94
Yea, it's almost like they should be compared with the developed world instead of the developing world.
A 2023 Associated Press analysis of the dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found debt servicing payments were consuming vitally needed tax revenue for schools, electricity, food and fuel.
I guess this would be a litmus test for the CCP's foreign policy for the future. Whether they choose to strengthen stability by canceling or restructuring debt, or foster PRC-branded instability. They've been materially playing the stability and reliability partner card recently with some. We'll see if this factors into these debt decisions.
When it's the Western Empire doing it through the IMF or Wall Street that's good. When it's China, it's bad.
“During the cold war, the anticommunist ideological framework could transform any data about existing communist societies into hostile evidence. If the Soviets refused to negotiate a point, they were intransigent and belligerent; if they appeared willing to make concessions, this was but a skillful ploy to put us off our guard. By opposing arms limitations, they would have demonstrated their aggressive intent; but when in fact they supported most armament treaties, it was because they were mendacious and manipulative. If the churches in the USSR were empty, this demonstrated that religion was suppressed; but if the churches were full, this meant the people were rejecting the regime's atheistic ideology. If the workers went on strike (as happened on infrequent occasions), this was evidence of their alienation from the collectivist system; if they didn't go on strike, this was because they were intimidated and lacked freedom. A scarcity of consumer goods demonstrated the failure of the economic system; an improvement in consumer supplies meant only that the leaders were attempting to placate a restive population and so maintain a firmer hold over them. If communists in the United States played an important role struggling for the rights of workers, the poor, African-Americans, women, and others, this was only their guileful way of gathering support among disfranchised groups and gaining power for themselves. How one gained power by fighting for the rights of powerless groups was never explained. What we are dealing with is a nonfalsifiable orthodoxy, so assiduously marketed by the ruling interests that it affected people across the entire political spectrum.”
-Michael Parenti Blackshirts and the reds
Fascists have argued that the enemy is both strong and weak, for a long time. The enemy changes over time perhaps, but it doesn't seem that the far right does.
All debt collectors can get fucked
Don't take on the debt if you can't pay it back. Money has never been free.
Money is fake and you're a chump if you let it rule you.
The real goal of Belt and Road: debt enslavement.
Every time China visits we get a hospital, every time Britain visits we get a lecture.
~ Dr Lubinda Haabazoka, Director of the University of Zambia Graduate School of Business and former President of the Economics Association of Zambia
Except they don't get the hospital, they get loaned money to build a hospital, and China expects them to default. Then China takes the hospital.
It's even more obvious when it's a shipping port. You've built a port for China to control.
Here comes the lecture.
No, here comes the truth. Some of you need to hear it.
The truth is that Americans will call Israelis bombing a hospital in Gaza an act of self defense while China building a hospital in Madagascar is an act of war.
They don’t care about anything unless it crushes the west.
Lol the West is doing that all on its own. But keep crying or whatever l.
Right but Western aid has only ever done good right? I mean, that's why South America and Central Africa are booming with industry and lack any serious endemic diseases right? Because the West made sure they would have the same living standards and be seen as truly equal competitors , right?...right?
China also owns billions in US bonds. Japan owns trillions. They could crush us.
this post was submitted on 29 May 2025
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