Recent comments in /f/worldnews

Contagious_Cure t1_jee60j9 wrote

It's arguably not even extortion. Venezuela secures a loan via promises of discounted iron ore sales to China. They weren't able to produce the promised iron ore so they continue to owe money because they didn't hold up their end of the agreement. This is the normal operation of failing to fulfil your part of an agreement.

If China asked for something outside the deal that they weren't otherwise entitled to, like say "let me build a military base in Venezuela or else I'll recall the debt" then it's extortion.

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Oxon_Daddy t1_jee5ua9 wrote

Whether or not what you have said is true (and I don't think that it is, but we can assume that it is true for the sake of argument), it is an obvious case of whataboutism.

The article concerns allegations that China is extending loans to low-income countries that they cannot service and using their debt to exert influence over them.

That analogies can or cannot be drawn about the relations between elite and proletariat classes within nations does not address, and merely distracts, from the subject of the article.

If elite classes are oppressing the proletariat as your comment implies, that is bad; but that is not a reason not to address credible allegations that China engages in "debt trap" diplomacy to influence impoverished nations.

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Contagious_Cure t1_jee5l47 wrote

Where's the blackmail? Do you know what blackmail is? Did you even read your own linked article? China and Venezuela made a deal where China would loan them money in exchange the sale of Iron ore at a heavily discounted rate. In the end Venezuela were unable to produce the iron ore quotas despite fuether investment from China intended to increase their productivity. So China doesn't get the Iron Ore they were promised and Venezuela still owes money to China because they didn't meet the Iron Ore Quota they promised.

Where's the blackmail?

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himit t1_jee4onj wrote

Post-Brexit there was a big push to get Brits working on the farms again. If the pay wasn't abysmal there'd be a requirement to live on-site and off-site applicants wouldn't be considered...like, what? If I like 30 minutes down the road with my family I'm not going to move out for the damn season just so I can pay the farmer extra rent.

And then it's 'Brits just don't want these jobs!'

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