World

🚨 Global South scholars have said it for decades — now influential economists Thomas Piketty confirms it with 225 years of data: In a brilliant new paper with Gastón Nievas, Piketty traces 225 years of global trade, finance, and foreign wealth to show what many have long known: 👉🏽 What we call “development” is often just unequal exchange. 💥 The Global North didn’t get rich through fair trade — it got rich through colonial transfers, coerced labor, and rigged prices. ⸻ 🔍 Key findings: 1️⃣ Colonial extraction powered Europe’s rise. From 1800–1914, Europe ran persistent trade deficits — but still accumulated over 30% of global GDP in foreign wealth. How? Through tribute payments, forced tax transfers, and income from colonial holdings. 2️⃣ Today’s economy runs on the same logic. East Asia (esp. China, Japan) now plays the surplus game. The U.S. runs massive deficits, financed by financial hegemony. Meanwhile, the Global South continues to export cheap raw materials, often produced via forced labor and unsustainable debt. 3️⃣ Invisible flows distort the story. Colonial powers got rich not by exporting more, but by extracting more — through services, profits, and interest from the periphery. 4️⃣ It didn’t have to be this way. A 20% rise in commodity prices in the 19th century would have reversed the flow of wealth, turning Africa, Asia, and Latin America into creditors — and Europe into a debtor. 5️⃣ Colonial drain > modern aid. India’s transfers to Britain. Haiti’s debt to France. These weren’t small injustices — they were global-scale theft, still unpaid. ⸻ 📣 The authors call for bold structural change: ✅ A global clearing union ✅ A tax on excessive trade surpluses ✅ IMF reform that puts real power in the hands of the Global South 💡 The most striking insight? Small shifts in trade rules or prices could have created real convergence. But we didn’t let it happen. Because the system wasn’t broken — it was designed like this. Unequal exchange, colonial extraction, debt traps, and forced labor aren’t historical anomalies. They’re built into the architecture of trade, finance, and global governance. Markets didn’t fix it. Growth didn’t fix it. “Development” didn’t fix it. Because the system was never designed to correct — only to extract. Until we confront that, inequality isn’t a bug. It’s the business model. Now we have the data. And no more excuses. The graphic is an adaption of the amazing illustrator polyp.org.uk - the adaption was approved by illustrator. Check out his work here - https://polyp.org.uk | 280 comments on LinkedIn

Just like the ongoing mass atrocity we are witnessing in Gaza, this fondness for rape is just one of the many, many symptoms of the injustice and abusiveness that the state of Israel is founded on …

The governing ideology of the far right has become a monstrous, supremacist survivalism. Our task is to build a movement strong enough to stop them

Transcript of remarks delivered to the 2025 Civitas Canada Conference, Ottawa, May 3, 2025

Today, President Donald Trump implemented his new range of tariffs on US imports called reciprocal tariffs.  In addition to those announced last Wednesday (Liberation day), Trump included an extra …

Tariffs are taxes that: 1) raise revenue for the country imposing them that both the foreign producers and the domestic consumers pay (how much paid by each depends on their relative elasticities), which makes them an attractive tax 2) reduce the global efficiencies of production 3) are stagflationa

At this moment, a huge amount of attention is being justifiably paid to the announced tariffs and their very big impacts on markets and economies while very little attention is being paid to the circumstances that caused them and the biggest disruptions that are likely still ahead. Don't get me wron

In Technocracy Ascending Part 3, the dots were connected linking together technocracy, UN Agenda 2030, and the environmental movement. This installment investigates how technocracy is encroaching u…

Edelman’s TRUST BAROMETER REPORT 2025 was released a few hours ago at #WEF in Davos and it’s more insightful than ever. Especially around the amount of…

Οι λόγοι για την ένταση και τις συγκρούσεις στη Μέση Ανατολή.

Επί μήνες άνδρας επιχειρούσε με τις ειδικές δυνάμεις του ισραηλινού στρατού στη Γάζα χωρίς να είναι μέλος του IDF - Βαριά οπλισμένος αλλά με απαλλαγή από το στράτευμα έχει φωτογραφηθεί ακόμη και με το Νετανιάχου

Αλεξάντερ Ντούγκιν Στη Μέση Ανατολή εκτυλίσσεται ο πιο αληθινός πόλεμος. Μετά την τρομοκρατική επίθεση του Ισραήλ με τη χρήση οικιακών

the revelation by former Israeli Prime Minister Ehud Barak on the motivations behind Benjamin Netanyahu's push for Middle East conflict

A shadow world of secret wealth now threatens us all. We need to shut it down, argues Anne Applebaum

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As expected, the St. Petersburg International Economic Forum was the hottest anti-globalist multipolar traditional RETVRN values conference of 2024—possibly of all-time. The unipolar world suffered…

A new group of Muslims have had enough

In-depth: Since the beginning of the war on Gaza, Israeli soldiers have been openly posting videos of themselves committing war crimes on social media.

Benjamin Netanyahu hasn’t won over President Joe Biden, although in January he claimed he could. However, he did win the duel by preventing the White House from opposing his policies. Before our very eyes, he refuses to obey the UN Security Council and the International Court of Justice. He practices ethnic cleansing in both Gaza and in the West Bank. Even if it wanted to, no one could do anything to stop its crimes.

is this because we lead the world in pharma donations to politicians?

And would it help the Right gain power?

Josep Borrell makes explosive claim right before Israeli foreign minister arrives in Brussels on Monday.

Εφερε επανάσταση στην αντιμετώπιση του διαβήτη τύπου 2, αλλά τελικά προκάλεσε φρενίτιδα ως θαυματουργό σκεύασμα για την απώλεια κιλών και εκτόξευσε την αξία της δανέζικης φαρμακοβιομηχανίας Novo Nordisk κοντά στα 400 δισ. - Μπορεί άραγε μια πυρκαγιά να ανακόψει τη φρενήρη πορεία του φαρμάκου;

Με κομμένη την ανάσα παρακολουθούν στο Ιράν, αλλά και σε ολόκληρη τη διεθνή κοινότητα, το θρίλερ που βρίσκεται σε εξέλιξη τις τελευταίες ώρες με την εξαφάνιση του ελικοπτέρου, το οποίο μετέφερε τον Ιρανό πρόεδρο και τη συνοδεία του σε περιοχή του Αζερμπαϊτζάν.