Moon of Alabama Brecht quote
April 15, 2023
How China Is Breaking The Colonial Effects Of Western Lending

In their latest Geo Economical Report economists Radhika Desai and Michael Hudson discuss Russia's move away from the 'West'.

The points on Russia are certainly interesting. But they also remark on the tussle between China and 'multilateral' international lenders about debt forgiveness. This is a theme that played out in Washington DC last week during a high-level sovereign debt roundtable on the sidelines of the World Bank and International Monetary Fund Spring meetings in Washington.

In their talk Radhika Desai explains the basic problem with international debt:

RADHIKA DESAI: Well I think that the whole issue of debt, world debt in particular, has become a really important issue at this point, and it’s become an important issue because precisely now China is such a large part of the scene.

I remember going back to the earliest days of the pandemic when Third World debt had also figured as a major issue. Already at that point, the key reason why the debt issues were not going to be settled is because the West could not come to terms with the fact that it had to deal with China, and that it had to deal equitably with China.

Because what the West wants to do is precisely to get China to refinance the debt owed to it so that Third World debt repayments go to private lenders.

And China is basically questioning the terms of all of this, because for example China is saying, “Why should the IMF and the World Bank have priority? Why should its debt not be canceled?”

And the West is saying, “But this has always been so.”

And China is saying, “Well, if you don’t want to reform the IMF and the World Bank, then we are not going to accept their priority. If we have to take a haircut, they will also have to take a haircut.”

They simply do not accept that these institutions, the Bretton Woods institutions, have any sort of priority.

And this is part of the undermining, as you were saying. This is one of the biggest changes since the First World War. And part of these changes is that the world made at the end of the Second World War by the imperialist powers, who are still very powerful, is now increasingly disappearing.

On Wednesday a Reuters report claimed that China was changing its stand on the issue:

WASHINGTON (Reuters) – China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor nations, removing a major roadblock to debt relief, a source familiar with the plans said.

The development is expected at a high-level sovereign debt roundtable on Wednesday on the sidelines of the World Bank and International Monetary Fund Spring meetings in Washington.

Beijing would no longer insist multilateral lenders take “haircuts” on loans to poor countries, the source said on Tuesday, while the IMF and World Bank agreed to ensure their debt sustainability analyses of countries undergoing debt restructurings would be made available to Chinese authorities earlier in the process.

The rumor that China would change its principle position turned out to be wrong. Reuters being abused by anonymous sources to make politics is not unusual. But in this case the piece came with a picture of U.S. Treasury Secretary Janet Yellen so its likely that she was the "source familiar with the plans" which pushed this false rumor.

As the New York Times reported yesterday in way too many misleading words the issue was not resolved:

WASHINGTON — China, under growing pressure from top international policymakers, appeared to indicate this week that it is ready to make concessions that would unlock a global effort to restructure hundreds of billions of dollars of debt owed by poor countries.

China has lent more than $500 billion to developing countries through its lending program, making it one of the world’s largest creditors.
…
The United States, along with other Western nations, has been pressing China to allow some of those countries to restructure their debt and reduce the amount that they owe. But for more than two years, China has insisted that other creditors and multilateral lenders absorb financial losses as part of any restructuring, bogging down a critical loan relief process and threatening to push millions of people in developing countries deeper into poverty.
…
Ghana appealed to the Group of 20 nations this year for debt relief through a fledgling program known as the Common Framework after securing preliminary approval for a $3 billion loan from the I.M.F. That money is contingent on Ghana’s receiving assurances that it can restructure the approximately $30 billion that it owes to foreign lenders. Officials from Ghana have been meeting with their Chinese counterparts about restructuring the $2 billion that it owes China.
…
Wang Wenbin, a spokesman for the Chinese Foreign Ministry, said on Friday that China had put forward a three-point proposal that included calling for the I.M.F. to more quickly share its debt sustainability assessments for countries that need relief, and for creditors to detail how they will carry out the restructurings on “comparable terms.”

The three point proposal is not a change but simply a repeat of China's long standing position:

Spokesperson发言人办公室 @MFA_China – 15:09 UTC · Apr 14, 2023

To effectively resolve the debt issue, the key lies in joint participation of multilateral, bilateral and commercial creditors under the principles of joint actions and fair burden-sharing.

The case of Ghana shows that the IMF, over which the U.S. has a veto, will only lend fresh money if bilateral lenders like China, but not the 'multilateral' IMF or World Bank, nor private 'western' lenders, take haircuts.

A long People's Dispatch piece about the IMF and Ghana's debt crisis describes how the debt spiral is hitting the poor but resource rich countries again and again. The debt is a continuation of colonialism and China has little to do with that:

Based on the World Bank’s International Debt Statistics, 64% of Ghana’s scheduled foreign currency external debt service, which includes principal and interest amounts, between 2023 and 2029 is to private lenders. 20% of the debt is to multilateral institutions and 6% to other governments. Notably, while mainstream reporting on Ghana’s debt scenario tends to emphasize China as the country’s “biggest bilateral creditor,” only 10% of Accra’s external debt service is owed to Beijing.

Approximately $13 billion of Ghana’s external debt is held in the form of Eurobonds by major asset management corporations including BlackRock, Abrdn, and Amundi (UK) Limited. “Ghana’s lenders, particularly private lenders, lent at high-interest rates because of the supposed risk of lending to Ghana,” the open letter read.

“The interest rate on Ghana’s Eurobonds is between 7% and 11%. That risk has materialized… Given that they lent seeking high returns, it is only right that following these economic shocks, private lenders willingly accept losses and swiftly agree to significant debt cancellation for Ghana.”

In 2020 the G20 promised to implement a Common Framework for debt relief:

[T]he Common Framework had the opportunity to provide a broader debt cancellation, involving private creditors alongside bilateral lenders in the process to ensure that countries’ debts became sustainable.

“But very little was done to outline the details of how that would work. While the G20 stated that government and private lenders would be included in the scheme, however, multilateral lenders were excluded,” [Tim Jones, the head of policy at Debt Justice,] said.

“They did not give any new mechanisms to countries to negotiate a reduction in their debt owed to private creditors, leaving it to the debtor governments to say ‘If you want debt cancellation from governments, you have to negotiate the same deal from private creditors.’ But they did not offer any tools to help indebted countries to do that.”

There should of course be a mechanism by which countries can restructure their debt and in which all lenders make similar concessions. However the IMF and others offer no such thing. They are only willing to give more money when a country makes political concessions over IMF prescribed austerity measures and uses the fresh money to pay private 'western' lenders.

China is now determined to end that scheme. China insists that the IMF, the World Bank and private lenders take a similar share of debt losses as it is willing to take:

China is willing to implement the common framework for debt disposal with other countries, China's central bank governor Yi Gang said during the World Bank and International Monetary Fund (IMF) spring meetings, according to a statement released by the People's Bank of China on Friday.

Echoing Yi's remark, Chinese Foreign Ministry spokesperson Wang Wenbin said at a press conference on Friday that China attaches great importance to the sovereign debt issue of developing countries and called for multilateral creditors, bilateral creditors and commercial creditors to participate in debt handling in accordance with joint action and fair manner.
…
"China has contributed more than anyone else to implementing the G20 Debt Service Suspension Initiative (DSSI). Besides, we have played a constructive part in the treatment of individual cases under the G20 Common Framework," Wang said.
…
In contrast, Western creditors claim they need to maintain their credit rating and have thus refused to be part of the debt relief and service suspension effort, Wang said, noting that unprecedented massive interest rate hikes have led to tightening of financial conditions worldwide, making the severe debt problems of certain countries even worse.

China continues to press for its new scheme of international debt relief under equal terms for all lender. I am not ware of any pressure point the 'West' could use to change that position.

The IMF and its abusive role in global debt was likely a subject matter in the hours long talks Presidents Xi and Putin had in Moscow last month. Lets remember what was said at the end of that visit:

“Right now there are changes – the likes of which we haven’t seen for 100 years – and we are the ones driving these changes together,” Xi told Putin as he stood at the door of the Kremlin to bid him farewell.

The Russian president responded: “I agree.”

As Radhika Desai, quoted above, said about China's debt relief standpoint:

This is one of the biggest changes since the First World War.

Michael Hudson summarizes the consequences:

Well obviously, the one thing the characterizes the new global World Majority order is a mixed economy where other countries will do what China has done. They will make money and land, meaning housing, and employment into public rights and public utilities instead of commodifying them and privatizing them and financializing them as has occurred in the West.

So we’re really talking about, in order to move away from the dollar-NATO-sphere, we’re not really talking about just one national currency or another.

It’s not going to be a question of the Chinese yen and the Russian ruble and other currencies replacing the dollar. It’s a whole different economic system.

That’s the one thing that is not permitted in the mainstream media to discuss. They’re still on the “There Is No Alternative” Margaret Thatcher slogan, instead of talking about: What is the alternative going to be?

Because obviously things cannot last the way they are now.

Comments

#95 @Surferket

Just shows the troll’s ideological ignorance.
Private sector in China contributes 60% of GDP and employs 80% of labour force.
That don’t sounds like a “totalitarian communism” at all.
But to some, ignorance is Truly Bliss.

France, with the GDP for government at 60% and 40% private sector (vs. the reverse
in China), is obviously a far more communist place than modern-day China.

