@TybeeMedia it doesn't really say what would happen if countries default on their loans from china.
zambia did but then what? they got no more $ but why did that result in austerity for them? when they defaulted, presumably, no payments to make on the loans they defaulted on. so why didn't that spending go back to programs, utilities, health care, etc?
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@TybeeMedia it doesn't really say what would happen if countries default on their loans from china.
zambia did but then what? they got no more $ but why did that result in austerity for them? when they defaulted, presumably, no payments to make on the loans they defaulted on. so why didn't that spending go back to programs, utilities, health care, etc?