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• 12:27, 28 November 2023 Maral talk contribs created page Debt: a tool of neocolonialism. 13. (Created page with ""Public credit is the credo of capital" said Marx, and several Marxist theorists, notably Rosa Luxembourg, have since stressed the importance and central role of debt in the process of primitive accumulation and the subordination of the peoples of the South to the capitalist powers. The debt of the countries of the global South, including Africa, has its origins in colonization, where it was in part its moral justification. After independence in the mid-20th century, th...")