Whenever the West says some old scheme is a thing of the past, you know they've just moved on to a more PR friendly version of the same. Colonialism is probably the prime example. Instead of exploiting people at the barrel of a gun, they now do it at the barrel of US Dollar denominated debt. Even resource rich and prosperous countries like Sri Lanka can't escape the terrible logic, once corrupt elites sign the contracts that kick-off debt-trap spirals of doom.

Today I’m talking to Dr. Darini Rajasingham-Senanayake. Darini earner her PhD from Princeton University and Is now a social and medical anthropologist with research focus on international development and political economy. She is also a prolific writer in several online outlets on the politics of South Asia and especially her native Sri Lanka. She often points out the neo-colonial structures and the many regime change operations that have been economically and politically devastating her part of the Eurasian continent.


Links:
Article: https://www.colombotelegraph.c....om/index.php/facades

Goods Shop: https://neutralitystudies-shop.fourthwall.com

The World Bank has warned that Nigeria’s poverty levels are rising fast and will likely get worse in the coming years. A high cost of living and poor wages have eroded earnings and plunged millions into poverty. And the situation isn't helped by the government's decision to end decades of petrol subsidies.

Al Jazeera’s Ahmed Idris reports from Dan Tawaya, northwest Nigeria.

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Africa is rich—rich in copper, oil, gold, diamonds, and people. But its wealth flows out while its people remain in poverty.

Stealing Africa
Release date: November 28, 2012 (Finland)
Director: Christoffer Guldbrandsen
Writer: Niels Borchert Holm
Stars: Christoffer Guldbrandsen, Bernhard Elsener, Ivan Glasenberg
Country of origin: Denmark
Language: English
Also known as: Plundringen av Afrika
Filming locations: Rüschlikon, Horgen, Kanton Zürich, Switzerland
Production companies: Guldbrandsen Film, The Why Foundation

Stealing Africa explores the mechanisms that keep the continent poor long after the end of formal colonial rule—revealing how modern multinational corporations, global tax havens, and unjust trade systems continue to extract resources and wealth on a massive scale.

At the center of the story is Zambia, home to the third largest copper reserves in the world, yet a country where 60% of the population survives on less than $1 a day and 80% are unemployed. Meanwhile, in the idyllic Swiss village of Rüschlikon, local government coffers overflow thanks to one resident: Ivan Glasenberg, CEO of Glencore, a commodities giant whose Zambian copper mines generate billions—but almost no tax revenue for Zambia.

Through extensive research and access to public financial records, the documentary uncovers how multinational corporations legally avoid paying taxes through transfer pricing, offshore shell companies, and favorable tax treaties. The result? For every dollar in aid Africa receives, ten dollars quietly vanish—spirited away through financial flows that benefit corporations and wealthy nations.

Stealing Africa is not just a film about economics—it’s about power, inequality, and accountability. It lays bare the modern architecture of plunder and asks the crucial question: What does it mean to be "post-colonial" when the money still flows in the same direction?

Produced by Steps International, this documentary is part of the “Why Poverty?” series and remains a vital watch for anyone interested in global justice, development, and the real cost of globalization.

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Africa is a continent rich in natural resources with a young population. African nations in theory have the potential to transform their economies. But many of them are facing mountains of debt.

Africa’s external debt climbed to more than $650bn last year.

More than half of African countries are either in debt distress or teetering on the edge. But credit restructuring is painstakingly slow, and many governments end up spending more on servicing their debt than on healthcare or education.

The debt problem has plunged many nations into economic crisis with rising unemployment and poverty.

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#africa #economy #aljazeera #debt #unemployment #poverty #aljazeeraenglish #aljazeeranewslive

Chinese university students contribute over $14 billion a year to the US economy. But Chinese families are increasingly choosing to either study in China, or to other countries.

This shift is deepening the fiscal crises in American higher education, which also suffers from a steep decline in US student populations.

US universities are heavily recruiting students from India and Africa, in the hope to make up for shortfalls in Chinese enrollments. And briefly, this strategy seemed to work. A surge in students from India pushed China into second place, as a leading country of origin for US international students.

But that was short-lived. Indian enrollment in the past year plunged, with 99,000 fewer students. Nigeria also saw double-digit percentage declines in just a one-year period.

A more serious problem, however, exists in the financial commitments of the students' families. Chinese students cluster in the most highly-ranked, and most expensive, US university programs. In comparison, Indian and especially Nigerian students tend to attend far lower-cost programs.

Closing scene, Detian Waterfall, near Nanning, Guangxi

Resources and links:

LA Times, Why Chinese students still want to attend U.S. universities
https://www.latimes.com/world-....nation/story/2025-02

Interest in studying in US dropped 42% in January
https://www.universityworldnew....s.com/post.php?story

There are already 130,000 fewer international students in the US. Has anyone noticed?
https://distributedprogress.su....bstack.com/p/theres-

Already facing Trump administration cuts, US colleges risk losses from another revenue source: foreign students
https://www.cnn.com/2025/04/18..../us/international-st

SEVIS Data Shows Declining Number of International Students in the United States
https://www.aau.edu/newsroom/l....eading-research-univ

Wall Street Journal, Chinese Students on U.S. Campuses Are Ensnared in Political Standoff
https://www.wsj.com/politics/p....olicy/china-us-stude

Tracking College Closures and Mergers
https://www.bestcolleges.com/r....esearch/closed-colle

The Demographic Cliff: What It Means for College Admissions and Higher Education
https://www.applerouth.com/blo....g/the-demographic-cl

US: New survey shows international student recruitment shifting to India in 2023
https://monitor.icef.com/2023/....07/us-new-survey-sho

Why the Next Wave of International Students May Come From Africa
https://www.bestcolleges.com/n....ews/wave-of-internat

Shout out to @rushasare For this awesome video which warns the Diaspora about investing in Real Estate in Ghana. While moving back to an African Country can be a blessing, it can also be risky
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