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I made an edit, I meant World Bank and USAID as they don't only lend to member countries. I don't have sources I would quote, but I have enough to be told to l
by rolltiide 7y ago
I made an edit, I meant World Bank and USAID as they don't only lend to member countries.
I don't have sources I would quote, but I have enough to be told to look over there and see the cause and effect.
Developing countries are saddled with debt, and further crippled. Recipients of the debt are contractors. Austerity measures are needed to repay the debt, and the citizens are the ones burdened by it to help extract the country's natural resources to pay the debt.
Even IF an indictment of the World Bank is just crackpot conspiracies, it is a really good instruction manual. China's approach is running the same playbook but may even be more completely benign. Their industries have been entering emerging markets that others have decided not to effectively touch, without invading. Are they also running the regime change playbook too like the US did all last century? Time will tell. They are doing a lot for African markets. They don't need to be an "ally", everyone should be skeptical. Lightyears ahead of what the west is doing though.
- NicoJuicy 7y agoDebt has gone way worse since the Chinese came in for loans though ;) PS. No sources to quote, that's a bummer. Everyone thinks to see all causes and effects. I do not agree with this one. The West has been mostly fair in the digital age, while China doesn't. That's the cause and effect i see.