When Bruce Cockburn wrote this song, many of these so-called democracies, backed by the Reagan administration, were in Latin America. But he was also referring to the other neo-colonialist hostage countries “turned in labor camps” because they had to produce for the donor countries to pay off their “insupportable debts”.
Today, this folk rock song, tells the story of almost every country in the global south that has been hijacked by international capitalism (“tyranny of the developed nations”) to produce for the North and then buy food from the North with the money they earned from selling crops and raw materials. Instead of growing their own crops, which would be so much cheaper and not requiring loans from the “IMF, dirty MF”.
The typical Cockburn-style protest song shows how much he developed into a cross between Dylan and Little Steven. The tragedy is that, 35 years on, it has not gotten better in many ways. The quality of the song still stands, though.