197
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 Dec 2023
197 points (100.0% liked)
memes
22755 readers
488 users here now
dank memes
Rules:
-
All posts must be memes and follow a general meme setup.
-
No unedited webcomics.
-
Someone saying something funny or cringe on twitter/tumblr/reddit/etc. is not a meme. Post that stuff in !the_dunk_tank@www.hexbear.net, it's a great comm.
-
Va*sh posting is haram and will be removed.
-
Follow the code of conduct.
-
Tag OC at the end of your title and we'll probably pin it for a while if we see it.
-
Recent reposts might be removed.
-
No anti-natalism memes. See: Eco-fascism Primer
founded 4 years ago
MODERATORS
The BRI doesn't come with policy demands to my knowledge. It's just loans for specific infrastructure projects at better rates than what the IMF/World Bank offers. The long term goal of the project benefits China because it allows them to sell goods to countries that aren't the US and its allies, but it's more of a mutualistic relationship than the typical parasitic capitalist imperialist one.
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/
The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs), are the following firms:
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."
There may be things I have missed...
Okay what about the debts China cleaned off from multiple nation’s multiple times?