this post was submitted on 16 Jan 2026
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[–] Cowbee@lemmy.ml 25 points 5 days ago* (last edited 5 days ago) (22 children)

This isn't true though, as I elaborate on over here. China doesn't seek to own everything, nor does it debt trap. In fact, it frequently forgives billions in debt. China's goal in Africa is mutual, win-win development, as long term cooperation benefits everyone more greatly than western imperialism does.

The US, Canada, Europe, etc, in being dominated by finance capital and the profit motive, are ecomomically compelled into the strategy of keeping the global south underdeveloped so as to super-exploit them for cheap labor and resources. The PRC is socialist, though, and the finance industry is dominated by the state, meaning long-term planning and mutual development is not only possible, but economically compelled.

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