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| Name | Ask Prof Wolff: Global South - Breaking the Cycle of Foreign Debt |
| Video Uploader | Video From Democracy At Work |
| Upload Date | This Video Uploaded At 16-11-2022 13:00:24 |
| Video Discription | ***Help us reach 300,000 subscribers! We are very close to reaching this important milestone but need your assistance. Please like, subscribe, and share these videos with friends and family. Thank you for your support! A Patron of Democracy at Work asks: "My question is regarding global south countries that are (1) highly indebted to foreign institutions like the IMF, and World, other countries and are stuck in a debt trap, and (2) are highly dependent on remittances from expat workers, as well as exports to meet their balance of payments problems. Just to meet their debt servicing commitments they end up having to borrow more. How can these countries escape their balance of payments problem? Does either increasing local taxation of working classes or the local elite help? If not, then what would?" This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwork/community. Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/democracyatwork. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible. _________________________________________________________________________ Check out the 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Visit: https://www.lulu.com/en/us/shop/richard-d-wolff/understanding-marxism/hardcover/product-7zr2y4.html?page=1&pageSize=4 “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democracyatwork _________________________________________________________________________ Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon: https://www.patreon.com/democracyatwork Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Daily Motion: https://www.dailymotion.com/democracyatwrk Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop our worker CO-OP made MERCH: https://democracy-at-work-shop.myshopify.com/ |
| Category | News & Politics |
| Tags | Richard Wolff | democracy | work | labor | economy | economics | inequality | justice | capitalism | capital | income | wages | poverty | yt:cc=on | wealth | socialism | Global South | debt | debt crisis | IMF | world bank | indebted | remittances | Asia | Africa | Latin America | borrowing |
