china pulls africa and south america into the 21st century

Saturday, October 2nd, 2010

that’s what the headline should be. but the independent reports this as ‘fears of chinese land grab.’

but at least the journalist acknowledges that china ‘follows a simple formula, offering premium prices and massive infrastructure investments in return for long-term concessions for key resources. And the positive impact is evident in spanking new infrastructure including hospitals, ports, and road and rail links being built with the influx of Chinese money.’

a commentor on the independent’s website who goes by ‘vic-the-brit’ sums everything up nicely. ‘Well at least China is paying hard cash. Europe and the US used to just take it by force, vitually enslave the population, grab as many resources as possible and kick the natives down if they got restless. ‘

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