SECTION 1:
AUTHORITARIANISM, CRISIS
AND DEBT: THE ECONOMIC
AND POLITICAL CRISES IN
SOUTH AND SOUTHEAST ASIA
Neoliberal policies - often driven by corporate interests - demand a
strong state to enforce market priorities while eroding democratic values.
This is where authoritarianism and corporate dominance intersect.
Authoritarian regimes manipulate legal systems to shield corporations
from accountability and protect their profits, consolidating power and
entrenching inequalities.
International systems that control resource-flow entrench unequal power
systems, skewing decision-making making heavily to global North
governments and private financial institutions, who work in collusion.
This leads to the suppression of dissent and the dismantling of civil
liberties. In such contexts, debt often becomes a weapon in this arsenal,
shackling nations to a system that prioritizes profit over people, control
over democracy, and authoritarianism over freedom.20
BY DROWNING GLOBAL SOUTH COUNTRIES IN
DEBT, THESE POWERS FORCE GOVERNMENTS TO
ADOPT HARSH AUSTERITY MEASURES, STRIPPING
AWAY PUBLIC SERVICES AND SOCIAL PROTECTION
SYSTEMS. THIS, IN TURN, DEEPENS INEQUALITIES
AND CONSOLIDATES CORPORATE INFLUENCE,
AS PUBLIC RESOURCES ARE PRIVATIZED AND
CITIZENS ARE LEFT MORE VULNERABLE.
By drowning Global South countries in debt, these powers force
governments to adopt harsh austerity measures, stripping away public
services and social protection systems. This, in turn, deepens inequalities
and consolidates corporate influence, as public resources are privatized
20
Gallo, E. (2021). “Three varieties of Authoritarian Neoliberalism: Rule by the experts, the people, the leader.”
Labor History, 26(5), 1619–1636. https://doi.org/10.1177/10245294211038425
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