Third world countries and indirect debt slavery

in hive-175254 •  4 years ago 

In the past, countries attack themselves to claim they were supreme and stronger. Larger and stronger nations defeated smaller and weaker nations and then the supremacy thing and world power thingy continued but one thing wasn’t good with this method, a lot of people and properties were lost on both sides, the winner and the loser. This form of supremacy takeover actually often happened with countries that were powerful in long before so many third world countries were founded and then another method has to be used for third world countries. Indirect slavery and colonialism.

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Least Developed Countries or third world countries are countries that aren’t civilized and opened to lots of technology and economic growth. One amazing thing that developed countries do to enslave this least developing countries is DEBT. Almost all countries in Africa are least developed countries while the rest are developing countries, which gives a lot of developed countries who want to increase their supremacy, power and extend their alliance an opportunity to enslave them.

How do first world countries enslave third world countries?

Unlike in the past where guns and bombs were used to judge the winner and who rules, now it is called indirect slavery. The process of enslaving a person or nation without their notice. Do not forget that most underdeveloped or least developed countries are countries rich with untapped resources but no money, giving the government or companies coming from first world countries a reason to invest in third world countries into large infrastructure which cannot be afforded by the government after which the first world countries decides to take their resources back as a method of payment. The work isn’t completed soon as the first world countries want the third world countries to be independent of their indirect slavery.

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Also, when first world countries talk to third world countries about economics, they always lay emphasis on inflation. They tell people that inflation is good for the currency whereas hyperinflation reduces the value of the currency to something ridiculous thereby not allowing the least developed countries have enough funds to pay for projects and loans granted to them.

With indirect slavery, countries in debt see first countries who borrow them the money as saviors instead of the old way of taking over countries where the first world countries as seen as enemies. Instead of waging wars and destroying properties, the first/ developed countries come with things like good education, clean water, education, infrastructures (rail, roads, ports and so on), electricity and so on. The underdeveloped countries are made to see what their countries would look like in 20 years if they had access to the things being brought in by the first world countries, this things are written in a lot of jargon. The politicians of least developing countries tend to have no choice as they want to improve their economy while they steal public funds. The developed countries give loans to underdeveloped nations, the underdeveloped nations hire companies from developed nations and then pay the money back to the developed nations while the countries who lent the money out enjoy the resources and other means of payment from the underdeveloped nations, thereby keeping them in debt and slaves.

Are you in an underdeveloped country or a developing country, is your country in debt to a first world country that is just milking your resources? Let me know in the comment below.

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I have once read a review about the way third world countries getting into huge debts and those civilized nation's in turn get away with huge resources from the country.

@gbenga underdeveloped countries are now facing the economic meltdown beauase of the covid-19 situation all the trade has been disrupted which causes a huge meltdown in the small people.

In my opinion, the economic situation of underdeveloped countries will depend directly on how their rulers manage their country's income. Although it is true that developing countries only invest large amounts of money for the (benefit of) poverty-stricken countries; "only if the return on their capital is even greater". It is also true that if those who manage the monetary funds of a country with a bad economy make the right decisions and focus their efforts on making changes for the better, surely the situation in many underdeveloped countries would be different. Such is the case of Venezuela, a country that had enormous income from oil revenues; the perfect opportunity to invest in education, health, medicine, technology, production and so many other things and thanks to the terrible management of our rulers, today all its citizens are suffering the consequences of a very serious economic situation.

You are very right, most developed countries seek to take advantage of underdeveloped countries, I think it has always been so, usually the rule n says that no one helps anyone without wanting something in return, because the truth I think is a little true. Maybe it doesn't apply to everyone, but it does to a large majority. And unfortunately poor countries have always or almost always had to give in to these big countries and let them exploit their wealth.

In my opinion, bad leadership has been a major contributing factor to this slavery, some of this under develop countries have issues of bad leadership and high level of corruption, some of them obtain loans from rich countries and they fail to use it for the purpose of which it had been obtained instead it ends up in the pocket of some leaders of the country and at the end of the day when the loan should be paid back there will be nothing to pay.

Modern indirect slavery is something that has grown thanks to greed and corruption from leaders. It is understandable that corruption is like cancer eating deep into third world countries and this is one of the major reason for slavery.

I live in an underdeveloped country, my country is indebted to several countries as I understand, but I think that the most serious thing comes from the rulers, if the governments used the debt money well it would be a great benefit for all.

This is the problem of living in an underdeveloped country (debt) and we get swallowed in it as the developed countries want to milk our resources dry. US is in debt to china but china doesn’t hold any of its resources but if a third world country does this, the resources goes for it.

It's sad but it's true, hopefully one day things will change