War by other means john pilger
The issue of Third World debt is taken up by John Pilger in War by Other Means, which reveals that the money owed to the rich world by the Third World is far....
War By Other Means is a documentary film by John Pilger and David Munro.
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War By Other Means is a 1992 documentary film by John Pilger and David Munro. In this documentary Jon Pilger points out that in the year of Live Aid in 1985 Africa gave twice as much to us as we gave to them.
On Red Nose Day the 12m raised by the public came back in interest payments on loans. Developing countries pay more interest on loans then they ever receive in international aid.
Pilger sees the debt system as a form of war:
“In many ways it’s like a colonial war.
John Pilger and David Munro examine the policy of First World banks agreeing loans with Third World countries, who are then unable to meet the crippling.The difference is that these days people and their resources are controlled not by Viceroys and occupying armies but by other, more sophisticated means of which the principal weapon is debt.”
Pilger traces the international debt system back to Bretton Woods in 1944 where the IMF and World Bank were formed.
The documentary looks at the effects of this system on the Philipines.
44 per cent of the Philipines national budget goes to paying interest on foreign debt. Th