An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Seen it before, and it really IS a great Q and A, and a helpful repost by Kaivey. Of course, and I admire him intensely, some of what Varoufakis says here is untrue -- as if China holding US debt were a genuine problem (and he knows better).
That said, China is generally less predatory than western countries in its investment in Africa (albeit less subject to internal criticism about human rights and environmental uses). But what China does well should not blind us to the abuses of the regime either. However, by the same token, the Chinese government's achievements are not invalidated by its harms. We need nuanced reporting on China, not cheer-leading for or against.
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The CIA needs to hire this woman ASAP.
Seen it before, and it really IS a great Q and A, and a helpful repost by Kaivey. Of course, and I admire him intensely, some of what Varoufakis says here is untrue -- as if China holding US debt were a genuine problem (and he knows better).
That said, China is generally less predatory than western countries in its investment in Africa (albeit less subject to internal criticism about human rights and environmental uses). But what China does well should not blind us to the abuses of the regime either. However, by the same token, the Chinese government's achievements are not invalidated by its harms. We need nuanced reporting on China, not cheer-leading for or against.
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