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Who said anything about citizens getting more welfare? China is stripping these countries bare, and the money goes straight into the pockets of the corrupt rul
by grecy 9y ago
Who said anything about citizens getting more welfare?
China is stripping these countries bare, and the money goes straight into the pockets of the corrupt ruling class. It is staggering to see the countries with the multi-hundreds-of-billions in resources have the poorest citizens.
- pm90 9y agoI think a distinction must be made between a completely extractive economy and one that is based on manufacturing. So if its simply raw materials being mined and shipped abroad, then yes I agree with the stripping the countries part. If they are actually manufacturing stuff.... Oh actually, if they're employing only Chinese citizens for manufacturing, then I agree with your assessment.
- grecy 9y agoOne of the major "problems" with African economies is they manufacture essentially nothing, and everything they export is completely unprocessed raw materials.