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On the one hand, there is nothing inherently wrong with the growth of an alternative to the USD as a global market currency, there are good arguments in favor o
by UshZilla 11y ago
On the one hand, there is nothing inherently wrong with the growth of an alternative to the USD as a global market currency, there are good arguments in favor of diversifying that function anyhow.
The dark side is that China has a history of being very good at economic subjugation in Africa. This feels a bit like a "lender of last resort" scenario, with a lot of contingencies and costly terms.
http://www.newyorker.com/news/news-desk/china-in-africa-the-new-imperialists http://www.newyorker.com/news/news-desk/china-in-africa-the-...
- tamana 11y agoChina is the latest, but subjugating Africa has been a worldwide pastime.
- themartorana 11y agoWell yeah, but the same can be said of any continent at some point in human history.
- jkaunisv1 11y agoBut it can be said in particular of Africa in the more relevant and recent hundred years or so. Especially in the context of the comment that sort of loosely implied China was alone in subjugating Africa, in the present day.
- intopieces 11y agoIs the exploitation of the African continent just in the light of previous exploitations of other groups? I genuinely do not understand the point of this comment and would like you to explain it further.
- justicezyx 11y agoLMFAO