223
Former Ronald Reagan staffers endorse Kamala Harris for president
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Sep 2024
223 points (93.4% liked)
United States | News & Politics
7193 readers
700 users here now
founded 4 years ago
MODERATORS
https://nation.africa/oped/opinion/Kenya-must-avoid-China-debt-trap-or-fall-into-Sri-Lanka-pit/440808-4551200-kv7y59/index.html
https://www.news24.com/fin24/Economy/South-Africa/da-demands-details-of-r370bn-chinese-loan-warns-of-debt-trap-20180916
For example, but that took me a minute to find. Just asking for proof does not work, when the other site is unable to argue its case beyond "I looked into it". Not even an unsourced explanation of how Cowbee came to the cconclusion. Only that it is supposed to be "obvious".
I doubt I get a reply from Cowbee due to that.
Why didn't you reply to my comment if you wanted a response? You didn't even @ me when namedropping, like you're hiding.
Your first source is an opinion piece saying African countries need to be wary of taking on debt they can't pay back, without offering numbers. No evidence of debt entrapment, just loans.
Your second source just talks about the lack of transparency of one specific loan.
Neither proves China to be intentionally sinking African countries into debt, which is why I asked for sources.
Meanwhile, China has been waiving loans, and many loans are interest free as a part of the Belt and Road Initiative.
The US and other Western countries have stolen trillions from African Countries.
You need to meaningfully prove your statements, otherwise you're just a western chauvanist.
China has been waiving no intrest loans, which can not be repaid. Debt restructuring inckuding forgiving loans is part of a debt trap too.
(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"?
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.