market, therefore, one hour of German/French/Norwegian work is exchanged often for tens of hours of work from India, or Congo, or Mexico. This is unequal exchange, and is the pillar of neocolonialism.

    Through political, economical and military powers, the western world has ensured that the global south remains underdeveloped. IMF predatory loans and neoliberal policy impositions, support for fascists or monarchists, coups, or outright military invasions are some of the most common tools the west uses to maintain these countries underdeveloped and with cheap labor.