Posted by: BillB | Apr 16 2023 1:29 utc | 101

Russia and China have leaders that are of the people and for the people, and now we see that it spreads to all people, not just the citizens of their countries.
In Russia and China, their is a very clear separation between government and business. In the west they merge. In China, if the Rich begin trying to influence government policy the disappear from the public eye for some time.
This video is quite long “The rise and fall of the Russian oligarchs”. It should start at the point when Putin has won his first election. One of the items on the agenda was to call all the oligarchs in for a meeting, laying down the law and telling them that from that point on there would be a clear separation between government and business.
There is a bit of footage of those who did not accept the new rules getting taken down in no uncertain terms. They would lose everything (although all had their fortunes stashed offshore).
The last oligarch in the documentary that gets broken, the narrator craps on a bit about democracy as if that equates to being nice to oligarchs that had sent the majority of Russians into absolute poverty. Overall though it is worth watching right through.
https://youtu.be/oLNKqbwec0s?t=5021

Posted by: Peter AU1 | Apr 16 2023 1:49 utc | 102

Posted by: BillB | Apr 16 2023 1:29 utc | 101
This is socialism with a Chinese face. Even Jack Ma returned to China to help with national rejuvenation despite being publicly slapped down by the CPC govt.
Western critics simply have no understanding of China’s form of socialism, insisting dogmatically that Lenin’s Communism is engraved in stone and cannot be adapted to different circumstances.
Deng wasn’t the first reformer of China. He was simply putting into actions that Mao had wrote about much earlier.
“Mao:
“The present-day capitalist economy in China is a capitalist economy which for the most part is under the control of the People’s Government and which is linked with the state-owned socialist economy in various forms and supervised by the workers. It is not an ordinary but a particular kind of capitalist economy, namely, a state-capitalist economy of a new type. It exists not chiefly to make profits for the capitalists but to meet the needs of the people and the state. True, a share of the profits produced by the workers goes to the capitalists, but that is only a small part, about one quarter, of the total. The remaining three quarters are produced for the workers (in the form of the welfare fund), for the state (in the form of income tax) and for expanding productive capacity (a small part of which produces profits for the capitalists). Therefore, this state-capitalist economy of a new type takes on a socialist character to a very great extent and benefits the workers and the state.”
“The national bourgeoisie at the present stage is of great importance. Imperialism, a most ferocious enemy, is still standing alongside us. China’s modern industry still forms a very small proportion of the national economy. No reliable statistics are available, but it is estimated, on the basis of certain data, that before the War of Resistance Against Japan the value of output of modern industry constituted only about 10 per cent of the total value of output of the national economy. To counter imperialist oppression and to raise her backward economy to a higher level, China must utilize all the factors of urban and rural capitalism that are beneficial and not harmful to the national economy and the people’s livelihood; and we must unite with the national bourgeoisie in common struggle. Our present policy is to regulate capitalism, not to destroy it. But the national bourgeoisie cannot be the leader of the revolution, nor should it have the chief role in state power. The reason it cannot be the leader of the revolution and should not have the chief role in state power is that the social and economic position of the national bourgeoisie determines its weakness; it lacks foresight and sufficient courage and many of its members are afraid of the masses.”
(From a 1949 statement)
“https://www.marxists.org/reference/archive/mao/selected-works/volume-5/mswv5_30.htm”
“https://www.marxists.org/reference/archive/mao/selected-works/volume-4/mswv4_65.htm”

Posted by: Surferket | Apr 16 2023 2:22 utc | 103

Deplorable Commissar @ 66:
I was suspicious of the language you used @ 22.
I will take you at your word that your comment was intended as unbiased.
However, suggesting that Russia and China might take certain countries under their wing and teach them proper self-governing comes fraught with their own assumptions. The parties involved have to agree on what levels of transparency and accountability to the public are acceptable, and what corruption means for them. The parties may agree for example that nepotism is unacceptable but might disagree on how far to root out corruption based on nepotism in individual ministries, parties or even in individual electorates. The voting public in some countries might prefer voting for sons and daughters of past politicians because they have clan-based social structures and have always looked up to leading clans. This is where outsiders coming in, looking to reform political and economic practice in the name of cleaning up corruption, come up against local values and mores.
And there is no reason to suppose that outsiders from Russia and China, training local people in Russian and Chinese practice, might not use that practice to enrich themselves, or that the politicians and bureaucrats they train would not do the same.
At the end of the day, countries wanting to avoid corruption or to reform their politics, economies and financial systems need to work out what they want and what they value, and figure out their own paths. Yes, they can ask for help and advice, they should be able to borrow funds where funding is required (and demonstrate that the money is being invested wisely and in ways open to public scrutiny), but they need to retain independent decision-making capabilities including the right to refuse advice. They need to make their own mistakes and learn from them as the Russians and Chinese have had to do in the past, painful though such mistakes and learning from them have been.

Posted by: Refinnejenna | Apr 16 2023 2:25 utc | 104

stand strong, china!!!!
the imf is a big part of making the world in the image of the neoconlibs.

Posted by: polarbear4 | Apr 16 2023 2:57 utc | 105

Posted by: Refinnejenna | Apr 16 2023 2:25 utc | 104
Look at these comments! Transparency, Accountability, Corruption, Decision-Making Capabilities……All big words, implying that you were morally superior to the countries in your mind.
I have bad news for you, US/EU/Anglosphere all have the same, but worse, characteristics. Except they are so vain that they don’t see themselves as such.
Which means that you are suspected of projecting!

Posted by: KitaySupporter | Apr 16 2023 3:21 utc | 106

FAIRNESS & ACCURACY IN REPORTING published an excellent article on this topic last year.
https://fair.org/home/why-comparing-chinese-africa-investment-to-western-colonialism-is-no-joke/
Post-independence Africa’s economic relationship with the West has been mediated through the International Monetary Fund and the World Bank. Funding for projects comes with a range of conditionalities; when Western loans come due, the IMF demands painful cuts to health and education programs as the price of refinancing. In the past, the IMF has taken outright control of African governments. At other times, the US has sponsored coups, assassinated leaders and fomented civil wars on the continent.
China, meanwhile, does not attach political strings to its loans. China is known as a “patient” investor, making deals that take decades to pay off. When the Chinese loans come due, China reschedules or restructures debt payments. Ex-Minister for Public Works for Liberia, Gyude Moore, cited 87 cases of restructuring or rescheduling of such loans between 2000–19.
Which of these two approaches sounds like neocolonialism, and which like economic development?…

Posted by: farm ecologist | Apr 16 2023 3:25 utc | 107

@ Refinnejenna | Apr 15 2023 21:30 utc | 51

A big part of Sri Lanka’s debt is the monies borrowed from Chinese banks to fund the construction of Hambantota port and port facilities in southern Sri Lanka. I believe there was some arrangement under which Sri Lanka leased the port to China for 99 years, starting in 2017, and a Chinese company (state-owned?) has a majority 70% equity stake.

That is without mentioning Colombo’s new (Chinese) harbour and the fact that the Rajapakse family became billionairs on these deals. https://indianexpress.com/article/explained/explained-sri-lanka-rajapaksa-family-8020933/
Pakistan is in similar dire straits, with loans from both the IMF and the CCP & Arab kings. Myanmar still has its head above water, but barely.
The CCP makes good competition for the IMF, but they are no philanthropists either.
Why favor the Triads over the Mafia?

Posted by: Antonym | Apr 16 2023 4:04 utc | 108

Light Years From Home, @70, LoL. Sunny Runny Burger, @73, Yes, after she was picked up for solicitation.

Posted by: Immaculate deception | Apr 16 2023 4:23 utc | 109

Pepe wrote a brilliant piece, navigating the subtleties of Chinese culture, but his best line was a guttural shout:
“The massive round table set up by Chinese protocol with the “jungle” in the middle and Macron and von der Leyen positioned as if for a job interview was a monster hit on Weibo and We Chat. That led to endless discussions on how China is now finally able to “drive a wedge among the barbarians”.”
Driving a wedge among the barbarians. That’s a new album title by the band that does not yet exist.
“Stick a fork in them, and turn ’em over. They’re done. ”
Lou Reed, The Last Great American Whale ….
https://www.youtube.com/watch?v=yKkyhFuvByU

Posted by: N Hanrahan | Apr 16 2023 4:34 utc | 110

Light Years, @70, Waitress, I’d like a word salad with Russian dressing, mumbo-jumbo fries, a nothing burger, and a whole lotta beer to swallow it all down.

Posted by: Immaculate deception | Apr 16 2023 4:44 utc | 111

Sadly it is an almost an INTRACTABLE problem:
The results are in after four years of the IMF agreement in Argentina
The entire loan (~$50 billion) was used to finance the foreign exchange crisis and did not help to fight inflation, stabilize the dollar or overcome inflation.
https://peoplesdispatch.org/2022/05/19/the-results-are-in-after-four-years-of-the-imf-agreement-in-argentina/
Argentina borrowed about $50 billion from the IMF and not a single project was built, there is nothing to show for the loan. All of the money went to “stabilize the peso“, which means the wealthy elite exchanged their pesos for dollars and those dollars were then secreted away outside the country(plus the usual 10% for the big guys). Now the Argentine tax payers on on the hook for $50 billion dollars. And all that happened after Argentina paid off its last IMF loan and swore never to take another IMF loan, until President Macri (a WEF young global leader) borrowed the $50 billion and set the whole process in motion again.
Now enter China, who decided that instead of taking their excess US dollars and sending them beck to the United States in exchange for T-Bills decided to use the money to invest in real projects that are part of the Belt and Road Initiative. However, now they are in the situation of being one of the creditors in line for payment. If a bank loans a person money to buy a house, but that same person runs up $50,000 usd in credit card debt, the bank will be out of luck for the home loan. So, the debtor country is in a taffy pull, between China for honest infrastructure projects and the IMF for currency stabilization and embezzlement.
If you are a corrupt politician in one of these countries, you will always opt for the IMF, which will allow you to skim as much money as you can off the IMF loan. And if you play your cards right, China will forgive its loan, giving you a free airport or harbor as well.
So, unless a country gets a leader like Vladimir Putin, who believes government exists to serve its citizens, the IMF will win every time.
I don’t know how China will get around this, the IMF has developed an ingenious system to keep countries trapped in the IMF system / US dollar block. (sigh)

Posted by: Rokossovsky | Apr 16 2023 4:48 utc | 112

Sorry, I meant debtors default. Had a couple of beers to wash down the mumbo-jumbo fries.

