It’s a term that seems almost designed to reinforce the idea of American exceptionalism and the spread of neoliberalism. Lmao, World Bank is even trying to get rid of the term. Hey, World Bank, let’s just start calling them “exploited countries.”
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They're called "developing" countries, because that makes it seem like foreign capital investment is developing those economies, instead of a reality where much more is pulled out than added.
At the Comedy Club:
I can't stand the term "developing countries."
But hey, its the only way to get the Libertarians to pay attention...
Yeah, let's just call them "market states" like Phillip Bobbitt would have wanted.