#economicsovereignty — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #economicsovereignty, aggregated by home.social.
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🌎 [EN] 🌍✊ In 1972, Allende addressed the UN to denounce transnational corporate power over democratic sovereignty. A landmark speech on economic dependency, nationalization of strategic sectors and peoples’ right to decide. #Allende #EconomicSovereignty #Transnationals
💪 https://pepaloba.org/?lang=en#asociate
✊ https://ecoarglobal.org/en/activist-space -
"To address this problem, Amin called for a process of delinking, which for him contains two key elements:
1) Delink from exploitation by the imperial core. Southern states should end dependence on imports from the core, and end dependence on imperial capital and core currencies, in order to build economic sovereignty and mitigate unequal exchange. Note that Amin was not calling for autarky or isolation; on the contrary, he actively encouraged South-South cooperation and trade as a tactic for overcoming imperial dependencies.
2) Delink from the capitalist law of value. Under capitalism, production is organised around whatever is most profitable to capital (largely, foreign capital). In the South, capital prefers to exploit cheap labour in global supply chains than to invest in technological innovation and industrial upgrading. This inhibits development. Southern governments must overcome this and align production to a new law of value: human needs and national development.
How can delinking be achieved in the 21st century? Some basic principles include the following:
A first step is to reduce imports from the core. This can be achieved by reducing unnecessary imports (luxury goods, etc), while substituting necessary imports where possible with domestic production, or through South-South trade, ideally using swap lines to trade goods outside the US dollar or Euro. Taking this step reduces pressure for exports to the core (and reduces the need for core currencies), and therefore reduces exposure to unequal exchange.
These options are increasingly available to Southern countries now because of China."
https://jasonhickel.substack.com/p/what-is-delinking
#Delinking #PoliticalEconomy #Imperialism #Capitalism #LawOfValue #EconomicSovereignty #Monopolies
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"The real conflict over what kind of economic and political system the Global Majority will have is just gaining momentum.
Global South countries and others have been driven so deeply into debt that they have been obliged to sell off their public infrastructure to pay its carrying charges. Recovering control of their natural resources and basic infrastructure requires the fiscal right to impose an economic-rent tax on their land, natural resources and monopolies, as well as the legal right to recover environmental cleanup costs caused by foreign oil and mining firms, and to implement financial cleanup costs (i.e., write offs and cancellation) of the foreign debt burden imposed by creditors who have not taken responsibility to ensure that their loans can be paid under existing conditions.
U.S. evangelistic rhetoric describes the imminent political and economic fracture of the world economy as a “Clash of Civilizations” between democracies (i.e., countries that support U.S. policy) and autocracies (i.e., nations acting independently).
It would be more accurate to describe this fracture as a fight by the United States and its European and other Western allies against civilization — assuming civilization entails, as it seems it must, the sovereign right of countries to enact their own laws and tax systems for the benefit of their own populations within an international system that has a common set of basic rules and values.
What Western ideologues call democracy and free markets has turned out to be an aggressive rentier-financial imperialism. And what they call autocracy is a government strong enough to prevent economic polarization between a super-rich rentier class and an impoverished population at large, such as is occurring within the Western oligarchies themselves."
https://geopoliticaleconomy.com/2025/07/17/michael-hudson-global-majority-us-financial-colonialism/
#BRICS #USA #Imperialism #FinancialColonialism #PoliticalEconomy #EconomicSovereignty #Rentism #RentierCapitalism
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#Rabble 🇨🇦
#MarkCarney wins but now must present a robust plan for #Canada's #EconomicSovereignty
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How Deregulation Sold Australia’s Wealth
#AusPol, #BankingReform, #EconomicSovereignty, #PublicMoneyDiscover how banking deregulation and foreign capital flows drained Australia’s wealth and sovereignty—and what we can do to reclaim it.
