This is just like every white who loves capitalism over Socialism. They don’t see the world outside of their green gardens which were built after stealing everything from others gardens and then setting them on fire.

HMMMMM HOW DID ALL THE NICE THINGS END UP IN THE IMPERIAL CORE?

even in their perfect world, they invent one which has major flaws because all they know is capitalism and they have been propagandized against every other form of economics and governance

how depressing, honestly

also, as the title says, their preferred form is literally impossible to implement everywhere because first-world countries achieve what they do because of mass exploitation of developing countries. it’s a comforting lie to imagine that America is being supported by a core of hard-working, bootstrap-pulling inventors and entrepeneurs, that the West achieved almost everything because of some elbow grease and willingness to be imaginative and develop unlike those people over there (“you see, if you look at their skull shapes…”), but it is a lie nonetheless. the West siphons off trillions upon trillions of dollars worth of goods and resources from the developing world into their gaping maws and the entire arrangement would catastrophically collapse overnight if some deity came down and forced the United States to have non-exploitative relationships with other countries (or, slightly more realistically, if all developing nations rose up in revolution against the Western imperialists).

the suffering of billions is invisible to these people, because it must be or their world views would collapse.

In 2012, the last year of recorded data, developing countries received a total of $1.3tn, including all aid, investment, and income from abroad. But that same year some $3.3tn flowed out of them. In other words, developing countries sent $2tn more to the rest of the world than they received. If we look at all years since 1980, these net outflows add up to an eye-popping total of $16.3tn – that’s how much money has been drained out of the global south over the past few decades. To get a sense for the scale of this, $16.3tn is roughly the GDP of the United States.

What do these large outflows consist of? Well, some of it is payments on debt. Developing countries have forked out over $4.2tn in interest payments alone since 1980 – a direct cash transfer to big banks in New York and London, on a scale that dwarfs the aid that they received during the same period. Another big contributor is the income that foreigners make on their investments in developing countries and then repatriate back home. Think of all the profits that BP extracts from Nigeria’s oil reserves, for example, or that Anglo-American pulls out of South Africa’s gold mines.

But by far the biggest chunk of outflows has to do with unrecorded – and usually illicit – capital flight. GFI calculates that developing countries have lost a total of $13.4tn through unrecorded capital flight since 1980. Most of these unrecorded outflows take place through the international trade system. Basically, corporations – foreign and domestic alike – report false prices on their trade invoices in order to spirit money out of developing countries directly into tax havens and secrecy jurisdictions, a practice known as “trade misinvoicing”. Usually the goal is to evade taxes, but sometimes this practice is used to launder money or circumvent capital controls. In 2012, developing countries lost $700bn through trade misinvoicing, which outstripped aid receipts that year by a factor of five.

Multinational companies also steal money from developing countries through “same-invoice faking”, shifting profits illegally between their own subsidiaries by mutually faking trade invoice prices on both sides. For example, a subsidiary in Nigeria might dodge local taxes by shifting money to a related subsidiary in the British Virgin Islands, where the tax rate is effectively zero and where stolen funds can’t be traced.

GFI doesn’t include same-invoice faking in its headline figures because it is very difficult to detect, but they estimate that it amounts to another $700bn per year. And these figures only cover theft through trade in goods. If we add theft through trade in services to the mix, it brings total net resource outflows to about $3tn per year.

That’s 24 times more than the aid budget. In other words, for every $1 of aid that developing countries receive, they lose $24 in net outflows. These outflows strip developing countries of an important source of revenue and finance for development. The GFI report finds that increasingly large net outflows have caused economic growth rates in developing countries to decline, and are directly responsible for falling living standards.

The aid narrative begins to seem a bit naïve when we take these reverse flows into account. It becomes clear that aid does little but mask the maldistribution of resources around the world. It makes the takers seem like givers, granting them a kind of moral high ground while preventing those of us who care about global poverty from understanding how the system really works.

all in all: this is what never reading a word of theory does to a mfer.

Wait is goat a mod on shit just works? Is that why they aren’t banned yet?

Ban them anyway they’re a ghoul