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☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 9 months ago

Capitalist development vs Socialist development

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Capitalist development vs Socialist development

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☆ Yσɠƚԋσʂ ☆@lemmy.ml to Socialism@lemmy.mlEnglish · 9 months ago
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  • switchboard_pete@fedia.io
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    9 months ago

    played a positive role around the globe helping many other nations develop and improve their standard of living

    african debt traps intensify

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      9 months ago

      I love how you trolls just keep regurgitating the same few tropes that even mainstream western media has debunked

      • Chinese Investment In Africa Has Had ‘Significant And Persistently Positive’ Long-Term Effects Despite Controversy
      • study on Chinese investments
      • no debt trap
      • debt trap does not hold much water
      • China and Africa: Ethiopia case study debunks investment myths
      • https://www.lse.ac.uk/iga/assets/documents/research-and-publications/FDI-in-Ethiopia-Crescenzi-Limodio.pdf
      • https://blogs.lse.ac.uk/gild/2021/01/26/how-chinese-investment-shape-new-growth-patterns-in-africa/
      • https://www.asiafinancial.com/china-debt-trap-claims-in-africa-stem-from-us-rivalry-study
      • https://www.sabcnews.com/sabcnews/chinas-infrastructure-investment-helps-fast-track-development-in-africa-expert/
      • https://geopoliticaleconomy.com/2022/08/20/china-forgives-debt-africa/
      • https://americanaffairsjournal.org/2023/11/broadband-business-formation-and-economic-growth-in-the-global-south-assessing-chinas-impact/
      • uberstar@lemmy.ml
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        9 months ago

        our civilized and altruistic IMF lending vs their horrifying Chinese extortion schemes!!! 😱

      • switchboard_pete@fedia.io
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        9 months ago

        I love how you trolls just keep regurgitating the same few tropes

        my guy your waking life consists of reposting the same 5 talking points

        i’d maybe take a moment of quiet reflection

        Chinese Investment In Africa Has Had ‘Significant And Persistently Positive’ Long-Term Effects Despite Controversy

        “The results show that Chinese foreign direct investment (FDI) sets in motion a process of transformation in the local economy that damages local competitors but – at the same time – benefits local suppliers to the new Chinese firms as well as their local clients.”

        this is another way of saying that local businesses are destroyed, save from the ones that become functionally chinese subsidiaries

        if the west did this you’d be having a meltdown

        study on Chinese investments

        you know that when a bank restructures a loan for you, it’s not out of the goodness of their hearts, right?

        and that’s when they do restructure a loan for you, rather than just letting you default and having your economy explode like happened with sri lanka

        no debt trap

        guys they didn’t SEIZE a port they merely forced a country to lease it for 99 years at a bargain bin price

        China and Africa: Ethiopia case study debunks investment myths

        ethiopia literally had to default on their debt after this article was published

        https://www.lse.ac.uk/iga/assets/documents/research-and-publications/FDI-in-Ethiopia-Crescenzi-Limodio.pdf

        see above

        https://blogs.lse.ac.uk/gild/2021/01/26/how-chinese-investment-shape-new-growth-patterns-in-africa/

        this is the same as the first link

        https://www.asiafinancial.com/china-debt-trap-claims-in-africa-stem-from-us-rivalry-study

        this is about the port again

        https://www.sabcnews.com/sabcnews/chinas-infrastructure-investment-helps-fast-track-development-in-africa-expert/

        this just says “development good” without defining what that is

        the same metric would justify european colonialism of africa

        https://geopoliticaleconomy.com/2022/08/20/china-forgives-debt-africa/

        except for all the cases where they don’t and countries have to default, i guess

        https://americanaffairsjournal.org/2023/11/broadband-business-formation-and-economic-growth-in-the-global-south-assessing-chinas-impact/

        this link isn’t relevant

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          9 months ago

          ethiopia literally had to default on their debt after this article was published

          The debt they owed to the IMF 😂 https://www.reuters.com/world/africa/imf-ethiopia-reach-staff-level-agreement-first-review-loan-program-2024-09-27/

          and that’s when they do restructure a loan for you, rather than just letting you default and having your economy explode like happened with sri lanka

          Oh you mean where actual western debt trap was happening?

          this link isn’t relevant

          No it wouldn’t, but I’m not expecting any sort of intellectual integrity from you here.

          this link isn’t relevant

          sure buddy

          • switchboard_pete@fedia.io
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            9 months ago

            The debt they owed to the IMF

            do you understand how money works? you know it’s fungible, right?

            Oh you mean where actual western debt trap was happening?

            even in your cartoon world, china is a member of the imf

            and even if they weren’t, the largest share of single-source debt was from china

            i guess it’s easier to defend a worldview if you just like…make stuff up?

            any sort of intellectual integrity from you here

            said the person who cherry picked like 3 things to respond to, despite spending most of their life accusing others of cherry picking, and responded to them by making stuff up

            sure buddy

            okay let’s pretend it’s relevant

            selling it services and equipment now absolves a country of guilt

            wow, looks like the us is absolved of guilt to a comical degree

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              9 months ago

              Unlike you, I do understand how money and debt works. The discussion is about debts issued by China and their long term impact, which every study shows to be positive. I guess it’s easier to make a clown of yourself in public than actually learn about the subject you’re attempting to debate.

              • switchboard_pete@fedia.io
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                9 months ago

                The discussion is about debts issued by China and their long term impact, which every study shows to be positive

                except the ones you just linked, i guess?

                you must have been very unlucky when picking which sources to show me :(

                I guess it’s easier to make a clown of yourself in public than actually learn about the subject you’re attempting to debate

                you know people (other people, not me, i’m here for serious discussion exclusively) only keep you off their blocklist because it’s really funny watching the fediverse e-clown ply their trade every day, right?

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  9 months ago

                  The ones I linked provide a contrast between Chinese lending and IMF lending, but clearly that was too complex of an idea for you to grasp.

                  you must have been very unlucky when picking which sources to show me :(

                  I just vastly overestimated your intellectual capacity.

                  you know people only keep you off their blocklist because it’s really funny watching the fediverse e-clown ply their trade every day, right?

                  I’d be so insulted by that if I had a shred of respect for you.

                  • switchboard_pete@fedia.io
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                    9 months ago

                    again, even in your cartoon world, china is a member of the imf

                    also you clearly haven’t read your sources very recently, because that’s not the picture they paint

                    I’d be so insulted by that if I had a shred of respect for you.

                    this is such a reddit tier insult i love it

    • davel@lemmy.ml
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      9 months ago

      Put the Kool-Aid down. Stop uncritically accepting propaganda from neocolonial states and their corporate media.

      • switchboard_pete@fedia.io
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        9 months ago

        Removed by mod

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