Belt and roads is China’s attempt to do exactly what we’ve been doing with the global south, invest for influence and put them on a debt treadmill. Build infrastructure, pressure them to take on more debt with new projects, say it’s time for austerity, open up more foreign investments, use pressure to buy up raw resources, etc
It’s worth mentioning Coca-Cola… You can get American products everywhere, opening them up as a new market isn’t a different strategy, it’s part of the process
Is there actual evidence of these debt traps, or is that just an assumed motivation? Again, China’s financial Capital is largely held by the State, not private entities. Big difference in motivation compared to, say, US finance Capital, which is largely Private. Furthermore, Coke largely produces in the Global South, China produces in its own country.
Belt and roads is China’s attempt to do exactly what we’ve been doing with the global south, invest for influence and put them on a debt treadmill. Build infrastructure, pressure them to take on more debt with new projects, say it’s time for austerity, open up more foreign investments, use pressure to buy up raw resources, etc
It’s worth mentioning Coca-Cola… You can get American products everywhere, opening them up as a new market isn’t a different strategy, it’s part of the process
This is bullshit projection.
Is there actual evidence of these debt traps, or is that just an assumed motivation? Again, China’s financial Capital is largely held by the State, not private entities. Big difference in motivation compared to, say, US finance Capital, which is largely Private. Furthermore, Coke largely produces in the Global South, China produces in its own country.