this post was submitted on 05 Sep 2024
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askchapo
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It’s important to first understand how the west lends to Africa:
Michael Hudson discusses the IMF and World Bank: Partners in Backwardness
Then understand that Chinese loans are nothing like that. Lower interest rates relative to the west. Invested in activities that develop the productive forces. And Chinese don’t make demands about increasing taxes, cutting social spending, or forcing public assets to be privatized.
Ah, thanks (I'm also grateful to the other two posters but I'm a bit dim to understand the charts the first reply). China staying out of internal politics (as frankly any nation should; the heck are lending countries doing trying to interfere with another country's choices?) is grand, and I'm deeply disgusted at how successful the propaganda has been about it.
I'll check the link soon, but the stuff you've said has been hugely informative, thank you.