I found the essay “Development imperialism and debt…

I found the essay; “Development, imperialism and debt bombs” was extremely fascinating. The debt traps of loans for third world nations was extremely eye opening. the example of the fake nation of lukistan was surprising but summed up the situation perfectly. the idea of how there currency is deflated while there percentage of government debt skyrockets to an unrealistic rate puts them into a debt trap that allows them to spend less money on governmental services is a crazy reality i was not previously aware of. Makes me think about how many countries current and failed states where something like this has happened.