Chinese commenter on how to use material conditions to change women's rights in Afghanistan
Chinese commenter on how to use material conditions to change women's rights in Afghanistan
China's gonna be a phenomenal world leader.
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I could imagine China using policy demands (similar to what the IMF does, but not evil) in exchange for financing, economic development, but IDK if turning Afghanistan into 18th century England will do much good.
I could imagine China using policy demands, similar to what the IMF does, still evil. That's basically what the Belt and Road initiative is.
OH NO THE EVIL BBELT N ROAD THEY'RE BUILDING EVIL INFRASTRUCTURE WITH EVIL LOANS
China literally straight up forgives entire nation's debts and has done so multiple times. Weird form of debt slavery, freeing your debt slaves, and not something the IMF has ever done.
The IMF doesn't stop until it has complete influence over monetary policy and has forced neoliberal doctrine on a country, how the fuck you could ever think that's similar to the belt and road is beyond me. Absolutely brainwashed
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Tell that to Sri Lanka
defaulting a loan and having that specific project repossessed is not at all equivalent to IMF demands of privatizing state assets and cutting social services lmao
I'm pretty sure you were born close to yesterday than even a year ago (Nov. 24th, 2023), considering these claims have been scrutinized to be more of a myth than reality already...
https://geopoliticaleconomy.com/2022/07/11/debt-trap-sri-lanka-west-china/
According to official statistics from Sri Lanka’s Department of External Resources, as of the end of April 2021, the plurality of its foreign debt is owned by Western vulture funds and banks, which have nearly half, at 47%.
The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs), are the following firms:
BlackRock (US) Ashmore Group (Britain) Allianz (Germany) UBS (Switzerland) HSBC (Britain) JPMorgan Chase (US) Prudential (US)
If you're not convinced, even this China-critical youtube channel "Polymatter" admits "The danger of criticizing China for the wrong reasons is that it reduces credibility when you need it the most."
The Lowy Institute finds that, quote, “90% of China's bilateral loans have gone to countries that… could sustainably absorb such debt”.
There may be things I have missed...
Okay what about the debts China cleaned off from multiple nation’s multiple times?
Comments like this is why we need a downvote button sometimes.
We do, it's
