US Sanctions as a Tool To Perpetuate Neocolonialism | WHAT REALLY HAPPENED

US Sanctions as a Tool To Perpetuate Neocolonialism

It’s an evident fact that neocolonial powers are ruled by behemoth corporations whose wealth is measured in hundreds of billions of dollars, far more than the total GDP of many developing nations. The status of these multinational corporations as dominant players in international politics gets official imprimatur when the Western governments endorse the congressional lobbying practice of so-called "special interest" groups, which is a euphemism for corporate interests.

Since the Western governments are nothing but the mouthpiece of business interests on international political and economic forums, therefore any national or international entity which hinders or opposes the agenda of corporate interests is either coerced into accepting their demands or gets sidelined.

In 2013, the Manmohan Singh’s government of India had certain objections to further opening up to the Western businesses. The Business Roundtable, which is an informal congregation of major US businesses and together holds a net wealth of $6 trillion, held a meeting with the representatives of the Indian government and literally coerced it into accepting unfair demands of the Western corporations.

The developing economies, such as India and Pakistan, are always hungry for foreign direct investment (FDI) to sustain economic growth, and this investment mostly comes from the Western corporations. When the Business Roundtables or the Paris-based International Chamber of Commerce (ICC) form pressure groups and engage in "collective bargaining" activities, the nascent and fragile developing economies don’t have a choice but to toe their line.

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