Skip to main content

Chinese ‘Debt Trap’ narratives are myth making propaganda manufactured in West

By Bhabani Shankar Nayak* 

The international debt trap is a product of colonial and neo-colonial plunders, imperialist hegemony and neoliberal economic policies imposed by developed countries on developing world. The Asian, African, Latin American and even the capitalist west is suffering from debt due to the dominance of Westphalian capitalist system that controls world economic and politics. However, the reactionary and capitalist ideologues, their mouthpiece mass media, writers, journalists, consultants, think tanks, leaders and their propaganda machines are on a relentless campaign to defame, delegitimise and diminish Chinese achievements. The core idea of this consorted anti-Chinese propaganda is to undermine the alternative development model pursued by China.
The Chinese economic and political engagement in Asia, Africa and Latin America is challenging the debt dependence development model and questions the very foundation of western debt trap designed to exploit natural resources from the developing world. Debt is a political and economic tool of the western countries to control the politics and economic systems of the developing world and continue capitalist hegemony. China is a threat to such world order. From Chinese authoritarianism to Chinese debt trap campaigns are ideologically driven propaganda based on myths. There is absolutely no foundation to these campaigns. Falsehood is a norm for the survival of western hegemony over people and the planet.
The Chinese ‘Debt Trap’ narratives are myth making propaganda. The idea of debt trap diplomacy is to undermine Beijing and its relationship with developing countries. In reality, China provides three different types of loans i.e., i) interest free loan, ii) long term loan for infrastructure with minimal interests and iii) commercial loans. China even allows to restructure the terms of the existing loans based on changing economic conditions of the borrowing countries. China has never grabbed any assets of the any countries that borrowed from China. The acquisitions, investments and integrations are western business strategies in international trade, but China pursues these strategies with a difference when it comes to its lending patterns and policies for the developing countries.
China is the one of the largest official creditors with a global presence, but it never puts conditions of structural adjustments, change of labour laws or liberalisation and privatisation of their economic systems while lending. The western propaganda machine never fails to portray integration and acquisitions as Chinese dominance and debt trap. Chinese economic engagement with the developing countries fundamentally challenges the western hegemony. Therefore, Beijing is branded as an authoritarian devil that intents to colonise and dominate the world. There is no iota of truth in it, but western ideologues look at themselves in prison of their own eyes. The colonial past is a mirror, where the colonisers plays their victim card to hide their past.
The economic and political challenges faced by Asian, African and Latin American countries today are products of their colonial past and neo colonial present dominated by the United States and Western Europe. China is providing loans for infrastructure development by which the developing countries can recover from their western dependency to mobilise their own natural resources.
The African, Asian and Latin American counties are not currently under substantial Chinese debt. In fact, the share of Chinese debt in comparison to total debt to GDP ratio is very minimal. So, it is time to debunk the unfounded narratives and propaganda around Chinese debt trap diplomacy. The expansion of Chinese economic and political engagement with developing countries help in reducing their dependency on western capital, which makes western powers uncomfortable and persistently spread lies against China. This is a diversionary strategy of the western leaders to hide their political and economic failures. Falsely outsourcing of all the blame on China is not going to hide failures of capitalism and so-called western democracy. The deepening of democracy depends on a debt free world economy. It can be facilitated by politics of unity, peace, solidarity and shared prosperity. The Chinese economy and politics based on peace, cooperation, development and socialism are four pillars of Chinese alternative for the world to pursue.
A debt driven western dominance based on capitalism is not an economic or political alternative. It has failed in different stages of history. The world does not need a unipolar, bipolar and multipolar world order led by United State, China, France, Britain, Germany, Russia and India. The world politics needs to focus on people, peace and planet based on egalitarian values of liberty, justice, fraternity and citizenship rights. A people and planet centric world order is the call of the day for a sustainable tomorrow.
---
*University of Glasgow, UK

Comments

TRENDING

देशव्यापी ग्रामीण भारत बंध में उतरे मध्य प्रदेश के आदिवासी, किया केंद्र सरकार का विरोध

