The economics of imperialism: Can the Global South resist Western exploitation? Can China help?
The world economy is structured in an unjust way in which the West drains the wealth of the Global South. Ben Norton discusses the economics of imperialism, and how China has tried to reverse it. VIDEO: https://youtube.com/watch?v=PlAN5-Lk0hw China is ‘world’s sole manufacturing superpower’, with 35% of global output: https://geopoliticaleconomy.com/2024/01/31/china-world-manufacturing-superpower-production Topics 0:00 Global inequality 3:01 World-systems analysis 4:37 Prebisch-Singer thesis 6:55 Dependency theory & commodity supercycles 8:27 Unequal exchange 11:01 Haiti & Honduras: Wage suppression in the periphery 13:57 New International Economic Order 15:22 China & the Asian Tigers 19:27 The Global South rebels 22:41 South Africa's President Ramaphosa on industrialization 25:13 Indonesia's economic development 26:34 (Neo)colonialism in Indonesia 29:29 Indonesia bans raw mineral exports 32:18 Protectionism (for the West, not for the rest) 37:38 China helps Indonesia industrialize 42:04 The myth of Chinese "imperialism" 43:04 India's economy vs. Indonesia's 46:41 China's South-South integration 49:33 Outro