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.
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retrospectology@lemmy.world · 3 pts · 2y
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.