Posted by: Immaculate deception | Apr 16 2023 5:25 utc | 113

Still spinning the bullshit of China Debt Trap
“https://www.seatrade-maritime.com/opinions-analysis/hambantota-international-port-better-china”
“https://www.chathamhouse.org/2020/08/debunking-myth-debt-trap-diplomacy/4-sri-lanka-and-bri”

Posted by: Surferket | Apr 16 2023 5:37 utc | 114

@Eric Newhill | Apr 15 2023 22:43 utc | 65
This is tosh, spread by people who don’t understand that “money” is:
– a measure of scarcity
– a convenient shorthand for economic activity.
– not valuable in and of itself
– that amounts denoted in money are a tiny fraction of economic activity.
– only as valuable as the integrity of the people issuing it and controlling assets denominated in it.
In the case of China, internal economic activity is USD 17.73 trillion or about USD 106.3 trillion at purchasing parity. Chinese exports were about USD 3.34 trillion, or under 20% of the economy. Exports to the US are about USD 600 billion, or less than 20% of trade and under 3.5% of GDP. US restrictions on China has decimated Chinese investment in the US down from over USD 50 billion pa in 2020 to
USD 3 billion pa in 2022. China has already reduced it US Bond holdings to below 870 billion and with China holding over 50% of all Western enterprises in China (other than Tesla), could trivially sell assets of US-Chinese joint ventures at firesale prices were the US to attempt to interfere with China’s ability to convert these bonds. That would be devastating to US companies and banks that have financed US ventures in China, and would easily exceed any capital the US might attempt to steal from China. In addition , Chinese imports from the US are still worth about USD 150 billion that could vanish in a heartbeat and with it, sufficient US employment to bring down the US government which is already running on fumes, with only some 43% of non-institutionalized 18-65 year old Americans employed for one-or-more hours per week (see my US Employment 2023 Q1.

Posted by: Hermit | Apr 16 2023 5:37 utc | 115

More on evil China Debt Trap.
“Of Bangladesh’s total external debt in the 2019-20 fiscal year, 38 percent was from the World Bank, 24.5 percent from the Asian Development Bank (ADB), 17 percent from the Japan International Cooperation Agency (Jica), 6.81 percent from China, 6.14 percent from Russia, and 1.3 percent from India. ”
“https://www.thedailystar.net/views/opinion/news/bangladesh-risk-falling-the-chinese-debt-trap-2224391”
A new ‘study’ has concluded that Beijing’s huge worldwide investment programme is “losing momentum” as debts mount. But a closer inspection of the facts tells a different story
Western mainstream media yesterday began posting in tandem a purported ‘study’ from which Reuters spun its own headline: ‘China’s Belt and Road plans losing momentum as opposition, debt mount – study’.
The study, as noted in the report, was sponsored by the US government through the surrogate of its own international relief agency, USAID, and proceeded to present the usual cliches that China was maliciously saddling nations in “hidden debt,” encouraging corruption and promulgating environmental damage in participating countries, and claimed that opposition to the investment programme was mounting.
“https://www.rt.com/op-ed/536251-no-china-belt-road-initiative/”
“Here’s a flavor of what they aren’t telling you. A study from Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, found that, as of 2019, over $516 billion worth of BRI projects had been completed with a cancellation rate of just 0.3%. It counted 2,631 different projects across the world, in more than 120 countries.
“To name but a few examples of BRI successes: China finished a metro system in Lahore, Pakistan, last year, opened a 1000MW nuclear power plant in the same country in May, is building Africa’s largest building in Egypt, as well as the largest building in South Asia (the Lotus Tower in Colombo, Sri Lanka), and is on the verge of finishing the China-Laos High Speed Railway. Multiple direct transcontinental railway routes through China to Europe have also been opened.
“https://www.refinitiv.com/content/dam/marketing/en_us/documents/reports/refinitiv-zawya-belt-and-road-initiative-report-2019.pdf”
https://archive.is/qg8E5
https://www.scmp.com/news/china/diplomacy/article/3122496/debt-trap-diplomacy-myth-no-evidence-china-pushes-poor-nations
https://www.scmp.com/comment/opinion/article/3107835/chinas-belt-and-road-sour-grapes-claims-debt-trap-diplomacy-are-not
“DEBT TRAP”
Spot the Chinese loans compared to~ say IMF & western loans.
Source: International Debt Statistics. World Bank, “China- Africa Economic Bulletin”
~
An unusually honest article in the Washington Post explained: “On a continent where over 600 million Africans have no access to electricity, 40 percent of Chinese loans paid for power generation and transmission. Another 30 percent went to modernizing Africa’s crumbling transport infrastructure.”
An examination of the creditor-debtor relationship as it plays out with China and Africa disproves the debt trap propaganda. As Tim Hancock writes in a recent story about the Rhodium Group’s study on 40 cases of Chinese foreign lending: “China’s leverage remains limited, with many of the renegotiations resolved in favour of the borrower. Debt write-offs were found in 14 cases, deferments in 11 cases, and refinancing and debt term changes accounting for most other cases.”
~
The study concluded that “total debt forgiveness” was the most common outcome of debt renegotiations, and that asset seizures were “very rare”. The increasing pattern of debt forgiveness is aimed at fostering goodwill and greater openness to China on the continent. From China’s perspective, the creation of durable South-South economic partnerships and long-term trade agreements in Africa is far more valuable than short-term financial interests.
~
For more reading, check out:
“https://qz.com/1391770/the-anxious-chorus-around-chinese-debt-trap-diplomacy-doesnt-reflect-african-realities/”
“https://liberationschool.org/five-imperialist-myths-about-chinas-role-in-africa/”

Posted by: Surferket | Apr 16 2023 5:43 utc | 116

” Yes, they can ask for help and advice, they should be able to borrow funds where funding is required (and demonstrate that the money is being invested wisely and in ways open to public scrutiny), but they need to retain independent decision-making capabilities including the right to refuse advice. They need to make their own mistakes and learn from them as the Russians and Chinese have had to do in the past, painful though such mistakes and learning from them have been.
Posted by: Refinnejenna | Apr 16 2023 2:25 utc | 104 ”
But it the meantime they should get an unending stream of always forgivable loans while they pump out a stream of unsupportable babies, right ?

Posted by: Deplorable Commissar | Apr 16 2023 5:45 utc | 117

The Rajapakse clan still controls Sri Lanka through its proxies: https://www.youtube.com/watch?v=t9dFbQlYoG4
New elections only in 2025…

Posted by: Antonym | Apr 16 2023 5:48 utc | 118

This delusional view of FDR and the New Deal is simply ridiculous. Maybe our new participant hasn’t heard of the Business Plot or doesn’t recognize that FDR’s programs, which began to be whittled away then utterly thrown in the trash under Carter, Reagan, Bush I and Clinton, are precisely the reason that the American middle class led the world in upward mobility, was ever increasing in life expectancy, and weren’t living paycheck to paycheck in a neoliberalized financialized economy with a gutted social safety net. Nah, it’s all about “geografffy” LOL. Get real.

Posted by: Tom_Q_Collins | Apr 16 2023 5:49 utc | 119

Posted by: Ciaran | Apr 16 2023 1:21 utc | 98
So what about social democracy or democratic socialism? One might guess you’re totally in favor of private finance dictating the terms of the economy and not a democratically elected government willing to hold certain “commons” for the people and without private finance having a say in how they are managed. The specter of “Evil Communism” lives on in your mind like an evicted tenant in a shanty squatting not paying rent.

Posted by: Tom_Q_Collins | Apr 16 2023 5:52 utc | 120

Posted by: Antonym | Apr 16 2023 5:48 utc | 118
And that’s China’s fault? China should be like US constantly meddling in countries to put their puppets into power?
The people get who they voted for. Even if they get shit they have to live with it. Look at the west. All political parties are shit owned by the 1%.

Posted by: Surferket | Apr 16 2023 5:55 utc | 121

Posted by: Deplorable Commissar | Apr 16 2023 5:45 utc | 117
you forgot to mention, Tibet, and Uighur, when drivelling toxins about China,

Posted by: Grishka | Apr 16 2023 5:55 utc | 122

Posted by: KitaySupporter | Apr 16 2023 3:21 utc | 106
You’re on the same side as RefinneJenna. I’m reasonably certain that you agree 100% about what you wrote and that you’re reading waaay too much into (i.e. ***PROJECTING***) what he/she wrote. Take a deep breath, I’m sure they understand very well how corrupt and anti-transparent the USA/UK and all former and current western colonial powers are.

Posted by: Tom_Q_Collins | Apr 16 2023 5:57 utc | 123

Posted by: Deplorable Commissar | Apr 16 2023 5:45 utc | 117
Can you give us a list of major infrastructure projects in the Global South or “third world” or “developing” countries that have been financed by US/IMF loans and “restructuring/austerity” measures? I’m genuinely curious.

Posted by: Tom_Q_Collins | Apr 16 2023 5:58 utc | 124

Posted by: Antonym | Apr 16 2023 5:48 utc | 118
LOL tell us how much CIA financing, fuedal serfdom/slavery and “tongue sucking” is happening there with CIA assets running the show.

Posted by: Tom_Q_Collins | Apr 16 2023 6:00 utc | 125

Posted by: Surferket | Apr 16 2023 5:55 utc | 121
Why YES! China should have “shock and awed” them years ago to install dumbocrazy and freedumb like the USA did in Iraq, Somalia, and Afghanistan just to name a few! Those silly Chinese! Never realizing that everything that goes askew can be fixed with a simple invasion, coup or artificially induced civil war! MORONS!!!

Posted by: Tom_Q_Collins | Apr 16 2023 6:01 utc | 126

Posted by: Surferket | Apr 16 2023 5:55 utc | 121
My post was sarcasm. I was agreeing with you. It just occurred to me that might not have been readily apparent without any sort of special sarcasm font or the /sarc tag.

Posted by: Tom_Q_Collins | Apr 16 2023 6:02 utc | 127

evil china infrastructure loans , because ports and rail bring long term trade, economic and flow on social uplifting. not selling weapons to then blow up a nation. i can see why western nations missing out on a civil war here and there for the free stuff they can loot in the chaos (sudan for instance ) upsets them.

Posted by: hankster | Apr 16 2023 6:10 utc | 128

Posted by: Tom_Q_Collins | Apr 16 2023 6:02 utc | 127
No worries. I saw your tongue in cheek.

