this post was submitted on 23 Aug 2025
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chapotraphouse
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In the case of the US they really don't mind whether they gain it back or not, since the USD is the global reserve currency the US federal reserve and banks can create as much money as they want and the Global South needs the dollars so much that they'll provide the labor and resources necessary for that money to have value.
Sorry to MMT post but I think it's especially ironic in this context, because it means Global South labor is exploited to produce bombs that kill Global South workers.