Debt: How Companies Make Money Enslaving Third Word Countries
Debt: How Companies Make Money Enslaving Third Word Countries was greatly inspired by the video by Jake Tran. A YouTube content creator that came up with the video shared above.
In the video, Jake describes how companies take over third-world countries without firing a single shot. All through debt.
Debt is described simply as a sum of money that is owed or due.
With the recent events in Kenya concerning citizens rallying up against the International Monetary Fund (IMF) issuing more loans to the Kenyan government to help with the Covid-19 pandemic, this topic could not be more relevant.
In the video above, it is discussed how foreign companies, largely owned by first-world companies, take advantage of developing countries needs to make immense amounts of profit.
Watch the video and share your thoughts on the matter in the comment section.