this post was submitted on 10 Sep 2023
683 points (92.7% liked)
Political Memes
5849 readers
3529 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Just like Russia in Africa an around the world (and China more on the economic side)
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
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.
I agree with you, well put
You really need to check out the history of coloialism. There's a lot of it and most of it is horrifying. Western countries have done every bad thing Russia and China are doing, and worse.
Oh I know that, there’s no denying it
Russia in a European country
Stop, next you'll say they're not an anti-imperialist force /s
Ehh, china would like a word about Africa.
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.
https://apnews.com/article/china-debt-banking-loans-financial-developing-countries-collapse-8df6f9fac3e1e758d0e6d8d5dfbd3ed6
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.
Agreed. Wasn’t meaning to be exhaustive, just challenge a bit the china is good theme