Re <<The main problem with the "China’s Belt and Road Initiative" is the fact that many countries would be indebted well above their ability to pay back the loans>>
Do not see particular problems, because ...
- countries borrowing from self, others, and team China so as to build out infrastructure by collaborating w/ team China, in the worst case would default and be blessed w/ useful infrastructure, and
- would be qualitatively and quantitatively different from loading up on debt to buy team America weapons and fight team America wars, and at the sorrier end be left with a pile of debt and a construct of rubble
The BRI is a mechanism / platform to mobilise resources and build connectivity, hopefully leading somewhere, full of hope, and under no circumstance leads to despair, ala Yemen, Syria, Afghanistan, Iraq, etc etc
Worst that can happen is debt default / jubilee, and that be all. |
