Right now US diplomats are telling Europeans not to cooperate with China on development in Africa. Really? We should all be cooperating to lift people out of poverty. When Africans became richer they will remember our obstruction.[/quote]
Well at least I learned something from this thread, I didn’t know China was loaning money to poor countries. Then today I read this article that makes china look like the mafia when they loan money.
I know Brian has commented that he thinks CNBC is a right wing network (he’s the only one I’ve ever heard say this, it’s center to left-center by most accounts) so here’s a New York Times article from a year ago on China acting essentially as a vulture hedge fund with their loans to other countries.
China doesn’t loan money to poor countries to share goodwill and build relationships, it a vulture. Also the IMF and World Bank are concerned about China’s practices so let’s no blame US diplomats, unless you think the IMF and World Bank are also right wing organizations, and if you think that I am not sure I can convince you that the sun is hot.