Posted by: Surferket | Apr 16 2023 6:10 utc | 129

South Asian nations inflation rates here: https://www.statista.com/statistics/626080/inflation-rates-in-south-asia-by-country/
The two worst cases for 2023: Sri Lanka with 29.47% and Pakistan with 19.94%. Why these two……?
Myanmar at 13.33% estimated for 2023, worst of SE Asia.
India at 5.14%, Vietnam @ 3.92%.

Posted by: Antonym | Apr 16 2023 6:11 utc | 130

Thx b…what a blast of fresh air…re fairness in handling debt outcomes and also future loans not so easily gamed to lower the 99%’ standard of living.
Perhaps awareness of justice v. plunder will cause win-win to become global entertainment.

Posted by: chu teh | Apr 16 2023 7:01 utc | 131

If you disagree, first read these before engaging in a discussion:
Posted by: Aaron Lee | Apr 15 2023 19:38 utc | 25
Sorry, you’re not going to set the agenda and tell me what to do.

Posted by: Passerby | Apr 16 2023 7:21 utc | 132

Sorry, you’re not going to set the agenda and tell me what to do.
Posted by: Passerby | Apr 16 2023 7:21 utc | 132
Not even if he’s the USA’s #1 “underground poet” and genius autodidact denizen of San Francisco?
Just kidding. I told him the same thing earlier. Dude’s borderline delusional.

Posted by: Tom_Q_Collins | Apr 16 2023 7:24 utc | 133

Oh,thank you for all bright comments, if I only had read what the western media (inclusive our Public Service) wants us to know, I couldn´t have understood anything of this very serious matter of economics.Your deep knowledge, your examples, your references and not to be forgotten your answers to some defenders of the West´s way of conducting economics,teaches me a lot. And naturally lots of thanks to b too, for your political awareness, and for all the work you do to ensure that all these political discussions become possible, so that we your readers can help to spread the rings on the water!

Posted by: Northern Eve | Apr 16 2023 7:40 utc | 134

All your money has no worth if you are alone on an island. Money is only valuable amongst two or more people.
This means money is a social construct, too. Humans are hierarchical, and money indicates hierarchy.

Posted by: Passerby | Apr 16 2023 7:41 utc | 135

Russia didn’t move away from the West; it was pushed away.

Posted by: Pancho Plail | Apr 16 2023 8:15 utc | 136

Posted by: farm ecologist | Apr 16 2023 3:25 utc | 107
Not new. Go read up on Aswan High Dam Project………and how US and UK screwed around with Egypt letting the USSR fund the project………how John Foster Dulles was infuriated with Nasser recognising the People’s Republic of China……….
Nothing is NEW……..it is simply more brazen, more blatant, and more extended claws

Posted by: Paul Greenwood | Apr 16 2023 8:23 utc | 137

I predict here China will sell some of its huge dollar holdings at a below market discount to Global South developing countries which have serious dollar denominated debt service problems. These discounted dollars transferred will have several knock-on effects. This will reduce China exposure to dollar exchange risk, allow dollar indebted countries to immediately retire much of their debt burden, and create holdings in China of currencies of Global South countries allowing for smooth multilateral trade outside the dollar domain.

Posted by: UnionHorse | Apr 16 2023 8:23 utc | 138

Thanks b for your perspective and for the contributors who understand China. I know some contributors live in China and it’s great to hear their perspectives here.
Posted by: Ciaran | Apr 15 2023 23:49 utc | 79
“McCarthy was on the right track” 😆
You posted that on Moon of Alabama. 😆
You did so at precisely a point in history when the Neo-McCathy-ites are introducing the RESTRICT Act. You recommend here a revisionist book by an anti-communist msm hack that venerates McCarthyism as the basis of your stated position. 🤣
https://music.apple.com/gb/album/bertolt-brecht-before-the-committee-on-un/157030818

Posted by: Lev Davidovich | Apr 16 2023 8:51 utc | 139

Pacifica_Advocate | Apr 15 2023 23:26 utc | 75
I think it’s time people stopped using “McCarthy” as shorthand for self-injuring paranoia. The Venona Decrypts proved that there were a lot of Soviet agents in 1940s/1950s US.
I hate to use Wiki for anything politically contentious, but I presume they’re not actually making these names up, although I wouldn’t put it past them to leave a few out.
https://en.wikipedia.org/wiki/List_of_Americans_in_the_Venona_papers
Note that many of the people who were pro-Russia when it was Communist are now anti-Russia when it’s no longer Communist.
Earl Browder was head of the USA Communist party – his son Bill Browder is one of the foremost anti-Russia activists.

Posted by: YetAnotherAnon | Apr 16 2023 9:17 utc | 140

Just like to add my thanks to those outlined by Northern Eve @ 134, for an extremely informative discussion of b’s article, too many excellent comments to thank individually.
Assuming that ‘follow the money’ actually ‘wags the dog’, this might be of interest:
https://simplicius76.substack.com/p/john-bolton-declares-total-war-on.

Posted by: Lantern Dude | Apr 16 2023 9:20 utc | 141

The Financial Times continues carrying IMF water with its latest lament

IMF calls on African nations’ creditors to step up debt relief efforts
Fund’s regional chief says a ‘Gleneagles-like moment’ is required to agree desperately needed reforms

https://www.ft.com/content/421e8fce-b408-46ca-acd8-a3aa3524e3b9
The FT has been pushing a series of increasingly shrill stories for the past several weeks, now with a URL ==> https://www.ft.com/sovereign-debt

Posted by: too scents | Apr 16 2023 9:23 utc | 142

Paul Greenwood | Apr 16 2023 8:23 utc | 137
To be fair to the Brits their much more ecologically sound plan was rejected by Egypt for political reasons.
In 1952, the Greek-Egyptian engineer Adrian Daninos began to develop the plan of the new Aswan Dam. Although the Low Dam was almost overtopped in 1946, the government of King Farouk showed no interest in Daninos’s plans. Instead the Nile Valley Plan by the British hydrologist Harold Edwin Hurst was favored, which proposed to store water in Sudan and Ethiopia, where evaporation is much lower. The Egyptian position changed completely after the overthrow of the monarchy, led by the Free Officers Movement including Gamal Abdel Nasser. The Free Officers were convinced that the Nile Waters had to be stored in Egypt for political reasons, and within two months, the plan of Daninos was accepted.
Now, a large amount of water is lost by evaporation, the dam is losing capacity as it slowly silts up, and the Nile Delta is losing islands now that no silt is being carried out to sea.

Posted by: YetAnotherAnon | Apr 16 2023 9:28 utc | 143

Posted by: CitizenSmith | Apr 15 2023 19:08 utc | 14
—–What will it do to the Western Banks and the infinite cascade of interlinked derivatives?
I think it will be like this
“‘Fallen! Fallen is Babylon the Great!’
She has become a dwelling for demons
and a haunt for every impure spirit,
a haunt for every unclean bird,
a haunt for every unclean and detestable animal.
For all the nations have drunk
the maddening wine of her adulteries.
The kings of the earth committed adultery with her,
and the merchants of the earth grew rich from her excessive luxuries.””Terrified at her torment, they will stand far off and cry: “‘Woe! Woe to you, great city, you mighty city of Babylon! In one hour your doom has come!’
Revelation 18:2-3

Posted by: Anne B | Apr 16 2023 9:42 utc | 144

Posted by: bevin | Apr 15 2023 23:37 utc | 78
Thanks, bevin, for a remarkable post.
Well worth my time wading through the rubbish to find this gem of yours.
Saved it for further reflection.

Posted by: kiwiklown | Apr 16 2023 10:21 utc | 145

Posted by: UnionHorse | Apr 16 2023 8:23 utc | 138
A cleverer China might simply do asset swaps……….say Ghana gold or cocoa and build them a chocolate production line – now that Western brands are debased to supermarket crap there is a need for quality brands – some Russian chocolate is superior to mainstream European brands. – I know US chocolate tastes like excrement.
Africa has a friend who can re-finance them……….for hopefully mutual gain

Posted by: Paul Greenwood | Apr 16 2023 10:46 utc | 146

I dont know a lot about the financial system but found it curious that the richest countries are most in debt while a lot of poor countries have a debt-to-gdp ratio of 20% or so.
One aspect that is rarely discussed is that russia is the only major country that has been very rigid in accumilitang debts since Putin took over. Its debt-to-gdp ratio is located at around 15% while all the g7 countries have passed or are at least close to passing the 100% mark. All of that despite the fact Russia has had only moderate growth rates, meaning that the debt increase is not covered and hidden by (fictional) gdp growth.
What I am getting at, is that Russia must have known that there is a 3 tier system in the international monetary system that allows western countries to indebt almost without constraints at minimum interest rates and little consideration or worry about bancruptcy while all the others are plundered for every dollar they borrow.
I wanna argue that Russia wouldnt be able to fight this war if it was dependend on the international monetary and banking system for loans.
By acting conservatively Russia gained independence but has no possibility to financially aide other parties. This is what China can provide. I am curious to see if the monetary institutions will see a divide and alternatives to the IMF, worldbank an bis will emerge. If there is an alternative I predict the a collapse of the old institutions since they will turn on the former master countries to hold up their business model.

Posted by: Orgel | Apr 16 2023 10:49 utc | 147

The financial experts at MoA have described Russian and Chinese banking as modelled on Chicago school. If rhein economics are based on Western economics , one would expect thecsame outcomes as Western colonial piracy loans.
Looking at Electrical regulations,the West is encumbered with 100 year old mechanical generating systems, while the East is starting from scratch with electronic solutions. In finance Win Win is totally different to Western rape and pillage as found in Ukraine.
That’s not because Eastern and African cultures haven’t used rape and pillage in the past, but because rhey discovered that rape and pillage failed. Grabbing everything from the next tribe, what goes around comes around. Russian , Japanese, Mughal , Persian Imperialism have all long ago failed, in spite of US efforts to re-vitalise them in the form of Salafi jihadism and Neo Nazism etc.
USUKIS are unfortunately only now starting to experience resistance to their criminality, while other empires are ahead of the game in alternatives to clubbing the neighbours and dragging their women back to the cave.

