The West Is Suffocating the Global South With Debt

Recent aggressive interest rate hikes have not solved the persistent inflation that economies have been experiencing. Indeed, the actual causes of inflation—supply chain disruptions and spikes in commodity prices—have currently lessened, and while speculation trading, which has exacerbated issues like global food insecurity, has waned, the Global South is facing the effects of the Western-led response, suffocating it with [...]