This is essentially what China is trying to do now with Belt and Road, debt colonialism -- lend to poor, desperate nations at exhorbitant rates so they can build infrastructure like ports and roads, and then when they can't pay you take the infrstracture. Voila, you've gotten a geopolitical foothold that you wouldn't have been able to otherwise.
3
How The IMF and World Bank Debt Trapped Somalia Forcing them Into Austerity | Spyke
1 reply
This is essentially what China is trying to do now with Belt and Road, debt colonialism -- lend to poor, desperate nations at exhorbitant rates so they can build infrastructure like ports and roads, and then when they can't pay you take the infrstracture. Voila, you've gotten a geopolitical foothold that you wouldn't have been able to otherwise.