You should look into the Belt and Road Initiative, which has been funding critical infrastructure in Asia and Africa for years now. Pretty recently, China forgave some billions of debt owed to them by African countries. Compare that to how the US and EU handle debt, where they only offer "relief" they require impoverished countries to cut social services and sell off mineral and agricultural rights. China wants international partners, US and EU want colonies.

[+] huppakee@lemm.ee -12 points 2 days ago (8 children)

funding? you must mean debt-trapping.

[–] miz@hexbear.net 70 points 2 days ago* (last edited 2 days ago) (2 children)

can't wait to hear about how the London School of Economics and Johns Hopkins University are full of communists

London School of Economics research concludes an Ethopian case study with the discovery that “Chinese Investment In Africa Has Had ‘Significant And Persistently Positive’ Long-Term Effects Despite Controversy.” Dr. Deborah Brautigam from Johns Hopkins University concurs:

The Chinese ‘Debt Trap’ is a myth. The narrative wrongfully portrays both Beijing and the developing countries it deals with.
…
Our research shows that Chinese banks are willing to restructure the terms of existing loans and have never actually seized an asset from any country, much less the port of Hambantota. A Chinese company’s acquisition of a majority stake in the port was a cautionary tale, but it’s not the one we’ve often heard. With a new administration in Washington, the truth about the widely, perhaps willfully, misunderstood case of Hambantota Port is long overdue.

or does it only become communist when LSE gets quoted here you loser cracker

[–] FunkyStuff@hexbear.net 51 points 2 days ago (1 children)

Actually, citing sources is Communist.

[–] SkingradGuard@hexbear.net 44 points 2 days ago

In fact, even science itself is communism!

[–] jack@hexbear.net 4 points 2 days ago (1 children)

linky plz

[–] miz@hexbear.net 5 points 2 days ago (1 children)

it's there on the last line? unless you mean a link to something else?

[–] jack@hexbear.net 8 points 2 days ago

I've never read a comment to its conclusion

[–] Comrade_Mushroom@hexbear.net 47 points 2 days ago

Dang, dude. They really pulled you in, huh? Just rattling off US State Department headlines as comments.

[–] corvidenjoyer@hexbear.net 13 points 2 days ago

[–] TreadOnMe@hexbear.net 59 points 2 days ago* (last edited 2 days ago) (1 children)

How is forgiving debt, debt-trapping? Hell, most of the Belt and Road doesn't even tie their economy specifically to China, as it is funded by collateralized dollar denominated US debt that China owns. If anything, it is the US attempting to debt trap China (if someone owes you ten dollars that's their problem, if someone owes you a million dollars that is a you problem) and China sharing the burden with other countries, in order to increase overall production and create a shared world economy, you know that thing that you liberals always claim to be a big ol' fan of.

[+] huppakee@lemm.ee -6 points 2 days ago (3 children)

The belt and road initiative is the US dept-trapping China? Wow, you're brainwashed.

[–] TreadOnMe@hexbear.net 59 points 2 days ago* (last edited 2 days ago)

Learn to read. What I said was that if you are so concerned with debt-trapping, then the U.S. is a far larger culprit with much larger abilities to do so. If anything, the belt and road alleviates U.S. attempts to debt-trap China.

[–] miz@hexbear.net 38 points 2 days ago* (last edited 2 days ago)

lol you have the depth of a toy that says a thought-terminating cliché every time its string is pulled

The concept of “brainwashing” was invented — by a CIA agent posing as a journalist — precisely because Westerners needed a way to reflexively dismiss the phenomenon whereby their own troops were being persuaded of communist ideas during communist captivity:

The idea of “brain-washing” can be credited to Edward Hunter, a CIA-funded writer and editor, who in 1950 started writing articles and books on the subject. His thesis was that Red China and the Soviet Union could control the minds of their respective citizenry — which explained how susceptible Americans captured on foreign soil would be.

from https://redsails.org/brainwashing/

[–] FunkyStuff@hexbear.net 40 points 2 days ago

All government spending that's backed by USD is effectively a debt trap that leads back to the US. You could join the Hexbear Super-Imperialism reading group to learn more, because you live in a free country that allows people to write and publish that kind of text (nobody tell them where the edition we're reading was published)

[–] GoodGuyWithACat@hexbear.net 53 points 2 days ago

Did you read the part about how they erased billions of debt owed to China?

What do you consider the IMF and World Bank?

[–] DoiDoi@hexbear.net 53 points 2 days ago* (last edited 2 days ago)

Your brain is straight up drowning in western capitalist propaganda lmao

Like we know you don't have a deep understanding of any of this yet you just spit out the company line every time

[–] Terrarium@hexbear.net 43 points 2 days ago

I think you don't even know what a debt trap is. It is certainly not the practice of forgiving debt, renegotiating debt plans, or even just eventually taking the assets provided when a country or other debtor defaults.

[–] ProletarianDictator@hexbear.net 7 points 2 days ago

a thought terminating cliché for every occasion