"...The problem, we are told, is not foreign investments or foreign aid but their absence and they ask for more imperial aid. The political and economic myopia that accompanies this perspective fails to understand that the political conditions for the loans and investment is the cheapening of labour, the elimination of social legislation and the transformation of Latin America into one big plantation, one big mining camp, one big free trade zone stripped of rights, sovereignty and wealth."
James Petras

January 1, 1970

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Original Language: English

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