More than a dozen who served under Republican president quote his call for a ‘Time for Choosing’

More than a dozen former Ronald Reagan staff members have joined dozens of other Republican figures endorsing the Democratic nominee and vice-president, Kamala Harris, saying their support was “less about supporting the Democratic party and more about our resounding support for democracy”.

  • MrMakabar@slrpnk.netEnglish
    1·
    2 months ago

    China has been waiving no intrest loans, which can not be repaid. Debt restructuring inckuding forgiving loans is part of a debt trap too.

    Beijing, which has come under criticism for its lending practices to poorer nations, accounts for almost 40% of the bilateral and private-creditor debt that the world’s poorest countries need to service this year, according to the World Bank. It has helped forge recent debt-relief agreements, participating in the Group of 20 suspension of repayments during the pandemic.

    (From the Bloomberg article) The amount is certainly right and already working with the Western lenders as well.

    The AlJazeera opinion piece you linked shows pretty well, what it means. After all the IMF adjustment programs were how the West was able to exploit the South. China is starting to take part in that exact process.

    Obviously those are just loans. Do you seriously believe they sign documents named “debt traps”?

    • Cowbee [he/him]@lemmy.ml
      2·
      2 months ago

      I expect you to provide meaningful evidence that these are predatory loans, as opposed to beneficial loans. You made the claim that they are debt trapping, without providing evidence, just vibed, which teeters on western chauvanism.