14th October 2021

Today's lesson was a huge surprise for me.  When poor country wants to build hospital and roads to improve their standard of living for their citizens, they have to borrow money from the rich. However, once the rich lends money, they orders the poor country to build powerplants to develop their industry. 

Poor country have to sell resources such as water and oil in order to return debts from the first . When the environment is made, companies from the rich country comes and builds factory which won't take any responsibility of natural pollutions. Other than this, the rich country does not have to pay taxes in change of the debt. One example is the free trade zone. Because the rich country has priority basis, they have the freedom to do what ever they want to without  having the need to take responsibility and tax fees.

After that , Mr.Paterson mentioned the Bolivia water war. The video we watched in class had images of local citizens protesting the army which lead many people including those who weren't protesting to die. The moment they get their water back, rich country sends bad impression info to their own country citizens. Through this lesson,  I thought that these way of lending money was totally unfair and needs improvments immediately.