Posted by: Giyane | Apr 16 2023 11:13 utc | 148

Posted by: karlof1 | Apr 16 2023 0:14 utc | 84 – Thanks for your always on-point posts on MOA, from which I have learned much. Herewith, some thoughts triggered by your post:
karlof1 — “…. particularly the socio-cultural behavioral code known as Guanxi….”
In commercial dealings, Guanxi can be understood like this: The Westerner businessman is transactional, while the Chinese is relational. The Westerner seeks maximal gain in each transaction, while the Chinese seeks to maximise gains over the duration of a business relationship, often lasting until death do they part, and even down into following generations. That is where “win-win” comes from. That is also what Xi means when he talks about BRI and “no limits” relationships. The Westerner would sometimes remember that having repeat customers is better than having to hunt for new customers for every new sale. The Chinese never forget that, and so, they build Guanxi from the get-go.
karlof1 — “The Mafiosi tribute collectors and the Mafiosi itself now face a new police commissioner and unbribable police force on the streets that’s giving backbone to all the small business owners that were terrorized by the Mafiosi into providing “protection” payoffs….”
Interesting analogy. It used to be “Workers of the world unite.” Now it is, “Rest of the world unite.”
karlof1 — “What will be uttered on tomorrow’s talk shows? Will anything true be said? Given the print narrative direction, I doubt anything of substance will arise.”
That will be true of the press in the West, but not so in the Rest of the world — Zone B (Saker’s formulation), the majority, the 78% of humanity. Every word that proceeds out of the mouth of Putin and his team, and as well, Xi and his team, is read, analysed, discussed, and acted upon daily by the world. After all, those with eyes to see know that changes not seen in a 100 years are taking place right now on a day to day basis.

Posted by: kiwiklown | Apr 16 2023 11:24 utc | 149

kiwiklown | Apr 16 2023 11:24 utc
| 149 Giyane | Apr 16 2023 11:13 utc
| 148 Paul Greenwood | Apr 16 2023 10:46 utc
| 146bevin | Apr 15 2023 23:37 utc | 78
Thanks for your illuminating posts, especially bevins which puts the picture in such concise terms that other MSM bullshitters would make their life’s work, all nailed in a couple of paragraphs as opposed to an encyclopaedia of falsehoods constructed by the paid shills
Thanks again

Posted by: ZimZum | Apr 16 2023 11:47 utc | 150

Do we have a Sudan expert here? Is the crisis related to the agreement over a russian military port in Sudan? Are there foreign actors involved? Is there a connex to darfur and south sudan?

Posted by: Orgel | Apr 16 2023 11:52 utc | 151

@ Paul Greenwood 146
Hi. Apologies for our last encounter where
I was totally unnecessarily rude.
Asset swaps are very useful for circumventing illegal sanctions but , as a matter of interest, pun intended, assets swaps are not allowed in the Islamic world.
In fact our prophet peace and blessings be upon him said that dates for example should be sold at the market price , not exchanged , because exchanging things outside the market value was a form of Interest. I suppose that’s to avoid arguments about the value of the goods being exchanged.

Posted by: Giyane | Apr 16 2023 11:59 utc | 152

@ ZimZum 150
Thanks. When the BBC werectrying to discuss the consequences of Liz Truss ‘ bonus bonanza and pensions crash, the experts were tying themselves in knots trying to explain criminal financial piracy in genteel terms. They all failed.

Posted by: Giyane | Apr 16 2023 12:07 utc | 153

@ bevin 78
I have saved your beautiful explanation of odious debt for future use.
So does that mean that even Kate Adie’s accusation of Ghaddafi’s bad breath was a projection of her own? They forget that it was Western torture rendition by puppet stooges across the world, including in countries like Poland.
The torture brainwashing of hundreds of thousands of Muslims implemented by
the Zionists in Washington was part of the fitnah / catastropic distortion of reality of the Dajjal / Antichrist and the Odious Debt in the way you describe is part of the same trial.
We have a cure for that fitnah / trial in the form of Surah/ chapter The Cave in the Qur’an . In fact the cures for every type of Biblical perverted injustice / psyops are in the God’s Last Revelation the Holy Qur’an.

Posted by: Giyane | Apr 16 2023 12:46 utc | 154

Any reason why I cant access this site with Tor +VPn private browser? When on TorNet mode , it keeps asking to check my browser’s security and never displays the site of MOA.

Posted by: Boy | Apr 16 2023 12:58 utc | 155

bevin | Apr 15 2023 23:37 utc | 78
Thanks, bevin, for a remarkable post.
Well worth my time wading through the rubbish to find this gem of yours.

kiwiklown | Apr 16 2023 10:21 utc | 145
——
2nd that thanks!

Posted by: Doug Hillman | Apr 16 2023 13:04 utc | 156

@Ciaran | Apr 15 2023 23:49 utc | 79
Totalitarian Communism is a profound evil. This is China’s current major flaw.
I’ve no idea what your definition of “Totalitarian Communism” is, so I won’t address it.
I can, however, say something about whether China is profoundly evil.
First, do you know that each year at least a hundred million tourists leave China — and all 100 million voluntarily return? If the country was such a grim dictatorship, why would nearly every Chinese tourist choose to come back? You may be a paranoid who thinks the government takes a hostage from each family of tourists, thereby forcing the others to return, but then you must explain how they can do that to ONE HUNDRED MILLION PEOPLE A YEAR, year in, year out.
Second, if the government actually took hostages, would it have 95.5% approval from the Chinese people? (Link to a report by Harvard — yes, by Harvard University of the USA — of their survey of Chinese people that shows the extremely high approval rate of China’s government.)
I am not so naive as to believe that in one shot I can puncture the thick wall of ideology that protects your brain from reality. But perhaps the other people, after reading this comment, will have a fairer picture of the Middle Kingdom.

Posted by: Cyril | Apr 16 2023 13:04 utc | 157

It is technique of political writing to present some facts but not other facts and to speak over the head of audience (referencing authoritative sources) and then cut to conclusion – implied or stated.
The article might have touched on the issue of senority of debt.
In summary –
China good / IMF bad.
Personally, I believe that no foreign entity should be able to hold claim against real property – default. Settle the assets as to % unpaid. Then give them one year to remove their assets (using local labor). Something like that.
Some people got rich making those deals.

Posted by: jared | Apr 16 2023 13:15 utc | 158

So with those sick, evil western creditors, did they think buyer beware/due diligence didn’t apply to them? 2 terms to put fear into them are odious debt & Jubilee.

Posted by: Ralph | Apr 16 2023 13:27 utc | 159

Banking?
This article refers to IMF like that UN Agency of Rockefeller means anything in the coming non-USD world
The 500LB gorilla in the kitchen is the ROTHSCHILD BANK (Bank of China) & in Russian & in Iran that control the strings from UK London;
Funny how all these articles can spout bile, but never mention the gorilla? A gorilla who never dies;

Posted by: paracetamol | Apr 16 2023 13:33 utc | 160

A problem for the multipolar view that China expresses is that many countries are either poorly managed, corrupt or inacapable of achieving self-sufficiency due maby to reasons outside their control. In former times this was openly addressed by military conquest. Now more economic conquest.
The world is a dangerous place for small, weak, disorganized countries.
As demonstrated by western treatment of Russia there is international law only to the extent they find it beneficial.
People are powerless to control the government, but they can vote with their feet and be more or less productive.
The lesson from Economic Hitman is that much of this is done by regular people of regular ability and for regular people – the money is not repaid to governments.
The system is not ideal.

Posted by: jared | Apr 16 2023 13:40 utc | 161

many countries are either poorly managed, corrupt or inacapable….
= USA, UK, France, Canada, Germany, France, Italy, Belgium, Ireland, Spain, Greece, Turkey, Bulgaria, Romania, Poland,

Posted by: Paul Greenwood | Apr 16 2023 14:00 utc | 162

@Eric Newhill | Apr 15 2023 22:43 utc | 65
“The America hating crowd so well represented here …”
By the “America hating crowd” do you mean most of the world? Your government and its allies killed millions of Arabs and Muslims over the last few decades in Iraq and Afghanistan, and have never cared about Palestinian land being stolen on a daily basis. And what about the millions of Vietnamese you killed? Or the million people killed by the US-supported Indonesian government in their fight against communism? As for Latin America, you have bullied it for centuries, using blackmail, assassinations, overthrowing governments etc. Same with Africa: you have trapped it in debt and weaponized the global financial system to act like feudal lords, extracting unearned wealth.
That said, while this has been done with the consent of the American people, it is also true that the American people were lied to. Therefore, most people do not hate individual Americans. In fact, most people I know feel sorry for the average American, who is losing their country to warmongers who will finally crash it all. Kind of like Britain in the 1920s.
The best thing America can do right now is to quietly withdraw, and wait for others to forgive it, and therefore miss it.

Posted by: Augustus Caesar | Apr 16 2023 14:02 utc | 163

Posted by: Hermit | Apr 16 2023 5:37 utc | 115
Thank you. That’s the sort of information I find hard to glean from most sources.

“To name but a few examples of BRI successes: China finished a metro system in Lahore, Pakistan, last year, opened a 1000MW nuclear power plant in the same country in May, is building Africa’s largest building in Egypt, as well as the largest building in South Asia (the Lotus Tower in Colombo, Sri Lanka), and is on the verge of finishing the China-Laos High Speed Railway. Multiple direct transcontinental railway routes through China to Europe have also been opened.
…
The study concluded that “total debt forgiveness” was the most common outcome of debt renegotiations, and that asset seizures were “very rare”. The increasing pattern of debt forgiveness is aimed at fostering goodwill and greater openness to China on the continent. From China’s perspective, the creation of durable South-South economic partnerships and long-term trade agreements in Africa is far more valuable than short-term financial interests.

