15-Sep-18 World View -- Zambia denies defaulting on infrastructure loans from China

Discussion of Web Log and Analysis topics from the Generational Dynamics web site.
John
Posts: 9181
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

15-Sep-18 World View -- Zambia denies defaulting on infrastructure loans from China

Postby John » Fri Sep 14, 2018 11:14 pm

15-Sep-18 World View -- Zambia denies defaulting on infrastructure loans from China


Zambia faces long term corruption concerns

** 15-Sep-18 World View -- Zambia denies defaulting on infrastructure loans from China
** http://www.generationaldynamics.com/pg/xct.gd.e180915.htm#e180915




Contents:
Zambia denies defaulting on infrastructure loans from China
Zambia faces long term corruption concerns


Keys:
Generational Dynamics, China, Zambia, Edgar Chagwa Lungu,
ZEWASCO, Kenneth Kaunda International Airport, KKIA,
Africa Confidential, Margaret Mwanakatwe,
Global Fund to fight Aids, Tuberculosis and Malaria,
Patriotic Front, World Bank

Goose
Posts: 13
Joined: Sat Jul 28, 2018 8:14 am

Re: 15-Sep-18 World View -- Zambia denies defaulting on infrastructure loans from China

Postby Goose » Sat Sep 15, 2018 8:12 am

What can anyone expect. Africa as a whole has an IQ of less than 90. So even if educated the ability to negotiate with anyone a deviation or 2 higher will lead to a poor result. Most African government revenue comes from non repeat sources. Sale of natural resources, loans/gifts and import tariffs. The problem is that they do not produce items needed for infrastructure maintenance those have to be imported. With high tariffs (both legal and extortion variety) and generalized poverty nothing gets fixed or gets maintained. In addition there is a very tight "in group" culture so if you are in the "in" you do well if you are out in the "bush" you do badly and if you support the "in" group you do so - so. Add to that the European medicines and you have a burgeoning population without the ability to support them. Therefore steal what you can, put it in stable countries, and hold on for as long as possible. Sounds like psychopathic continent.

As for South Africa the collapse will happen very quickly (like right now). The Whites are told their land will be stolen with out compensation, if you have mortgages or crop loans or debt you will still have to pay it off. So it is now stupid to borrow or invest effort in land (a long term strategy) so most will not and the last country in Africa able to feed itself soon will be starving. For those not in the know land transfers have been happening for more than 20 years and almost all of the land transferred is not only fallow but destroyed as arid land farming takes specialized knowledge and high effort inputs. So white farmers, driven off or killed off, farming will be a lost art. But stupid behavior has its own special rewards.
Anyone who feels sorry for any human in Africa is wasting their time and I for one no longer care, instead feel sorry for all of the animals (food source) soon to be extinct except in western zoos.
Goose

Guest

Re: 15-Sep-18 World View -- Zambia denies defaulting on infrastructure loans from China

Postby Guest » Sat Sep 15, 2018 10:04 am

In other news, the United States has not denied defaulting on any of its debt to China.


Return to “Weblog News Comments and Discussion”

Who is online

Users browsing this forum: No registered users and 11 guests