What has capitalism done to the global south?
Is that just a metaphor, or are you literally talking about Australia, New Zealand, South Africa, South America and Antarctica?
Sorry, I’m just a little confused about what you mean.
Global South basically just means underdeveloped/developing nations.
Capitalism results in the rich, mostly in developed countries, extracting resources for low prices and exploiting desperate workers for low wages in developing countries. The developing countries get little in return. Some of these countries have been able to muster some protectionism to mitigate so much transfer of wealth out if their country (such as China). Developed nations have purposely kept some developing nations destabilised to maximize exploitation.
What has capitalism done to the global south?
Is that just a metaphor, or are you literally talking about Australia, New Zealand, South Africa, South America and Antarctica?
Sorry, I’m just a little confused about what you mean.
Global South basically just means underdeveloped/developing nations.
Capitalism results in the rich, mostly in developed countries, extracting resources for low prices and exploiting desperate workers for low wages in developing countries. The developing countries get little in return. Some of these countries have been able to muster some protectionism to mitigate so much transfer of wealth out if their country (such as China). Developed nations have purposely kept some developing nations destabilised to maximize exploitation.
Ah, gotcha.
Just researched a bit and noticed it’s an official term used by the UN.
It just sounds a little weird, as somebody from a southern nation that this doesn’t seem to apply to.
China is also in the northern hemisphere, so it also seems strange that it’s called ‘global south’.
Something like ‘low economic’ would have made a lot more sense to me, but I guess ‘global south’ is the official term.
It’s no different than Australia and NZ being part of “The West”
True. Though that terminology also annoys me, considering we live on a globe.