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  • China needs rare Earth for its own production, which drives the reason it is involved in Africa to begin with. The difference is that China needs to sell its goods internationally, so it can't just relentlessly exploit these countries. As a consequence, it frequently forgives loans, and moreover does not require clauses requiring privatization of nationalized resources to do so. China's economic model requires some degree of multilateralism to continue to exist, it isn't a consumption driven economy nor one dominated by private financialized Capital.

    Finland's economy is externally driven, it relies on brutal production in the Global South for much of its commodities, and does so with immense financialized Capital. China's is internally driven and focused far more on manufacturing and selling.

234 comments