Debt is political: Why wealth flows from poor to rich

How does the structure of the international financial system cause a drain of wealth from the poor to the rich? Political economists Radhika Desai and Michael Hudson discuss the politics of debt. VIDEO (with the charts): https://www.youtube.com/watch?v=9Bu9dHGRpmE Read the transcript (with the charts) here: https://geopoliticaleconomy.com/debt-politics-wealth-flow-poor-rich This is part of the show Geopolitical Economy Hour. You can watch other episodes of the program here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP