xiaohongshu [none/use name]

You might be interested in the following lectures about the financialization of healthcare through the International Finance Corporation (IFC) which is an arm of the World Bank:

Part 1: Marco Angelo

Part 2: Maria Jose Romero

Part 3: Sarah Hughes-McClure

Part 4: Felix Stein

The short version is that you’re dealing with finance capitalists who have a lot of profit to make by financializing the healthcare sector of peripheral countries, whereas Michael Hudson was talking about industrial capitalists who wanted to maximize profit through industrial labor. These two are diametrically opposed to one another and their oppositions can manifest in the Global South as well.

Many Global South countries have better nationalized, cheap and affordable healthcare and education than the US.

Privatization is the only way for foreign capital to control the industrial assets of the peripheral countries.

Otherwise these sovereign countries would own all the production and resources and would refuse being exploited by Western imperialism!

Even today, 40% of China’s export earnings go to foreign owners. That’s the deal you make with the Devil. And the reason why nobody in China thought the US would start a trade war with China, until Trump actually did in 2018.