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> they bring global south countries into the position of needing debt, then keep them in perpetual debt that cannot and will not be forgiven, as it is the wrenc
by _ink_ 4y ago
> they bring global south countries into the position of needing debt, then keep them in perpetual debt that cannot and will not be forgiven, as it is the wrench with which the extraction functions.
So essentially what China is doing in Africa currently.
- trasz3 4y ago[dead]
- trasz4 4y ago>bring countries into the position of needing debt >forces austerity >prevent any own industrial development So essentially the exact opposite of what China is doing in Africa currently.
- bigger_inside 4y agothat's the Western media framing of it. Not what global south countries are saying. China forgave loads of African debt. The West never does that, as it needs that debt in its neocolonial model. https://allafrica.com/stories/202208240056.html https://allafrica.com/stories/202208240056.html