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The G7, economic coercion and the art of projection
The rich nations of the group of seven are intent on maintaining their collective interest as world powers at the expense of the global South. Pretending otherwise doesn’t stand up to scrutiny, writes CARLOS MARTINEZ
MUTUALLY BENEFICIAL: Africa's urban rail transit project in Addis Ababa after securing funds from the Export-Import Bank of China. Trial operations were begun in February 2015

THE stunning hubris and hypocrisy of the imperialist powers was on full display in Hiroshima last weekend, with the G7 condemning China for a “disturbing rise” in its “weaponisation of economic vulnerabilities.”

Coercion is, after all, at the heart of what unites the countries of the G7 — a for-us-by-us club of rich nations with a collective interest in maintaining their place at the top of the geopolitical pyramid. 

Each member state built its wealth to a significant degree on the basis of colonialism and the exploitation of the land, labour, resources and markets of the global South.

The US is the global champion of economic coercion

China a victim of economic coercion

Debt trap debunked

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