Re:Six Months into Tariffs, Businesses Have No Idea How to P...
by edmundsauto on Sunday August 31, 2025 @07:24PM
(#45087991)
Debt trap diplomacy is nicely covered in a fun read called Confessions of an Economic Hit Man. Was the standard approach from the US for a while during the Cold War
Re:Six Months into Tariffs, Businesses Have No Idea How to P...
by mensetmanusman on Sunday August 31, 2025 @08:04PM
(#45088230)
Such a strategy applied only in foreign aid and development lending. all programs combined was about 0.3% of GDP.
U.S. aid was about Cold War geopolitics, China’s BRI is about long-term economic influence via infrastructure debt.
U.S. per-capita income is roughly $80,000, while China’s is about $13,000. Adjusted for purchasing power it would take decades (at current trajectories, which may be slowing due to EU backlash etc.) to converge.
China leads in high-speed rail and EV adoption. These don’t automatically translate into higher overall living standards — healthcare, wages, pensions, and social safety nets matter more.
China’s lending practices have also led to accusations of “debt-trap diplomacy,” and some countries are now cautious about overreliance on Chinese help. This is why China negativity amongst all of their immediate neighbors is so high.