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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (173258)	6/17/2021 5:05:11 AM
From: sense	1 Recommendation Recommended By pak73 Read Replies (2) \| Respond to of 217975

"China's model is to grant essentially grants [to Chinese companies] disguised as loans [to foreign nations] to round-trip the infrastructure buildout to China companies"... Which is why it will fail... since the only real benefit intended is for China... and only the cost is "shared"... ensuring that there is no common interest in enabling success... as failure is just as profitable for those involved... It's basically another "make work" program... another form of "stimulus"... not much different than "infrastructure" pork in the U.S., only with the additional disconnect that the intent to buy foreign good will only effects the opposite outcome... as the plan proves itself to be one to induce foreign nations to subsidize China's payroll. Those debts would be incurred anyway, where-ever the work was done... so getting others to sign up to pay them is a "win"... for China. China's approach has already failed... as the promised benefits have mostly failed to materialize... but the costs imposed have not been nearly as stealthy... Countries that find themselves getting "deals" from foreigners... should avoid all "debt trap diplomacy" no matter the source nor how it is repackaged... and should instead change their investment policies to attract private capital... which is the only honest source of any real benefit... as the "aid" from any source is only subsidizing the persistence of failed government economic policies... at larger expense than before. Elon Musk is doing far more for Africa than any "foreign aid" programs... just by facilitating communications... that enables local small scale commerce to develop... and not tax obligations ?