I thought that Life and Debt was an incredibly unsettling documentary, as it clearly outlined the role of western nations in subjugating less powerful one. I thought that this documentary took world system theory a step further by showing how powerful nations not only exploit less powerful ones for their physical resources (oil or minerals), but even for tourism, and labor. It also demonstrated how Jamaica was essentially forced into so much debt to reinforce these antiquated values.
There seems to be a necessity for a neutral lender for nations. It seemed as though this was the original intention of the World Bank and the IMF, and micro-loans may be available for a small number of people, but on a country wide level, there seems to be no such system in place. What do you guys think about a neutral lender in the world marketplace as a potential solution to these types of issues? Would it require a rethinking of world trade, and potentially for nations to close their borders in order to focus on self development? How would this affect the world marketplace?