https://socialjusticeaustralia.com.au/deregulation-sold-australias-wealth/
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Imagine being a low-quality and overly narcissistic leader. "Accept our USD or feel our weapon!" Meanwhile, China says, "We have finally found ways to adapt to your market in your local currency. #EconomicInfluence #GlobalTrade #CurrencyWars #Geopolitics #InternationalRelations #TradeAgreements #GlobalEconomy #FinancialPower #DollarHegemony #EconomicSanctions #MarketAdaptation #CurrencyExchange #GlobalMarkets #EconomicSovereignty #FinancialInnovation
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Imagine being a low-quality and overly narcissistic leader. "Accept our USD or feel our weapon!" Meanwhile, China says, "We have finally found ways to adapt to your market in your local currency. #EconomicInfluence #GlobalTrade #CurrencyWars #Geopolitics #InternationalRelations #TradeAgreements #GlobalEconomy #FinancialPower #DollarHegemony #EconomicSanctions #MarketAdaptation #CurrencyExchange #GlobalMarkets #EconomicSovereignty #FinancialInnovation
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Imagine being a low-quality and overly narcissistic leader. "Accept our USD or feel our weapon!" Meanwhile, China says, "We have finally found ways to adapt to your market in your local currency. #EconomicInfluence #GlobalTrade #CurrencyWars #Geopolitics #InternationalRelations #TradeAgreements #GlobalEconomy #FinancialPower #DollarHegemony #EconomicSanctions #MarketAdaptation #CurrencyExchange #GlobalMarkets #EconomicSovereignty #FinancialInnovation
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Imagine being a low-quality and overly narcissistic leader. "Accept our USD or feel our weapon!" Meanwhile, China says, "We have finally found ways to adapt to your market in your local currency. #EconomicInfluence #GlobalTrade #CurrencyWars #Geopolitics #InternationalRelations #TradeAgreements #GlobalEconomy #FinancialPower #DollarHegemony #EconomicSanctions #MarketAdaptation #CurrencyExchange #GlobalMarkets #EconomicSovereignty #FinancialInnovation
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Imagine being a low-quality and overly narcissistic leader. "Accept our USD or feel our weapon!" Meanwhile, China says, "We have finally found ways to adapt to your market in your local currency. #EconomicInfluence #GlobalTrade #CurrencyWars #Geopolitics #InternationalRelations #TradeAgreements #GlobalEconomy #FinancialPower #DollarHegemony #EconomicSanctions #MarketAdaptation #CurrencyExchange #GlobalMarkets #EconomicSovereignty #FinancialInnovation
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Canadians can’t afford to relax barriers to foreign entry in their banking system
#Canada #Trump #USA #USPressure #ForeignBanks #MonetarySovereignty #FinancialStability #BankingSystem #Regulations #EconomicSovereignty #FinancialPolicy #BankingSecurity
https://the-14.com/canadians-cant-afford-to-relax-barriers-to-foreign-entry-in-their-banking-system/ -
Canadians can’t afford to relax barriers to foreign entry in their banking system
#Canada #Trump #USA #USPressure #ForeignBanks #MonetarySovereignty #FinancialStability #BankingSystem #Regulations #EconomicSovereignty #FinancialPolicy #BankingSecurity
https://the-14.com/canadians-cant-afford-to-relax-barriers-to-foreign-entry-in-their-banking-system/ -
World Bank Alternatives: Breaking Free from Neoliberal Control
#DebtFreeFuture, #EconomicSovereignty, #SocialJustice, #WorldBankAlternativesWorld Bank alternatives. Discover why nations are turning away from the World Bank and exploring fairer, development-focused financial alternatives. Learn how they’re regaining control.
https://socialjusticeaustralia.com.au/world-bank-alternatives/
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Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money - Bitcoin was once viewed as a means to opt out of violent, legacy financial systems... - https://news.bitcoin.com/where-are-the-crypto-ogs-taxation-is-theft-but-joe-biden-needs-ice-cream-money/ #economicsovereignty #bitcoinwhitepaper #economicfreedom #satoshinakamoto #taxationistheft #libertarianism #permissionless #cryptoanarchy #bitcointaxes #genesisblock #non-violence #peer-to-peer #voluntaryism #monero