The debt trap issue is worth pursuing. The British used debt to establish their power over weaker governments. The best example was in the 19th c when Britain used debt to take control of Egypt. The US used debt throughout the 20th to control allies, clients and rivals, especially through inter-governmental debt. The best explanation of this is Michael Hudson's SUPER IMPERIALISM. If you only ever read one book on economics, make it this one.
Here's some evidence anyways...
https://youtu.be/_-QDEWwSkP0
The debt trap issue is worth pursuing. The British used debt to establish their power over weaker governments. The best example was in the 19th c when Britain used debt to take control of Egypt. The US used debt throughout the 20th to control allies, clients and rivals, especially through inter-governmental debt. The best explanation of this is Michael Hudson's SUPER IMPERIALISM. If you only ever read one book on economics, make it this one.
Here is a youtube video on it. https://youtu.be/Uiz934HVZjY?t=5
Isn't that what the IMF and world bank is for??
More or less. The IMF and World Bank front the system and formalise arrangements under the pretense of international co-operation.