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CIA be like (lemmy.world)
submitted 2 years ago by to c/politicalmemes@lemmy.world
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[–] 7 points 2 years ago (4 children)

Russia in Africa? If you want to make this argument do not forget, that the greatest neocolonialistic forces in Africa are European countries, France, UK etc

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  • [–] 7 points 2 years ago (2 children)

    Yes, but Russia doesn't do it for colonialism but world destabilization. China loans money to poor countries so to keep them indebted and dependent. """Communist""" countries nowadays really do suck. Capitalism is bad too but not at that level of bad.

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  • [–] -5 points 2 years ago (2 children)

    China unironically has been more helpful to African development in the past few decades than Europe in the past few centuries. Mostly because China wants Africa to be turned into a prosperous region and serve as customers to China meanwhile the west has been focused on wealth extraction from day one.

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  • [–] 7 points 2 years ago (1 child)
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  • [–] 6 points 2 years ago* (1 child)

    This article just ignores non Chinese debt though? Which form the larger share in Pakistan.

    https://en.m.wikipedia.org/wiki/National_debt_of_Pakistan#:~:text=About%2015%25%20of%20the%20external,expected%20to%20provide%20additional%20support

    And for Sri Lanka, China has offered relief which also led to the IMF also negotiating debt relief with Sri Lanka.

    https://www.thehindu.com/news/international/china-reiterates-support-for-sri-lankas-debt-relief-ahead-of-crucial-imf-review/article67205470.ece

    I agree with Zambia, the Chinese didn't play nicely there and acted quite hawkishly. But they did restructure the debt in June when western lenders agreed to do the same.

    https://www.wsj.com/articles/zambia-reaches-watershed-deal-on-china-debt-2392593a

    Also read.

    https://www.theatlantic.com/international/archive/2021/02/china-debt-trap-diplomacy/617953/&ved=2ahUKEwivnvGrx6CBAxXeSGwGHQvBAUsQFnoECBwQAQ&usg=AOvVaw2qJ4QHCHowToj-iq2Irs9y

    Also your article doesn't really talk about events that lead to the economies of Pakistan and Sri Lanka ( Countrywide floods and covid killing tourism respectively) crashing and implies that it's entirely china's fault. I think they are quite important when talking about dying economies.

    Also would like to add that this still doesn't compare to European Colonialism.

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