• switchboard_pete@fedia.io
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    1 month ago

    I love how you trolls just keep regurgitating the same few tropes

    my guy your waking life consists of reposting the same 5 talking points

    i’d maybe take a moment of quiet reflection

    Chinese Investment In Africa Has Had ‘Significant And Persistently Positive’ Long-Term Effects Despite Controversy

    “The results show that Chinese foreign direct investment (FDI) sets in motion a process of transformation in the local economy that damages local competitors but – at the same time – benefits local suppliers to the new Chinese firms as well as their local clients.”

    this is another way of saying that local businesses are destroyed, save from the ones that become functionally chinese subsidiaries

    if the west did this you’d be having a meltdown

    study on Chinese investments

    you know that when a bank restructures a loan for you, it’s not out of the goodness of their hearts, right?

    and that’s when they do restructure a loan for you, rather than just letting you default and having your economy explode like happened with sri lanka

    no debt trap

    guys they didn’t SEIZE a port they merely forced a country to lease it for 99 years at a bargain bin price

    China and Africa: Ethiopia case study debunks investment myths

    ethiopia literally had to default on their debt after this article was published

    https://www.lse.ac.uk/iga/assets/documents/research-and-publications/FDI-in-Ethiopia-Crescenzi-Limodio.pdf

    see above

    https://blogs.lse.ac.uk/gild/2021/01/26/how-chinese-investment-shape-new-growth-patterns-in-africa/

    this is the same as the first link

    https://www.asiafinancial.com/china-debt-trap-claims-in-africa-stem-from-us-rivalry-study

    this is about the port again

    https://www.sabcnews.com/sabcnews/chinas-infrastructure-investment-helps-fast-track-development-in-africa-expert/

    this just says “development good” without defining what that is

    the same metric would justify european colonialism of africa

    https://geopoliticaleconomy.com/2022/08/20/china-forgives-debt-africa/

    except for all the cases where they don’t and countries have to default, i guess

    https://americanaffairsjournal.org/2023/11/broadband-business-formation-and-economic-growth-in-the-global-south-assessing-chinas-impact/

    this link isn’t relevant

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 month ago

      ethiopia literally had to default on their debt after this article was published

      The debt they owed to the IMF 😂 https://www.reuters.com/world/africa/imf-ethiopia-reach-staff-level-agreement-first-review-loan-program-2024-09-27/

      and that’s when they do restructure a loan for you, rather than just letting you default and having your economy explode like happened with sri lanka

      Oh you mean where actual western debt trap was happening?

      this link isn’t relevant

      No it wouldn’t, but I’m not expecting any sort of intellectual integrity from you here.

      this link isn’t relevant

      sure buddy

      • switchboard_pete@fedia.io
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        1 month ago

        The debt they owed to the IMF

        do you understand how money works? you know it’s fungible, right?

        Oh you mean where actual western debt trap was happening?

        even in your cartoon world, china is a member of the imf

        and even if they weren’t, the largest share of single-source debt was from china

        i guess it’s easier to defend a worldview if you just like…make stuff up?

        any sort of intellectual integrity from you here

        said the person who cherry picked like 3 things to respond to, despite spending most of their life accusing others of cherry picking, and responded to them by making stuff up

        sure buddy

        okay let’s pretend it’s relevant

        selling it services and equipment now absolves a country of guilt

        wow, looks like the us is absolved of guilt to a comical degree

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          1 month ago

          Unlike you, I do understand how money and debt works. The discussion is about debts issued by China and their long term impact, which every study shows to be positive. I guess it’s easier to make a clown of yourself in public than actually learn about the subject you’re attempting to debate.

          • switchboard_pete@fedia.io
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            1 month ago

            The discussion is about debts issued by China and their long term impact, which every study shows to be positive

            except the ones you just linked, i guess?

            you must have been very unlucky when picking which sources to show me :(

            I guess it’s easier to make a clown of yourself in public than actually learn about the subject you’re attempting to debate

            you know people (other people, not me, i’m here for serious discussion exclusively) only keep you off their blocklist because it’s really funny watching the fediverse e-clown ply their trade every day, right?

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              1 month ago

              The ones I linked provide a contrast between Chinese lending and IMF lending, but clearly that was too complex of an idea for you to grasp.

              you must have been very unlucky when picking which sources to show me :(

              I just vastly overestimated your intellectual capacity.

              you know people only keep you off their blocklist because it’s really funny watching the fediverse e-clown ply their trade every day, right?

              I’d be so insulted by that if I had a shred of respect for you.

              • switchboard_pete@fedia.io
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                1 month ago

                again, even in your cartoon world, china is a member of the imf

                also you clearly haven’t read your sources very recently, because that’s not the picture they paint

                I’d be so insulted by that if I had a shred of respect for you.

                this is such a reddit tier insult i love it

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  1 month ago

                  China being a member of the IMF doesn’t mean China runs the IMF or makes decisions for it. Learn how the IMF works instead of making clown of yourself here. The most hilarious part is that you’re too ignorant to realize how much of a clown you are.

                  this is such a reddit tier insult i love it

                  as a reddit brain you’d know

                  • switchboard_pete@fedia.io
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                    1 month ago

                    if the imf is such a corrupt organization, why is china willingly a member?

                    you really come crawling back to me just to call me a clown again? why are your insults all “clown” or “i’m rubber your glue”?

                    as a reddit brain you’d know

                    why are your insults all “clown” or “i’m rubber your glue”?