By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml · 4 months ago

By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.

darkernations@lemmygrad.ml · edit-2 4 months ago

A lot of us here were liberals (both "left wing" and right wing) once.

Imperialist appropriation in the world economy: Drain from the global South through unequal exchange, 1990–2015 (60 min read)

https://www.sciencedirect.com/science/article/pii/S095937802200005X

Rich countries rely on a large net appropriation of resources from the global South. Drain from the South is worth over $10 trillion per year, in Northern prices. The South’s losses outstrip their aid receipts by a factor of 30. Unequal exchange is a major driver of underdevelopment and global inequality. The impact of excess resource consumption in the North is offshored to the South.

Understanding Unequal Exchange: How does trade imperialism affect the global working class? (20 min read)

https://anticonquista.com/2021/05/19/understanding-unequal-exchange-how-does-trade-imperialism-affect-the-global-working-class/

"You cannot resist for very long a truth you discover for yourself." - NC

By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.

By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.

China vs. America: The Geopolitical Olympics