Posted by: Surferket | Apr 16 2023 5:43 utc | 116
Thank you as well.
The specter of “Evil Communism” lives on in your mind like an evicted tenant in a shanty squatting not paying rent.
Posted by: Tom_Q_Collins | Apr 16 2023 5:52 utc | 120
Part of the problem is that ‘communism’ was wrapped up in a bankster-led worldwide conspiracy to take over everything. So there was quite a gap between the theory and what actually happened. Another problem is that pretty much by definition communism involves excessive centralization which is the most efficient way of governing but also highly prone to corrupt capture, the prize dangled before their gaze so tantalizing as to engender multi-generational organizations to effect such capture, organizations which over time develop far greater depth and skill than the official organs in place by whatever system, in this case ‘communism’ which is in many ways easier to capture than more messy ‘democratic’ systems. That said, they are all capturable. And once captured, the terrain becomes extremely confusing both to see and to discuss because of course one of the sine qua non techniques of such capture is deception both in word and deed. Gradually everything becomes both opaque and confusing.
When all is said and done, all systems depend upon mutual good will between rulers and ruled, government and people. If too much evil intent enters the mix, it is very hard to spot, contain, reveal or expel. This is why how a society is structured culturally is as important as how it is structured systemically/administratively. This is where old methods like royalty, church, aristocracy came in. Having been largely expunged in most modern polities, they don’t come in much any more. So the challenge Russia and China (and others) are meeting these days is how to fashion societies where good will is a bedrock value permeating all levels of their society without those old institutions which seem no longer suitable for the much larger populations we enjoy today.
In Chinese philosophical terms, everything boils down to Heaven, Earth and Man, an experience-based trinity principle far older than the one proposed in the New Testament but essentially similar. Heaven is the over-arching context, Earth is the terrain complementing it, the relative elements we navigate through under the sky of Heaven, and Man is the navigation process, how good or bad a job we do, what sort of individual and collective world we make in the process of making our way through the journey of life. In a successful, good society, the Heaven aspect includes some sort of basic reverence for the fundamental goodness of life, including all creatures and terrains where life manifests, both visible and invisible. If the society as a whole generally enjoys a shared sense of such reverence, or respect if you prefer, than all the human elements in that society will generally row in the same direction, which will foster goodness and good life journeys for all involved.
In other words, there is no such thing as a purely secular political system that can create multi-generational peace and prosperity without some sort of spiritual component that features societal ways of fostering respect for the basic goodness of this collective dream world we all share.
The problems with communism – at least as practiced early on – was that being materialist par excellence – pure materialism in practice one could say – it tended to obfuscate fundamental appreciation of goodness under a barrage of materialist ideology emphasizing success, efficiency, equality, authority and so forth and in so doing lost its soul. It ended up compelling people to follow an idea-formed path, an abstraction. But living creatures and the dynamics they throw up on living planets do not fit into narrow ideology-based conceptual structures and a highly centralized set up that then becomes highly corrupt in service to such abstractions ends up creating totalitarian dystopias as they insist on controlling the outcome – including peoples’ individual and collective lives – to fit their preconceived notions which ultimately they never can do. This is why over-centralization is dangerous.
There was a grand struggle for over a century to take the best of European culture and eschew the worst. They called it ‘America.’ But by 1913 or so the struggle was over and the good guys lost. It has been all downhill ever since, even as the population and financial clout boomed. It has been downhill because the spiritual core, the appreciation of a basically good Heaven principle, became increasingly obfuscated by materialist mentality. Hopefully the next emerging civilizations will do better, but they will face the same challenges for that is what Man always has to do, sandwiched as we all are – and always shall be – between Heaven and Earth.
And so it goes.

Posted by: Scorpion | Apr 16 2023 14:39 utc | 164

@ YetAnotherAnon | Apr 16 2023 9:17 utc | 140
bill browder was happy to rip off russia, until russia put a stop to it… then he did what all good capitalists do and tried to shut down russia with sanctions and etc. etc.. the magnitsky act came into law in the usa and canada – two peas in the same pod… rip off artists are real losers generally, and browder is no different.. how unamerican of me – sorry eric newhill!

Posted by: james | Apr 16 2023 16:09 utc | 165

Posted by: Augustus Caesar | Apr 16 2023 14:02 utc | 163
That said, while this has been done with the consent of the American people, it is also true that the American people were lied to. Therefore, most people do not hate individual Americans.

Bahaha who told you this? Was there a poll nobody mentioned to me? Some kind of survey? You constipated looking foreskins are each, individually going to answer for what you benefited from collectively, and that will be a heavy toll to pay. The only possible future for the USA is seccession into various states and city states, everything else ends badly for the individuals who sat there cheering as murca ran rampant.
Get ready to start printing ex uno plures on dem dollah dollah bills yall, or whatever the various currencies end up being called.

Posted by: Due West | Apr 16 2023 16:17 utc | 166

Posted by: james | Apr 16 2023 16:09 utc | 165
Good post james. Browder was and still is a piece of nasty work. For those who may not know of Browder:
Magnitsky Act
No need to apologize to Eric Newshill. Perhaps Browder is one of the things that Newshill is referring to when he states that Americans have done some wonderful things that the “haters” here are blind to.

Posted by: Digital Spartacus | Apr 16 2023 16:22 utc | 167

Sometime in the early 2000s Moscow refused a IMF rescue package – When asked why Putin answered with a earthy and most amusing Russian folk expression.
Posted by: Exile 15
Come on man, you gotta tell us what that most amusing Russian folk expression is. And, if you know, when did Putin say it ?

Posted by: JessDTruth | Apr 16 2023 16:36 utc | 168

@ Digital Spartacus | Apr 16 2023 16:22 utc | 167
it is hard for me not to think of eric as a jackass… i was poking fun at him with that canuck type comment! thanks…

Posted by: james | Apr 16 2023 17:00 utc | 169

@Augustus Caesar | Apr 16 2023 14:02 utc | 163
Your response is a classic example of America hater zombie talk. Americans killed millions…uh huh ok…..”Millions” is on the hyperbolic side. More importantly, you turn a blind eye to the other side of the carnage, like where Russian supplied North Vietnamese communists implemented a terror campaign that began long before the US Marines landed in Da Nang. The communists routinely killed teachers, government officials, writers, land owners, etc – anyone who was not happy about communism. How can you overlook that? How can you overlook what the Russians and Chinese did to their own people (millions killed)? The belligerent Germans started not one, but two wars in less than 50 years that killed millions.
Same crap in the MENA, where the various tribes and religious factions have been slaughtering each other since time immemorial. Same in Africa where they enslaved and killed each other perpetually. The Europeans, of course, have long been incapable of peace.
I’m more of an America isolationist. So I’m not down with the US becoming involved in wars in distant lands, at least not reflexively. That is a philosophy that can and should be debated. People like you aren’t worth debating with because you’re incapable of grasping a fundamental reality; that the world without the US has never been a Garden of Eden. Rather, it has always been full of murderous tyrants, psychopathic Machiavellians, adventurous conquerers and war; lots of war. To pin all of that on the US is to demonstrate an astounding ignorance of history, human nature and current events. To believe that life on earth is going to be beautiful for everyone under Chinese rule is a fatal pipe dream.

Posted by: Eric Newhill | Apr 16 2023 17:01 utc | 170

@ Eric New Shill | Apr 16 2023 17:01 utc | 170
OhMyDog, tho somewhat amusing, in small doses. Exceptionalism & manifest destiny is extra plus good, yet all our base belong to them, heh ? Do keep ‘Navel’ gazing if’n ya want to improve your, ‘Intelligence’. Here’s some detailed up to date material you could integrate into your comedy act, enjoy:
How to Recognize Propaganda | Cold War Era Educational Film | ca. 1957 Youtube 26m39s

Posted by: Outraged | Apr 16 2023 17:27 utc | 171

“Note that many of the people who were pro-Russia when it was Communist are now anti-Russia when it’s no longer Communist.”

Certainly in Europe this is very noticeable. Stoltenberg being an example although probably not the best one. I do wonder what his brain looks like from the inside, I don’t believe he was born evil despite his rather suspicious father that I guess only the Norwegians here will be familiar with. It must have taken some effort to make him into what he is now.
It is a good thing though if it separates sensible people (of any political bent) from the nasty and crazy ones: anyone who sees/acknowledges the good things that the current Russia and China have achieved has their head and heart in the right place in my book (genuine criticisms and all kinds of differences in opinion are allowed, mistakes and flaws are part of human existence). As for the past it is clear the communists were right about quite a few things while making some big mistakes on their own.
· · · · · ·
From what very little I know (of what at least used to be the case) normal western business is/was relational and “forever” and not purely transactional at all. To me business is about finding and realizing “economical” win-win situations in all sorts of manners both business to business and business to customer. Yuppies, frauds, cheats, and other criminals shouldn’t be considered business-people (but clearly nowadays they are). Maybe someone else can nail this down better.
I do wonder if the overall fight against corruption might have misfired or have been abused or somehow played a role in this change. I imagine contacts and networks may all too easily be interpreted as corruption.
Anyway this is something I know very little about.

