China is calling in loans to dozens of countries from Pakistan to Kenya

Re:China is calling in loans to dozens of countries from Pak... by coldtea on Sunday May 21, 2023 @07:56PM (#36025803)

>but also does things just to advance democracy

Or so it self-advetises.

"Advancing democracy" originated as an anti-communist theme, in the Cold war era fight for global influence, and after 1991 it turned into a hammer to yield against mostly Arab countries and others with resources and/or independent foreign policy.

This democracy advancing didn't have issues sponsoring and supporting dictatorships (say, Pinochet in the 70s and Saddam in the 80s to name but a few), or being best buddies with a family that owns a whole country non-democratically and are known for huge human rights abuses (buddies until recently at least).

In the last 20 years alone, it has turned 4 countries into much worse than they were.

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Re:China is calling in loans to dozens of countries from Pak... by bombcar on Sunday May 21, 2023 @08:00PM (#36025832)

Exactly. The democracy advanced always exactly matches the current US interests. Funny that. We’re just so damn perfect we never ever ever get anything wrong.

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Re:China is calling in loans to dozens of countries from Pak... by 49erfangoniners on Sunday May 21, 2023 @08:26PM (#36025995)

OP compared the US to a loan shark, you're arguing against a strawman

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Re:China is calling in loans to dozens of countries from Pak... by cced on Sunday May 21, 2023 @10:51PM (#36026905)

You realise that institutions like the IMF and World Bank do exactly that? What exactly do you think happens to third world countries that can’t pay back IMF and World Bank loans? They get to walk off scott free? Here’s a hint: neoliberalisation gets introduced into the country and its assets get taken and privatized by western corporations.

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