this post was submitted on 27 Sep 2024
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Except that it's not. China's development has been overwhelmingly peaceful, and China has played a positive role around the globe helping many other nations develop and improve their standard of living. On the other hand, the US has been at war throughout all of its miserable existence, and is responsible for carrying out countless crimes against humanity around the globe. It remains the greatest threat to human existence today.
african debt traps intensify
I love how you trolls just keep regurgitating the same few tropes that even mainstream western media has debunked
my guy your waking life consists of reposting the same 5 talking points
i'd maybe take a moment of quiet reflection
"The results show that Chinese foreign direct investment (FDI) sets in motion a process of transformation in the local economy that damages local competitors but – at the same time – benefits local suppliers to the new Chinese firms as well as their local clients."
this is another way of saying that local businesses are destroyed, save from the ones that become functionally chinese subsidiaries
if the west did this you'd be having a meltdown
you know that when a bank restructures a loan for you, it's not out of the goodness of their hearts, right?
and that's when they do restructure a loan for you, rather than just letting you default and having your economy explode like happened with sri lanka
guys they didn't SEIZE a port they merely forced a country to lease it for 99 years at a bargain bin price
ethiopia literally had to default on their debt after this article was published
see above
this is the same as the first link
this is about the port again
this just says "development good" without defining what that is
the same metric would justify european colonialism of africa
except for all the cases where they don't and countries have to default, i guess
this link isn't relevant
The debt they owed to the IMF 😂 https://www.reuters.com/world/africa/imf-ethiopia-reach-staff-level-agreement-first-review-loan-program-2024-09-27/
Oh you mean where actual western debt trap was happening?
No it wouldn't, but I'm not expecting any sort of intellectual integrity from you here.
sure buddy
do you understand how money works? you know it's fungible, right?
even in your cartoon world, china is a member of the imf
and even if they weren't, the largest share of single-source debt was from china
i guess it's easier to defend a worldview if you just like...make stuff up?
said the person who cherry picked like 3 things to respond to, despite spending most of their life accusing others of cherry picking, and responded to them by making stuff up
okay let's pretend it's relevant
selling it services and equipment now absolves a country of guilt
wow, looks like the us is absolved of guilt to a comical degree
Unlike you, I do understand how money and debt works. The discussion is about debts issued by China and their long term impact, which every study shows to be positive. I guess it's easier to make a clown of yourself in public than actually learn about the subject you're attempting to debate.
except the ones you just linked, i guess?
you must have been very unlucky when picking which sources to show me :(
you know people only keep you off their blocklist because it's really funny watching the fediverse e-clown ply their trade every day, right?
The ones I linked provide a contrast between Chinese lending and IMF lending, but clearly that was too complex of an idea for you to grasp.
I just vastly overestimated your intellectual capacity.
I'd be so insulted by that if I had a shred of respect for you.