Posted by: Sunny Runny Burger | Apr 16 2023 17:28 utc | 172

@Scorpion | Apr 16 2023 14:39 utc | 164
My pleasure on the China data. Most westerners have no idea that China’s economy has been larger than that of the US since 2014, and is now some 6 times larger than the US by PP; that China’s infrastructure is half a century better than that in the US; that China (and India) have (each) produced more patents per year than the US since 2012; that China has already eliminated extreme poverty and expects to eliminate poverty before 2025; and that China has far more high IQ individuals and vastly better education than the US, meaning that it is highly unlikely that the West can hope to catch up.
Stalin (and I) disagree that “pretty much by definition communism involves excessive centralization”. Communism is defined by the fact that “the people own and control the means of production” .Stalin (and I) argued passionately that this had to mean direct democracy where everybody has a voice to propose, modify, split, join, table, support or oppose any motion at any time, to determine what happens and how, not some centralized body. My (minor) contribution is that voting needs to be weighted by proximity, involvement and competence (tested, with possible educational and experiential equivalences) to make the system fair and effective for everyone. I think that an AI will be able to do much better than humans at operating such a system in the medium term.
Stalin was murdered and his legacy destroyed* precisely because he wanted to replace the centralized power instituted.by the “revolutionary government of the people” with direct democracy. I am not sure it would have worked then, I think it took the development of accessible widespread computer communication systems to make direct democracy practical, but there is no longer anything preventing implementation.
As you know, I disagree with you on the alleged benefits of induced psychosis aka spiritualism. The more rational and realistic people are, the less likely they are to engage in judgement and UTism, both of which result in violence. It is worth noting that humans and their forerunners lived for millions of years without developing big gods, and even after that many cultures survived without them for far longer than any modern society has yet. Our technical proficiency at killing 9ne another and destroying things is such that we cannot afford wars – which means we have to do much better at remaining rational. I like Joseph Cambell’s articulation, “Clearly, mythology is no toy for children. Nor is it a matter of archaic, merely scholarly concern, of no moment to modern men of action. For its symbols (whether in the tangible form of images or in the abstract form of ideas) touch and release the deepest centers of motivation, moving literate and illiterate alike, moving mobs, moving civilizations. There is a real danger, therefore, in the incongruity of focus that has brought the latest findings of technological research into the foreground of modem life, joining the world in a single community, while leaving the anthropological and psychological discoveries from which a commensurable moral system might have been developed in the learned publications where they first appeared. For surely it is folly to preach to children who will be riding rockets to the moon a morality and cosmology based on concepts of the Good Society and of man’s place in nature that were coined before the harnessing of the horse! And the world is now far too small, and men’s stake in sanity too great, for any more of those old games of Chosen Folk (whether of Jehovah, Allah, Wotan, Manu, or the Devil) by which tribesmen were sustained against their enemies in the days when the serpent still could talk. ” Joseph Cambell (1960), “The Masks of God: Primitive Mythology”, Secker Warburg, London Accessed https://archive.org/stream/PaleolithicGods/paleolithic%20gods_djvu.txt 2017-08-19.
*See e.g. Furr, Grover (2011-05-03). Khrushchev Lied: The Evidence that Every “revelation” of Stalin’s (and Beria’s) “crimes” in Nikita Khrushchev’s Infamous “secret Speech” to the 20th Party Congress of the Communist Party of the Soviet Union on February 25, 1956, is Provably False. Erythros Press & Media.

Posted by: Hermit | Apr 16 2023 17:53 utc | 173

I do wonder if the overall fight against corruption might have misfired or have been abused or somehow played a role in this change. I imagine contacts and networks may all too easily be interpreted as corruption.
Anyway this is something I know very little about.
Posted by: Sunny Runny Burger | Apr 16 2023 17:28 utc | 172
I think it’s more simple or universal in that no matter what time period, culture or political system, no matter what tribe or even individual for that matter, we are always in between. We always face choices including moment by moment. Whether as individuals or societies we can promote goodness or not. The world seems to come fully hatched with a bias towards goodness given how marvellous so much of it is and how hard-wired to procreate itself generously.
But we have choices of how to handle this self-existing creation. If you drive through any country you see areas that are well kept and lovely and other areas that are wild or even ruined. So it is with individual and collective character.
The point is that there is no magic bullet, secret mantra or primordial formula that can serve up a perfect world in which nothing ever changes or nothing bad ever happens. In the realm of ideas such a thing seems like it should be achievable, certainly at least worth striving for. But reality doesn’t stay fixed like an idea. Systems which worked marvellously a thousand years ago are entirely useless today even though they did work well for a while. Maybe they could work well again if properly applied, but so many negative associations make that currently impossible. No matter, life goes on, societies go on, corruption arises, corruption is dealt with somehow, goodness arises, goodness is fostered somehow and so it goes.
So all societies – and individuals – are always involved in this process which is sometimes a fight to the death and sometimes an elegant, carefree dance. High cultures have found a way to enjoy the latter – at least for a while – whereas less fortunate cultures are still involved in mud wrestling.

Posted by: Scorpion | Apr 16 2023 18:04 utc | 174

9/11’s dividends https://www.cepal.org/en/notes/trends-and-major-holders-us-federal-debt-charts

Posted by: nectimeonecsperno | Apr 16 2023 19:47 utc | 175

kiwiklown @149–
Thanks for your reply and feedback! I haven’t read many comments from you for awhile, so it’s good too see you’re continuing to be active. Thanks for your explanation of Guanxi for the bar. It can be seen in all of Xi’s Initiatives.
The Mafiosi analogy is very much American based. I almost went as far as writing Putin and Xi are the new international Eliot Ness and the Untouchables, but they never rid the system of its underlying corruption that’s only grown more pervasive over the last 100 years.
Really need to liberate the rest of East Asia and punt the Empire back to Guam. The geoeconomics favor that occurrence.

Posted by: karlof1 | Apr 16 2023 20:30 utc | 176

Posted by: YetAnotherAnon | Apr 16 2023 9:17 utc | 140
Yes there were Soviet sympathizers in the US government. None accomplishing much unless you want to completely ignore the Korean, Vietnam/Laotian and other wars of the period. The US was still toppling any regime in paranoid fashion that they thought might threaten to serve as a commie beachhead “in our backyard” or (likely worse) the threat of a good example (see: Cuba, Nicaragua and Venezuela).
My point is that both countries had spies. Nothing justified the hyper-paranoid evil of the HUAC and McCarthy’s witch hunts. Lives were ruined, people died, all over the country having nothing whatsoever to do with the central federal government. But we did get the CIA and NSA. Thanks! And the USSA war machine rolled on after Eisenhower anyway. No “Soviet sympathies” needed.

Posted by: Tom_Q_Collins | Apr 16 2023 20:43 utc | 177

Re: The Soviet Union and any country that is in the crosshairs of international capital and the gangster mafioso enforcers in the US military/NATO and fleet of ICBMs.
For a long time now, since probably about when Chavez won in Venezuela (just so happens to be when I became politically aware), I’ve held a theory that when the USA (on behalf of international private capital-finance) sets its sights on a country for regime change, restructuring or worse, it’s because that country is keeping something for its citizens that big money in the West wants for themselves. In some cases the people of those countries have seized back ill-gotten claims to things like farmland and oil from the progeny of the original European and American colonizers. Many examples. But this applies to the former USSR as well and currently to China, Cuba, Venezuela, some South American countries that shuffle onto and off the list every decade or so, and to a certain extent Iran.
Blah blah, anyway when the forces of capital-finance sic the USG on an unwilling country, I believe that part of the intent is that the targeted people will think they’re being forced into ever more draconian and totalitarian ways of monitoring and squelching dissent. This was to the extreme under Stalin in the USSR (and I’m not even going to mention the bizarre “hermit kingdom” of DPRK), but the storyline in the western corporate media has always been the same: “Dude X was NOT democratically elected and he’s ruling Country X with an iron fist!” As stated, in some cases it’s actually true, but IMO to a large degree driven by how that country is being treated by the USSA and her vassal states all over the world from the Global South to NZAU to Japan and SK to Central and South America.
Is Cuba a “totalitarian” society? Not if you’ve actually been there. And neither is China. In fact the latter is probably less surveilled than the UK (CCTV) and the US (communications). Do people want to escape there for lack of economic opportunity? Yes, they do. Same with Venezuela, but it hasn’t always been that way or that bad. This is the result of a policy of years-long sanctions (read: embargoes, punitive financial treatment, etc.) and not a direct result of the system of government in place there. And yes, some people have always “escaped” Cuba, starting with the early compradores who had their ill-gotten land and property taken back from them. Generally they were pretty light complected, interestingly /sarc.
But I ramble. Maybe if anyone reads this they can point me to some scholarly or other works that might help strengthen my theory that the USA intends for its targets to enact totalitarian policies precisely to sow dissent – or to debunk it.

Posted by: Tom_Q_Collins | Apr 16 2023 21:00 utc | 178

Deng wasn’t the first reformer of China. He was simply putting into actions that Mao had wrote about much earlier.
Posted by: Surferket | Apr 16 2023 2:22 utc | 103
——————————————————–
Exactly!
Just read “Red Star Over China” by Edgar Snow, one of the finest journalists that USA used to have. In Part Three “In Defended Peace“, chapter 2: Basic Communist Policies“, Mao told Snow:
“Those (foreign) powers that help or do not oppose China in her war of independence and liberation should be invited to enjoy close friendly relations with China. ……
“With friendly powers, China will peacefully negotiate treaties of mutual advantage. With other powers, China is prepared to maintian cooperation on much broader scale. ……
“When China really wins her independence, then legitimate foreign trading interests will enjoy more opportunities than ever before. ……Our millions of people, once really enmancipated, with their great latent productive possibilities freed for creative activity in evry field, can help improve the economy as well as raise the cultural level of the whole world.”
(Page 104, “Red Star Over China”, First Revised and Enlarged Edition, Grove Press UK)
This interview was in 1936, when CPC occupied only some parts of poor North West provinces in China and red amry was under constant attacks by Kuomingtang (KMT) and Chiang Kai-shek, the darling of US politicians and media, with full support of America.
It just shows how far-sighted and strategic Mao was in view of China and her relations with the world.
The nation-wide education, building irrigation and reservoirs, laying down the industry structure and developing nuclear and H bombs under Mao’s guidance provided the skilled workers and industry base as well as a peaceful environment for Deng’s reform to take off quickly, once US gave up its political support to KMT in Taiwan by recognising PRC as the sole representative of China and its economic embargo on red China.