- हरसिंग जमरे, भिखला सोलंकी, रतन अलावे*  15 और 16 फरवरी को निमाड के बड़वानी, खरगोन और बुरहानपुर में जागृत आदिवासी दलित संगठन के नेतृत्व में आदिवासी महिला-पुरुषों ग्रामीण भारत बंद में रैली एवं विरोध प्रदर्शन किया । प्रधान मंत्री द्वारा 2014 में फसलों की लागत का डेढ़ गुना भाव देने का वादा किया गया था, 2016 में किसानों की आय दुगना करने का वादा किया गया था । आज, फसलों का दाम नहीं बढ़ रहा है, लेकिन खेती में खर्च बढ़ता जा रहा है! खाद, बीज और दवाइयों का दाम, तीन-चार गुना बढ़ चुका है! किसानों को लागत का डेढ़ गुना भाव देने के बजाए, खेती को कंपनियों के हवाले करने के लिए 3 काले कृषि कानून लाए गए । 3 काले कानून वापस लेते समय प्रधान मंत्री ने फिर वादा किया था कि फसलों की लागत का डेढ़ गुना भाव की कानूनी गारंटी के लिए कानून बनाएँगे, लेकिन वो भी झूठ निकला! आज जब देश के किसान दिल्ली में आपको अपना वादा याद दिलाने आए है, तब आप उनका रास्ता रोक रहें है, उनके साथ मारपीट कर उन पर आँसू गैस फेंक रहें हैं, उन पर छर्रों से फायरिंग कर रहें है! देश को खिलाने वाला किसान खुद भूखा रहे, क्या यही विकास है?

नफरती बातें: मुसलमानों में असुरक्षा का भाव बढ़ रहा है, वे अपने मोहल्लों में सिमट रहे हैं

- राम पुनियानी*  भारत पर पिछले 10 सालों से हिन्दू राष्ट्रवादी भारतीय जनता पार्टी (भाजपा) राज कर रही है. भाजपा आरएसएस परिवार की सदस्य है और आरएसएस का लक्ष्य है हिन्दू राष्ट्र का निर्माण. आरएसएस से जुड़ी सैंकड़ों संस्थाएँ हैं. उसके लाखों, बल्कि शायद, करोड़ों स्वयंसेवक हैं. इसके अलावा कई हजार वरिष्ठ कार्यकर्ता हैं जिन्हें प्रचारक कहा जाता है. भाजपा के सत्ता में आने के बाद से आरएसएस दुगनी गति से हिन्दू राष्ट्र के निर्माण के अपने एजेण्डे को पूरा करने में जुट गया है. यदि भाजपा को चुनावों में लगातार सफलता हासिल हो रही है तो उसका कारण है देश में साम्प्रदायिकता और साम्प्रदायिक मुद्दों का बढ़ता बोलबाला. इनमें से कुछ हैं राम मंदिर, गौमांस और गोवध एवं लव जिहाद. 

Only 15% businesses provide employees real-time sustainability dashboards: Study

Kyndryl in collaboration with Microsoft has released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm, finds that while 85% of organizations place a high strategic level of importance on achieving their sustainability goals, only 16% have integrated sustainability into their strategies and data. A Kyndryl note: *** Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, in collaboration with Microsoft , today released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm , finds that while 85% of organizations place a high strategic level of importance on achieving their sustainability goals, only 16% have integrated sustainability into their strategies and data.

How the slogan Jai Bhim gained momentum as movement of popularity and revolution

By Dr Kapilendra Das*  India is an incomprehensible plural country loaded with diversities of religions, castes, cultures, languages, dialects, tribes, societies, costumes, etc. The Indians have good manners/etiquette (decent social conduct, gesture, courtesy, politeness) that build healthy relationships and take them ahead to life. In many parts of India, in many situations, and on formal occasions, it is common for people of India to express and exchange respect, greetings, and salutation for which we people usually use words and phrases like- Namaskar, Namaste, Pranam, Ram Ram, Jai Ram ji, Jai Sriram, Good morning, shubha sakal, Radhe Radhe, Jai Bajarangabali, Jai Gopal, Jai Jai, Supravat, Good night, Shuvaratri, Jai Bhole, Salaam walekam, Walekam salaam, Radhaswami, Namo Buddhaya, Jai Bhim, Hello, and so on.

Laxmanpur Bathe massacre: Perfect example of proto-fascist Brahmanical social order

By Harsh Thakor  The massacre at Laxmanpur-Bathe of Jehanabad in Bihar on the night of 1 December in 1997 was a landmark event with distinguishing features .The genocide rightly shook the conscience of the nation in the 50th year of Indian independence. The scale of the carnage was unparalleled in any caste massacre. It was a perfect manifestation of how in essence the so called neo-liberal state was in essence most autocratic. 

