this post was submitted on 03 Dec 2022

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China’s Belt and Road Initiative ‘debt trap’ narrative dispelled by US report, but reveals more Sri Lankan debt (archive.ph)

submitted 2 years ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] HiddenLayer5@lemmy.ml 6 points 2 years ago (1 children)

The US is more guilty of debt trap than China ever was.

[–] knfrmity@lemmygrad.ml 5 points 2 years ago

The US created the debt trap, the US are the masters of the debt trap. They stumbled upon it by accident after WWI, did it on purpose for WWII, and internationally institutionalized it after the war. Every time global conditions shift and stop supporting the current US debt trap model, the US shifts to make sure the debt trap continues.