Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones episode artwork

EPISODE · Oct 10, 2023 · 59 MIN

Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones

from Geopolitical Economy Report · host Ben Norton

All the debt in the world is three-and-a-half times the size of the global economy: 349% of GDP, or $37,500 per person on Earth. It is unpayable. But poor countries are forced to pay high interest rates to rich bondholders on Wall Street, while Western vulture funds profit. Journalist Ben Norton analyzes the deeply unequal international financial system. VIDEO: https://youtube.com/watch?v=WRkhWQ0sRn4 Watch the first part here - "A huge debt crisis is coming": https://youtube.com/watch?v=Ib3QOBbQR2g

Episode metadata supplied by the publisher feed · Published Oct 10, 2023

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Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones

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