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So this is Economic Hitmen 2.0. China watched and learned from what the US did in South America.

wpietri 8y ago
Funny to see Communist China end up as unforgiving landlords given the history: https://en.wikipedia.org/wiki/Mass_killings_of_landlords_under_Mao_Zedong https://en.wikipedia.org/wiki/Mass_killings_of_landlords_und... (And by funny I mean horrific and depressing, of course.)
forgotAgain 8y ago
The U.S. had nothing to do with this. The gratuitous swipe serves no useful purpose.
- Cyph0n 8y ago
  Way to be overly defensive, mate. Read the comment again: it never mentioned that the US had something to do with this Chinese takeover.
FruityFarm 8y ago
Learned from the best.
finleymedia 8y ago
"The New Confessions of an Economic Hit Man" talks about China moving into the loans and takeover market, following in the footsteps of the United States.
nova22033 8y ago
Sri Lanka : https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html https://www.nytimes.com/2018/06/25/world/asia/china-sri-lank... Ecuador: https://www.nytimes.com/2018/12/24/world/americas/ecuador-china-dam.html https://www.nytimes.com/2018/12/24/world/americas/ecuador-ch... Montenegro : https://www.reuters.com/article/us-china-silkroad-europe-montenegro-insi/chinese-highway-to-nowhere-haunts-montenegro-idUSKBN1K60QX https://www.reuters.com/article/us-china-silkroad-europe-mon... Pakistan: https://www.reuters.com/article/us-pakistan-silkroad-railway-insight/fearing-debt-trap-pakistan-rethinks-chinese-silk-road-projects-idUSKCN1MA028 https://www.reuters.com/article/us-pakistan-silkroad-railway... and now Kenya
raverbashing 8y ago
I think when compared with Chinese imperialism, people will miss the US
- buboard 8y ago
  I think people are overstating the chinese capacity to run a world-class imperialist project. China still has a long way to go to making their own country functional before they can do this kind of outreach
  - mschuster91 8y ago
    > China still has a long way to go to making their own country functional before they can do this kind of outreach China has massive amounts of US dollars (and lower, but still decent, amounts of Euros) which are useless at home but can move literal mountains in Africa. Basically China can act like a VC fund in Africa: spend shitloads of money and pray that 1 of 100 projects is gonna be a unicorn... the game is to not do it like Europe dumping their used clothing and overproduced food over Africa, but to provide infrastructure so that the billions of people in Africa actually have the means to buy... yep, Chinese products. The infrastructure is a loss leader, but ya gotta get the product into the continent somehow. Europe and the US won't be able to profit from the infra, we don't export anything of value except cars and software since all our manufacturing and industry was shuttered and off-shored to... China.
  - objektif 8y ago
    China does not need to be functional to abuse other countries.
  - justicezyx 8y ago
    Funny how China has basically ruled east Asia and people still think China does not know how to run other countries as subsidiaries. Oh, maybe it's because the leading western country only has 200+ years of history and has no idea how bit China was...
- dm3730 8y ago
  > I think when compared with Chinese imperialism, people will miss the US Could you clarify which people you are thinking of and your specific meaning of what they would miss? I'm thinking about those historical track record. I'm thinking of those millions of Vietnamese and Cambodians whose lives were ended. I wonder about the millions more whose futures were ruined. I'm thinking about those millions of Iranians trapped by blowback to the Mossadegh coup. Nicaraguans? Guatemala. Honduras. Pakistanis? Afghans? Somalis? Iraqis? Yemenis? Those are just the ones we see in the news. Who knows about all the ones we don't see.

Funny to see Communist China end up as unforgiving landlords given the history: https://en.wikipedia.org/wiki/Mass_killings_of_landlords_under_Mao_Zedong https://en.wikipedia.org/wiki/Mass_killings_of_landlords_und... (And by funny I mean horrific and depressing, of course.)

forgotAgain 8y ago

The U.S. had nothing to do with this. The gratuitous swipe serves no useful purpose.

Cyph0n 8y ago
Way to be overly defensive, mate. Read the comment again: it never mentioned that the US had something to do with this Chinese takeover.

FruityFarm 8y ago

Learned from the best.

finleymedia 8y ago

"The New Confessions of an Economic Hit Man" talks about China moving into the loans and takeover market, following in the footsteps of the United States.

nova22033 8y ago

Sri Lanka : https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html https://www.nytimes.com/2018/06/25/world/asia/china-sri-lank... Ecuador: https://www.nytimes.com/2018/12/24/world/americas/ecuador-china-dam.html https://www.nytimes.com/2018/12/24/world/americas/ecuador-ch... Montenegro : https://www.reuters.com/article/us-china-silkroad-europe-montenegro-insi/chinese-highway-to-nowhere-haunts-montenegro-idUSKBN1K60QX https://www.reuters.com/article/us-china-silkroad-europe-mon... Pakistan: https://www.reuters.com/article/us-pakistan-silkroad-railway-insight/fearing-debt-trap-pakistan-rethinks-chinese-silk-road-projects-idUSKCN1MA028 https://www.reuters.com/article/us-pakistan-silkroad-railway... and now Kenya

raverbashing 8y ago

I think when compared with Chinese imperialism, people will miss the US

buboard 8y ago
I think people are overstating the chinese capacity to run a world-class imperialist project. China still has a long way to go to making their own country functional before they can do this kind of outreach
- mschuster91 8y ago
  > China still has a long way to go to making their own country functional before they can do this kind of outreach China has massive amounts of US dollars (and lower, but still decent, amounts of Euros) which are useless at home but can move literal mountains in Africa. Basically China can act like a VC fund in Africa: spend shitloads of money and pray that 1 of 100 projects is gonna be a unicorn... the game is to not do it like Europe dumping their used clothing and overproduced food over Africa, but to provide infrastructure so that the billions of people in Africa actually have the means to buy... yep, Chinese products. The infrastructure is a loss leader, but ya gotta get the product into the continent somehow. Europe and the US won't be able to profit from the infra, we don't export anything of value except cars and software since all our manufacturing and industry was shuttered and off-shored to... China.
- objektif 8y ago
  China does not need to be functional to abuse other countries.
- justicezyx 8y ago
  Funny how China has basically ruled east Asia and people still think China does not know how to run other countries as subsidiaries. Oh, maybe it's because the leading western country only has 200+ years of history and has no idea how bit China was...
dm3730 8y ago
> I think when compared with Chinese imperialism, people will miss the US Could you clarify which people you are thinking of and your specific meaning of what they would miss? I'm thinking about those historical track record. I'm thinking of those millions of Vietnamese and Cambodians whose lives were ended. I wonder about the millions more whose futures were ruined. I'm thinking about those millions of Iranians trapped by blowback to the Mossadegh coup. Nicaraguans? Guatemala. Honduras. Pakistanis? Afghans? Somalis? Iraqis? Yemenis? Those are just the ones we see in the news. Who knows about all the ones we don't see.