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They are adopting the USA's playbook. See https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man https://en.wikipedia.org/wiki/Confessions_of_an_Econ
by KSS42 8y ago
They are adopting the USA's playbook.
See
https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit...
According to Perkins, his role at Main was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects that would primarily help the richest families and local elites, rather than the poor, while making sure that these projects were contracted to U.S. companies. Later these loans would give the U.S. political influence and access to natural resources for U.S. companies
India would do the same if it had the capital resources.
- NicoJuicy 8y agoThe USA playbook is only 30% of China's, they are literally bankrupting them off everything. + There is a difference, companies can have PR issues now without just paying off some key figures ( internet). Not saying that it's not possible, but it should be ( and is) harder than the pre & internet age. China hasn't got that problem, because they control their internet. And trying to control yours ( free internet through satellites)
- deleted 8y ago[deleted]
- erikpukinskis 8y agoAfrica will have a permanent debt holiday when Wakanda IPOs itself on Ethereum