06 - 12 August 2018 | 96 comments (96 topical, editorial, 0 hidden)

< wipes tears >

The letter details how China uses its so-called debt-trap diplomacy to nurture dependence and extract strategic concessions from its borrowers.

wait for it

Perdue and his colleagues hope that Washington's outsized role in the IMF, as its largest financial contributor, can persuade it to only to offer loans that won't be used to indirectly pay for Chinese projects.

archived we shall see
The only person in the US Federal government more ignorant and moronically stupid than than the people in that list is Donald Trump.

Diversity is the key to economic and political evolution.

by Cat on Tue Aug 7th, 2018 at 08:46:57 PM EST
[ Parent ]

Re: Economy &amp; Finance (4.00 / 5)

Wow, lending money to relatively poorer countries, and using that debt as a leverage to force a variety of economic and policy concessions? China has really caught on to something here! It's sort of amazing that nobody in Europe or the USA ever thought of this, it would have made that whole imperialism thing so much easier!

by Zwackus on Thu Aug 9th, 2018 at 12:22:02 PM EST
[ Parent ]

Re: Economy &amp;amp; Finance (none / 0)

Certainly easier than sending in the troops and typically more successful as well.

by rifek on Fri Aug 10th, 2018 at 12:16:47 AM EST
[ Parent ]

Re: Economy &amp;amp; Finance (none / 0)

The evil of cultural appropriation at work.

by generic on Fri Aug 10th, 2018 at 11:12:38 AM EST
[ Parent ]

06 - 12 August 2018 | 96 comments (96 topical, 0 editorial, 0 hidden)