Tamil Nadu brahmins are at cross roads, their future scenario remains uncertain

By NS Venkataraman*  For over 70 years now, brahmin community in Tamil Nadu have been abused, insulted and even physically attacked on some occasions by those who claimed that they were part of the so called dravidian movement. However, brahmin community silently and helplessly ducked under pressure and showed no signs of resistance or fight back.

गुजरात विश्वविद्यालय कुलपति महोदया का बयान उल्टा चोर कोतवाल को डांटे समान है

गुजरात विश्व विद्यालय परिसर में विदेशी छात्रों को सांस्कृतिक संवेदनशीलता का पाठ देने की ख़बर के संबंध में विश्व विद्यालय को खुला पत्र: --- प्रति श्री, कुलपति महोदय गुजरात विश्वविद्यालय अहमदाबाद विषय- गुजरात विश्व विद्यालय परिसर में विदेशी छात्रों को सांस्कृतिक संवेदनशीलता का पाठ देने की ख़बर के संबंध में। महोदया,

અંકલેશ્વર/પાનોલી માં વાંરવાર અકસ્માત ના બનાવો બને છે એ એક ચિંતન નો વિષય છે

- સલીમ પટેલ*  પાનોલી જીઆઇડીસીમાં ઓદ્યોગિક ઘન/પ્રવાહી કચરાનું રીસાયલીંગ કરતી RSPL નામની કમ્પની આવેલ છે. જે અન્ય ઓદ્યોગિક એકમોના રાસાયણિક કચરાને રીસાયલીંગ કરવાનું કામ કરે છે જેમાં અનેક અને દુર –દુર ના એકમોનો રાસાયણિક કચરાને અહિયાં પ્રોસેસ માટે લાવવામાં આવે છે. આ દરમ્યાન 23.03.24 નાં રોજ મોડી સાંજે કોઈ કારણોસર રાસાયણિક કચરામાં આગ લાગતા હોળી પેહલા જ વેસ્ટ કેમિકલ હોળી દહન ના દ્ર્શ્યો સર્જાયા હતા અને તેમાં સોલ્વન્ટ સહીત ના ઝેરી તત્વો શામેલ હોવાના લીધે વાતાવરણ પ્રદુષિત બનતા આસપાસના લોકોમાં ભય ફેલાયો હતો. આ અગાઉ પણ ગત વર્ષે પણ પાનોલી જી આઈ ડી સી માં આગ અકસ્માત નો બનાવ બનતા કેટલાક ગામો ને ખાલી કરવાની ફરજ પડી હતી જે ઘટના ને યાદ કરી પ્રજા માં ભય નું વાતાવરણ સર્જાયું હતું.

Erroneously linked with Maoist party, activist arrested under UAPA for his bold voice

By Harsh Thakor* On Monday 11 th of March , the National Investigation Agency (NIA) of the repressive Indian State presented fabricated charges against Sanjoy Deepak Rao in the jurisdiction of a special court for the NIA in Hyderabad. Sanjoy Deepak Rao, a progressive intellectual from Jammu and Kashmir, was already arrested several times for his bold voice. Last September he was arrested again, in Telangana, this time charged of being a leader of the Communist Party of India (Maoist), a party which leads the People’s War against the old Indian State.

सीएए: देश को बांटने का एक और औज़ार जब इलेक्टोरल बॉण्ड घोटाला सामने आ रहा था

- राम पुनियानी  जिस समय इलेक्टोरल बॉण्ड से जुड़ा बड़ा घोटाला परत-दर-परत देश के सामने उजागर हो रहा था, ठीक उसी समय केन्द्रीय गृह मंत्री श्री अमित शाह ने नागरिकता संशोधन अधिनियम (सीएए) लागू करने के लिए नियमों और प्रक्रिया की घोषणा कर दी. यह अधिनियम करीब 4 साल पहले संसद द्वारा पारित किया गया था. इसे लागू करने की घोषणा उस समय की गई जब इलेक्टोरल बॉण्ड घोटाला सामने आ रहा था और आम चुनाव नज़दीक थे. भाजपा की राजनीति के रंग-ढंग देखते हुए घोषणा के किए यह समय चुने जाने का उद्देश्य स्पष्ट है.