There is nothing negative about loans when it’s done fairly.
The IMF is the opposite of that.
Countries on the verge of disaster (often caused by the west/US wars,etc) get forced into an IMF ‘loan’ agreement.
With a list of ‘austerity’ measures.
They have to ‘privatize’ = sell off to western companies.
Have their resources plundered and keep them in debt to pay huge intersets.
It’s pure extortion.
Just because it’s the western tactic doesn’t mean China does it as you imply.
That’s China bad projection and cope for losing hard economically.
Are you unaware that China is making deals to own everyone? You don’t have to go far to read about that. That you don’t… well get googling. I’m gonna peace out.
There is nothing negative about loans when it’s done fairly.
The IMF is the opposite of that.
Countries on the verge of disaster (often caused by the west/US wars,etc) get forced into an IMF ‘loan’ agreement.
With a list of ‘austerity’ measures.
They have to ‘privatize’ = sell off to western companies.
Have their resources plundered and keep them in debt to pay huge intersets.
It’s pure extortion.
Just because it’s the western tactic doesn’t mean China does it as you imply.
That’s China bad projection and cope for losing hard economically.
Are you unaware that China is making deals to own everyone? You don’t have to go far to read about that. That you don’t… well get googling. I’m gonna peace out.
I know it’s being sold as that, as I said cope and projection