How the IMF Debt Trapped Kenya Causing Nationwide Protests

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How the IMF Debt Trapped Kenya Causing Nationwide Protests

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@theHRguy to Late Stage [email protected] • 5 months ago

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Chris Jeffries and Mike from Turn Leftist discuss how the International Monetary Fund (IMF) and Western banks have debt-trapped Kenya, leading to widespread ...

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“𝘊𝘰𝘭𝘰𝘯𝘪𝘢𝘭𝘪𝘴𝘮 𝘪𝘴 𝘯𝘰𝘵 𝘴𝘢𝘵𝘪𝘴𝘧𝘪𝘦𝘥 𝘮𝘦𝘳𝘦𝘭𝘺 𝘸𝘪𝘵𝘩 𝘩𝘰𝘭𝘥𝘪𝘯𝘨 𝘢 𝘱𝘦𝘰𝘱𝘭𝘦 𝘪𝘯 𝘪𝘵𝘴 𝘨𝘳𝘪𝘱 𝘢𝘯𝘥 𝘦𝘮𝘱𝘵𝘺𝘪𝘯𝘨 𝘵𝘩𝘦 𝘯𝘢𝘵𝘪𝘷𝘦𝘴 𝘣𝘳𝘢𝘪𝘯 𝘰𝘧 𝘢𝘭𝘭 𝘧𝘰𝘳𝘮 𝘢𝘯𝘥 𝘤𝘰𝘯𝘵𝘦𝘯𝘵. 𝘉𝘺 𝘢 𝘬𝘪𝘯𝘥 𝘰𝘧 𝘱𝘦𝘳𝘷𝘦𝘳𝘵𝘦𝘥 𝘭𝘰𝘨𝘪𝘤, 𝘪𝘵 𝘵𝘶𝘳𝘯𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘢𝘴𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘰𝘱𝘱𝘳𝘦𝘴𝘴𝘦𝘥 𝘱𝘦𝘰𝘱𝘭𝘦, 𝘢𝘯𝘥 𝘥𝘪𝘴𝘵𝘰𝘳𝘵𝘴, 𝘥𝘪𝘴𝘧𝘪𝘨𝘶𝘳𝘦𝘴, 𝘢𝘯𝘥 𝘥𝘦𝘴𝘵𝘳𝘰𝘺𝘴 𝘪𝘵.” — Frantz Fanon

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐋𝐚𝐭𝐞 𝐒𝐭𝐚𝐠𝐞 𝐂𝐨𝐥𝐨𝐧𝐢𝐚𝐥𝐢𝐬𝐦?

The Ghanian revolutionary Kwame Nkrumah wrote that neocolonialism is the last stage of imperialism, that “𝘧𝘰𝘳𝘦𝘪𝘨𝘯 𝘤𝘢𝘱𝘪𝘵𝘢𝘭 𝘪𝘴 𝘶𝘴𝘦𝘥 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘦𝘹𝘱𝘭𝘰𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘳𝘢𝘵𝘩𝘦𝘳 𝘵𝘩𝘢𝘯 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘭𝘦𝘴𝘴 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘦𝘥 𝘱𝘢𝘳𝘵𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥”.

Many nations including the United States, Canada, Australia, and Israel, and some would argue much of Latin America have been settler-colonial states since their foundation. However much of the world, particularly the global south, exists under neocolonialism whereby western powers and institutions exploit their resources and subjugate the population. Even as countries gain their independence colonialism has not stopped, it has just taken on its final form.

𝐖𝐡𝐲 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐞𝐱𝐢𝐬𝐭?

LateStageColonialism exists as a space explicitly for discussing the atrocities and continuing effects of colonialism and imperialism both in regards to the past and as they continue into the future. This space exists as a form of education and discussion because many people are truly unaware of the harms and atrocities of colonialism, and how it is still immensely damaging today. Many people think that just because today is no longer called the “Age of Colonisation” by western historians that colonialism no longer exists. They are unaware of the concepts of settler colonialism and neocolonialism and how they themselves may be complicit in living on stolen land. This sub is not meant as a debate sub, it is an education and discussion sub for people who will engage in good faith and want to learn. It is also meant as a guiding point for introducing people for the concept of decolonisation and what it may entail.

𝚃𝚑𝚒𝚜 𝚌𝚘𝚖𝚖𝚞𝚗𝚒𝚝𝚢 𝚎𝚡𝚒𝚜𝚝𝚜 𝚊𝚜 𝚊 𝚙𝚊𝚛𝚊𝚕𝚕𝚎𝚕 𝚝𝚘 𝚛𝚎𝚍𝚍𝚒𝚝.𝚌𝚘𝚖/𝚛/𝙻𝚊𝚝𝚎𝚂𝚝𝚊𝚐𝚎𝙲𝚘𝚕𝚘𝚗𝚒𝚊𝚕𝚒𝚜𝚖 𝚊𝚗𝚍 𝚒𝚝𝚜 𝚜𝚒𝚍𝚎𝚋𝚊𝚛 𝚑𝚊𝚜 𝚋𝚎𝚎𝚗 𝚜𝚑𝚊𝚖𝚎𝚕𝚎𝚜𝚜𝚕𝚢 𝚊𝚙𝚙𝚛𝚘𝚙𝚛𝚒𝚊𝚝𝚎𝚍 𝚏𝚛𝚘𝚖 𝚝𝚑𝚎 𝚜𝚞𝚋𝚛𝚎𝚍𝚍𝚒𝚝.

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