Intellectuals urge to build decolonization instruments to strengthen economies in the Global South

Published at: 03/10/2025 03:21 PM

On a new day of the International Conference “Colonialism, Neocolonialism and the Territorial Dispossessions of Western Imperialism”, held in Caracas, the panel “Economic Neocolonialism” was held this Friday, with the participation of intellectuals and activists from around the world.

During the event, organized by the Ministry of Popular Power for Foreign Affairs and moderated by the vice-minister of anti-blockade policies of Venezuela, William Castillo, the speakers dismantled, among other things, the neocolonial financial architecture promoted by the West.

The special advisor to the President of Niger, Nathalie Yamb, highlighted the need to create alternative bodies in Africa and Latin America and the Caribbean, with the purpose of ending dependence and counteracting the inquisitive policies of the financial system imposed by imperialism and its allies.

He also urged building decolonization instruments to strengthen the economies of the Global South. “They invented debt and in Africa we have paid 100 times what we have received and we have nothing from them (the West)... In Africa, debt is not an economic tool, it is a weapon of war that serves to destroy all hopes for development,” he criticized.

The Argentinian philosopher and writer, Néstor Kohan, a member of the Network of Intellectuals and Artists in Defense of Humanity, pointed out that the ideological challenge of the Conference is to “resume the anti-colonialist and anti-imperialist tradition”, so he urged us to review the speeches and writings of Commanders Fidel Castro and Hugo Chávez regarding the struggle of peoples against colonialism.

For his part, the Venezuelan intellectual Luis Britto García rejected the actions of the so-called 'first world' to dominate the economies of free peoples. “They fill with companies, businessmen, ventures, but there is an unpleasant detail for them, the colonized intend to collect taxes”, so they invent double taxation treaties to ensure that all the wealth generated is “given to empires”. In this regard, he urged the strengthening of economic sovereignty to fight against this new phase of colonialism.

MPPRE