Nothing like Communists having a Five-Year Plan
More proof that, if you still support Free Trade with Communist China, you’re a Communist
Wonder what the Commie Chinese Five-Year Plan is for America?
This’ll be interesting.
Let the Chinese pour their money into the infinite cesspool that is Africa. Their short term gains will be lost by the huge costs of disease, strife, and bitterness carried back home.
The Chinese are re-colonizing Africa. They have plans of settling hundreds of millions of Chinese there, because they avoid hiring locals.
Quote
‘Although the bigger state-owned Chinese enterprises dominate the headlines with large-scale infrastructure and resource-related deals, the most dynamic sector of Chinese investment in Africa is private entrepreneurs investing in manufacturing and assembly plants across the continent.’
He added: ‘Chinese investment in Africa may echo the domestic Chinese investment story, in which the private sector eventually outpaces the state sector.’
The article misleadingly suggests that Chinese entrepreneurs are driving investment in Africa, and then backtracks, admitting that Chinese government boondoggles predominate. I think the real problem with the article is that it does not distinguish between Arab Africa and South Africa - which comprise 60% of Africa’s GDP - and the rest of Africa. What is the dollar value of Chinese investments in Arab Africa and South Africa, compared to that invested in the rest of Africa? Having said that, I’ll agree that we’ve wasted about a trillion dollars by using our military to carry out social work in Iraq and Afghanistan when simple punitive expeditions would have made our point (i.e. attacking or sponsoring attacks on Uncle Sam is an unwise policy) a lot more economically. At the same time, let me point out that unlike China, even if we hadn’t spent that money, it wouldn’t have shown up in the form of American-funded African infrastructure projects. If anything (i.e. faster growing economies, more stable political climates, et al) comes of China’s attempt to reconstruct and improve upon the colonial-era infrastructure in Africa, we will be glad to free-ride upon Chinese investments, much as the Chinese are free-riding upon our Marshall Plan investments in Europe. We will sell iPads, Buicks, Movados and Coach bags to Africans just as readily as we’ve sold them to the Chinese.