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gwho
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Comments by "gwho" (@gwho) on "Why China is Building Africa’s Railways" video.
@0fficialdregs you can only fault china if they make the debt unpayable, such as high interest or blocking profitability somehow. Those countries can repay the loan, and then china doesn't get to take over anything. Simply giving a loan and exercising collateral repossession rights (like every loan in the world) isn't nefarious or guaranteed. This kind of logic ignores the ability and circumstances of the borrower who can do things to afford their loan, and puts all the blame on the lender, as if the lender can make the borrowing default. -_- please.
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I like how he makes most likely nefarious geopolitical machinations to feel like some fun and interesting coffee shop news.
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@xiaomose7495 isn't that wonderful? You can even be a brutal military dictator and still get help from China. Wow! Such progressive!
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Good thing to point out. But ik the end you have to still do the math to see if those other areas are actually offsetting the possess by the train
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Not being able to pay operating costs every year is like adding a big subscription to your ongoing budget. You better hope those other things are more than offsetting the debts or else that operating loss will become a gigantic liability quickly
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@youngz13o ok, let's say public infrastructure should be cost driven. It's operating at a net loss so it isn't covering it's costs. I'm not impressed.
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Soft power. Grabbing countries by their money purse, so they can't go against china when it comes to political matters like voting against china invadijt Taiwan or siwzinf the south china sea, or going to war with the USA. This is all setup - developing your chess pieces before making your grand play
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