this post was submitted on 17 Jan 2024
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[–] [email protected] 0 points 10 months ago (1 children)

The whole One Belt One Road initiative?

[–] [email protected] 0 points 10 months ago* (last edited 10 months ago) (1 children)

I've followed the developing belt and road initiative and it works like this: China invests in various countries' infrastructure to expand trade capacity. So far the only criticism the western media has leveled at it is that it is supposedly a debt trap. And the big evidence for that is Sri Lanka's port. However, the majority of Sri Lankan debt is held by Western banks. The Chinese loan was not at a higher interest rate. Yet somehow, China is to blame? In what way do you consider the BRI to be a hegemonic project?

[–] [email protected] 0 points 10 months ago (1 children)

That's a very naive take. Even if BRI was only meant for trade - so much influence on trade necessarily means that China will have greater political power over included countries. The debt trap thing is also true - the westerners noticed it because they employed the same tactics to gain influence over other countries. These are pretty hegemonic things to do.