4 ms·

China ‘not to blame’ for African debt crisis, it’s the West: study

13 points by axiologist 4y ago

axiologist 4y ago
The article refers numerous times to a study, but no reference link to the actual study is given...
- NonEUCitizen 4y ago
  https://debtjustice.org.uk/press-release/african-governments-owe-three-times-more-debt-to-private-lenders-than-china https://debtjustice.org.uk/press-release/african-governments...
- ttctciyf 4y ago
  That's pretty standard in journalism today IME. They want all your clicks, I guess. However, it's not hard to find: https://debtjustice.org.uk/press-release/african-governments-owe-three-times-more-debt-to-private-lenders-than-china https://debtjustice.org.uk/press-release/african-governments...
blackbear_ 4y ago
Very superficial. Read here for more nuance https://www.economist.com/special-report/2022-05-28 https://www.economist.com/special-report/2022-05-28
mytailorisrich 4y ago
It's neither China nor the West. It's Africa.
- BudaDude 4y ago
  We didn't start the fire It was always burning, since the world's been turning
  - mytailorisrich 4y ago
    No-one is going to help you in this world. You have to help yourself. Certainly no-one helped China, for instance... Actually, no-one helped the West, either. So if your government takes unreasonably large loans from foreign powers, whose fault is that?
    - TheLoafOfBread 4y ago
      Whoosh, stop demanding national responsibility for their own actions.
    - ashwagary 4y ago
      >African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest rate. >No-one is going to help you in this world. You have to help yourself. Certainly no-one helped China, for instance... China's much criticized approach to governance cut off western theft almost completely. Any African nation attempting the same has its elected leaders assassinated and replaced by western puppets willing to re-enslave the country using unservicable debt.
stjohnswarts 4y ago
And who funds "Debt Justice" the org that put out the study. I couldn't find anything on their website.

13 points by axiologist 4y ago

axiologist 4y ago

The article refers numerous times to a study, but no reference link to the actual study is given...

NonEUCitizen 4y ago
https://debtjustice.org.uk/press-release/african-governments-owe-three-times-more-debt-to-private-lenders-than-china https://debtjustice.org.uk/press-release/african-governments...
ttctciyf 4y ago
That's pretty standard in journalism today IME. They want all your clicks, I guess. However, it's not hard to find: https://debtjustice.org.uk/press-release/african-governments-owe-three-times-more-debt-to-private-lenders-than-china https://debtjustice.org.uk/press-release/african-governments...

blackbear_ 4y ago

Very superficial. Read here for more nuance https://www.economist.com/special-report/2022-05-28 https://www.economist.com/special-report/2022-05-28

mytailorisrich 4y ago

It's neither China nor the West. It's Africa.

BudaDude 4y ago
We didn't start the fire It was always burning, since the world's been turning
- mytailorisrich 4y ago
  No-one is going to help you in this world. You have to help yourself. Certainly no-one helped China, for instance... Actually, no-one helped the West, either. So if your government takes unreasonably large loans from foreign powers, whose fault is that?
  - TheLoafOfBread 4y ago
    Whoosh, stop demanding national responsibility for their own actions.
  - ashwagary 4y ago
    >African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest rate. >No-one is going to help you in this world. You have to help yourself. Certainly no-one helped China, for instance... China's much criticized approach to governance cut off western theft almost completely. Any African nation attempting the same has its elected leaders assassinated and replaced by western puppets willing to re-enslave the country using unservicable debt.

stjohnswarts 4y ago

And who funds "Debt Justice" the org that put out the study. I couldn't find anything on their website.