xSync 🇰🇵😼

Imperialism today is the dominance of finance capital which gravitates around the IMF and World Bank. These institutions sleek to debt trap foreign countries, prevent agricultural reform, and make them entirely dependent on western financing and raw materials exports to western countries. Chinese foreign policy is the number one threat to the regime of finance capital in the world today because they finance the development of productive infrastructure in countries where development has been fettered by Western finance. The US strategy is to trap foreign countries in debt far beyond their ability to pay, then impose austerity on these countries when they inevitably need to refinance their loans. The Chinese strategy is to help these same countries develop productive infrastructure so they can become economically independent and produce more value, which can then be reinvested in further development rather than being siphoned away by Western financiers. And this is why so many African, South Asian, and South American countries now prefer China to the US & Europe. Of course China also benefits from this, as development abroad creates new trade opportunities and markets for them, but this is win-win cooperation that benefits both parties involved. Entirely the opposite of US foreign policy which enriches Western financiers at the expense of the debtor countries which become trapped in poverty and debt. Combined with the recent resurgence of Russia this is providing new possibilities for anti-imperialist development across the global south. China wont involve themselves in the internal politics of foreign countries, but Russia is more than happy to give then weapons and even troops for the purpose of defending their sovereignty against NATO forces. How anyone could look at the current global situation and claim that Russia and China are the imperialists is mind boggling to me.