Greek Bankruptcy Hits Neocolonial Finance
- The imperial power (the core) extracts valuable commodities and low-cost labor from its colony (the periphery);
- The imperial power sells its own high-margin manufactured goods to the captured-market of its colony.
- the profits made selling goods to the debtors;
- interest on credit extended to the peripheral colonies to buy the core economies' goods and "live large"; and
- the transactional skim of financializing peripheral assets such as real estate and State debt.