Well written and researched story. It used to be that the Third World looked to entities like the World Bank, IDB, EU when they needed big capital to drive certain infrastructure development, now its China singlehandedly. The federal govt. of the USA now depends heavily on China to purchase its treasury bills to finance its budget. It’s the changing of the guards, the falling of an empire that we are seeing in our lifetime, not unlike Great Britain ceded power to the US, and a series of other great powers before them.
It’s sad that we do not see like mother Africa is shaping up anytime soon, but perhaps she has seen her best days already, ie in the time of the Pharaohs and pyramids. Everybody gets their turn I guess?
One response to “Made in China”
Well written and researched story. It used to be that the Third World looked to entities like the World Bank, IDB, EU when they needed big capital to drive certain infrastructure development, now its China singlehandedly. The federal govt. of the USA now depends heavily on China to purchase its treasury bills to finance its budget. It’s the changing of the guards, the falling of an empire that we are seeing in our lifetime, not unlike Great Britain ceded power to the US, and a series of other great powers before them.
It’s sad that we do not see like mother Africa is shaping up anytime soon, but perhaps she has seen her best days already, ie in the time of the Pharaohs and pyramids. Everybody gets their turn I guess?