Just a thought
Give back to society? I’m suspicious of anyone with a lot of clout, money and power under capitalism. I’ve seen the kind of shit this sick society rewards.
Just a thought
Give back to society? I’m suspicious of anyone with a lot of clout, money and power under capitalism. I’ve seen the kind of shit this sick society rewards.
It’s funny how our society tells on itself sometimes. There was basically a never ending news story in the 2010s about the Chinese debt trap, and that everything to do with Belt and Road, loaning money to poorer countries to build infrastructure, was really a predatory scam to trap them into taking more and more loans just to make the interest payments, and steal their resources as part of the conditions of repayment (and we’d know, since the IMF exists to do just that)
But then that never happened, and now it’s a decade later and there’s just a bunch of functioning ports , roads , rail lines and other infrastructure in those countries, and many of them are now installing massive new green energy grids on top of that since China made Solar and Wind power so cheap.
china took control/ownership of a couple things that hogs wouldn’t shut up about, but mostly forgave a shitload of debt when repayment issues came up
They took control of some of the means of production, and created some tax havens/immigration centers. Pretty mild things all things considered. Much different than just giving the government money and then just watching them squirrel it away.
It worked because westerners are already conditioned by their own neoliberalism to not expect anything to get built by their own lifetime.
The idea of loaning money to build things is preposterous, wouldn’t the government just pocket all the money?