Posted by: lulu | Apr 16 2023 21:33 utc | 179

@Eric Newhill | Apr 16 2023 17:01 utc | 170
It’s definitely many millions.
Recognize that the pre-Columbian population of North America was in excess of 100 million.
In the 20rh Century through 1987, the US killed 575,000 to 1,634,000 in warfare and democide (Rummel, Irwin). Then came the Iraq War at over half-a-million, followed by over a million deaths due to sanctions, followed by another 600,000+ deaths in the Second Gulf War.
Since 2002 the US has displaced over 48 million people and killed more than 929,000 people in direct war violence in Afghanistan, Syria, Yemen, and Pakistan. The number of people who have been wounded or have fallen ill as a result of the conflicts is far higher, as is the number of civilians who have died indirectly as a result of the destruction of hospitals and infrastructure and environmental contamination, among other war-related problems. So yes, millions is correct.
If we look at capitalism as a whole, rather than direct deaths then an appendix by the overall editor,Perrault, Gilles (1998). Le livre noir du Capitalisme (The Black Book of Capitalism) provided an incomplete but accessible list of 20th-century death-tolls attributable to the capitalist system, including certain death-tolls covering the two World Wars, colonial wars, anti-communist campaigns, repressions and mass killings, ethnic conflicts, and victims of famines or malnutrition; bringing the incomplete total to 100 million deaths attributed to capitalism in the 20th century before 1989, to which the 3.5 to 5.5 million deaths directly . to the US can be added, for a total in excess of 100 million.
Yet people unacquainted with anything but poorly fabricated propaganda still attempt to assert, “but communism was worse”.

Posted by: Hermit | Apr 17 2023 3:36 utc | 180

Hermit #180
Your general statements are, of course, unimpeachable and constitute a very appropriate reply, but you cannot possibly be serious about the pre-Columbian population of North America.
The 100 million figure you give is generally assumed as an upper limit for ALL the Americas, in late XV century.
Even including the entire Mexico within your definition (something consistent with modern geography, but contrasting with the old notion of Meso-America) we are far from that range…

Posted by: MoaMetal | Apr 17 2023 4:37 utc | 181

@MoaMetal | Apr 17 2023 4:37 utc | 181
I was including Mexico and Canada in the pre-Columbian data.
For just the territory of the USA, we know that there were only 237,000 in 1900 and that the mortality rates were about 95% per century (for example, William Bradford described how the Dutch, rivals of Plymouth, traveled to an Indian village in Connecticut to trade. “But their enterprise failed, for it pleased God to afflict these Indians with such a deadly sickness, that out of 1,000, over 950 of them died, and of them lay rotting above ground for want of burial. And in 1840 George Catlin estimated aboriginal numbers in the United States and Canada at the time of independence to be perhaps fourteen million. He believed only two million still survived. By 1880, owing to warfare and deculturation as well as illness, Native numbers had dropped to 250,000, a decline of 98 percent.). So my estimates working backwards from mortality rates and the known survival numbers in 1900 are:
237,000 1900
4,740,000 1800
94,800,000 1700
This would make the typically cited mesoAmerican numbers a severe underestimate, and I think this may he’s the fact that Western data has consistently and deliberately undercounted the indigenous population to minimize the scale of the genocide in which their forerunners were complicit.

Posted by: Hermit | Apr 17 2023 6:52 utc | 182

This, I fear, is all leading us inexorably towards the dawn of the CBDC’s which will facilitate a new global digital financial system that gives governments and banks complete oversight and control not only over every financial transaction we make, but also over humanity itself.

Posted by: Sir Keef | Apr 17 2023 7:13 utc | 183

@Tom_Q_Collins | Apr 16 2023 21:00 utc | 178
Most of what people know about the DPRK is as suspect as what they know about any other socialist country. Here are some resources to correct that.
Here is a superb repository of academically credible documents relating to Socialism in the 21st Century
Here is a good paper on Venezuela
Here is a good paper on the DPRK
The USSR in a Nutshell: A Brief History of the Rise and Destruction of the Soviet Union and What Happens Next
Lies Concerning the History of the Soviet Union
A vast folder of resources on China

Posted by: Hermit | Apr 17 2023 7:33 utc | 184

@Lantern Dude | Apr 16 2023 9:20 utc | 141
I refer to Bonker’s Bolton as “the barking (mad) walrus (moustache) and have nothing good to say of him, so that’s enough. However, contra that otherwise good take-down, he is not only matched but outdone by Nuland and Hildemort, both of whom get as frothy as salted snails in the topic of Russia.
No matter how much they might despise Trump, all humans owe him their lives, because if Hildemort had stolen the election in 2016, WW III would have occurred already, and we would not be here.

Posted by: Hermit | Apr 17 2023 7:46 utc | 185

Emile de Antonio & Daniel Talbot, Point of Order! (1964) Senator Joseph McCarthy Documentary. Youtube 51m31s

In the 1940s and early 50s, Republican Senator Joseph McCarthy of Wisconsin (November 14, 1908 to May 2, 1957) was the face of the United States government’s anti-communist crusade known as the “Red Scare.” His tendency to make reckless and unsubstantiated accusations became known as “McCarthyism.” In 1953, McCarthy became the Chair of the Senate Committee on Government Operations, which included the Permanent Subcommittee on Investigations. McCarthy used the Subcommittee to investigate the presence of communists in the United States Government, including in the United States Army.
In response, the Army accused McCarthy of seeking special treatment for Private G. David Schine, a consultant to the Senate Permanent Subcommittee on Investigations and close friend of Roy Cohn, chief counsel to the Subcommittee.The Senate decided to use McCarthy’s own committee to investigate the conflicting allegations. The hearings were held from April 22 to June 16, 1954, and became known as the “Army-McCarthy Hearings.” They were broadcast nationwide, and led to McCarthy’s disgrace and censure by the Senate.
On January 14, 1964, filmmaker Emile de Antonio released the documentary film “Point of Order!”, which consisted entirely of edited Kinescope footage of the Army-McCarthy Hearings. The idea for the movie was suggested by Daniel Talbot, who co-produced it with de Antonio. The movie was very successful. While the Army-McCarthy Hearings are remembered primarily as the beginning of the end of the Red Scare, they also reflect a profound homophobia on both sides, which is quite uncomfortable today.

Posted by: Outraged | Apr 17 2023 8:12 utc | 186

The only thing that should be nuked is the financialization tumor sitting on top of the real economy, created by those stubborn rentier weeds that keep sprouting up.
“What you have today is the economy imagines that the financial sector, the real estate speculators are part of the economy and part of GDP instead of being an overhead, a tumor.”
~ Michael Hudson
“Say, does anybody remember that time back in the 40s when America found itself in a fight for its life against Nazi Germany, Imperial Japan and Fascist Italy and how FDR decided that the best thing he could do in response was to dismantle public infrastructure, privatize it and then employ financialization of what was left as their best way forward? No, me neither.”
“China has kept money creation in the hands of the government itself so that when the government creates money it can finance the creation of factory plants and equipment, dams, transportation infrastructure, public housing.”
“So the chief public utility to be kept in the public domain, (China realizes and has realized from the beginning) is the banking system and credit creation, even so there’s still private credit creation to some extent.”
“You have to prevent people from getting rich by not providing any productive service at all, but just by being good rip-off artists. That’s basically what finance capitalism is: opportunity for rip-off artists to get rich by taking money away from the 99%, into their own hands.”
https://michael-hudson.com/2022/07/finance-capitalisms-self-destructive-nature/
How did FDR create the most prosperous era in US history? He was surrounded by American fascists, licking their chops at the prospect of seizing control of government and doing to it what they’ve been doing these past 50 years. His federal jobs program provided competition to the big corporations, which is needed today to force them to offer common decency wages and benefits.
https://seekingalpha.com/article/223012-the-real-lesson-from-the-great-depression-fiscal-policy-works
The Dangerous Myth of ‘Taxpayer Money’
https://splinternews.com/the-dangerous-myth-of-taxpayer-money-1819658902
“Taxpayer money” doesn’t reflect how public spending actually works. A household or a business may have to stash or borrow money before it can spend, but we are users of the currency. The U.S. government is the issuer of the currency.”
A lot of money in the system is bank credit, especially from the 1980’s on, but this is only because the Wall St-controlled government is eternally constraining net issuance of its own currency, thereby increasing demand for bank credit. Austerity is a policy to subsidize the financial sector by creating artificial currency shortages.
All of this artificially manufactured private debt should be cancelled since it was dishonorably induced by means of deception. Top economists like Steve Keen and Michael Hudson advise writing it down or cancelling it altogether. https://www.youtube.com/watch?v=cHkmJwIYuzk&t=37s
“Everyone from Adam Smith, John Stewart Mill, they were all reforms. What they wanted to reform was getting rid of this parasitic landlord class that had conquered England in 1066 and it’s the heirs of the military warlords who ended up taking the land and making everybody pay them and all of their descendants just for having been conquered. You can see the carry-over of this today. The rent that people have to pay, the money they have to pay the banks instead of having a public option. That’s the price they still have to pay for being conquered.” ~ Michael Hudson
Excellent explanation of this 50-yr. economic fraud:
Neoliberal Economics – Professor Michael Hudson https://www.youtube.com/watch?v=0g0zehnmVWk&t=2s
“A rentier is someone who is not technologically necessary for society.” ~ Michael Hudson
Since they are fully aware that they are not necessary, they are trying to lock in their relevance by enforcing their own CBDCs.
Replacing Rentier Capitalism is One of the Defining Challenges of Our Age
https://www.opendemocracy.net/en/oureconomy/replacing-rentier-capitalism-one-defining-challenges-our-age/
… AND replacing Rockefeller Medicine. We’ll see just how different this multipolar world really is by how in lockstep they are with the medical tyrants.

Posted by: Raelyn | Apr 17 2023 12:48 utc | 187

@Cyril | Apr 16 2023 13:04 utc | 157
Initially I was inclined to give Ciaran the benefit of the doubt as to whether he was a common or garden troll or a gullible idiot who had internalized every piece of nonsensical anti-socialist propaganda ever published, but as each post became more incendiary it soon became apparent that he is both. Which is why I deleted the response had begun to write.

Posted by: Hermit | Apr 17 2023 14:45 utc | 188

This would make the typically cited mesoAmerican numbers a severe underestimate, and I think this may he’s the fact that Western data has consistently and deliberately undercounted the indigenous population to minimize the scale of the genocide in which their forerunners were complicit.
Posted by: Hermit | Apr 17 2023 6:52 utc | 182
First, thanks for your other reply. I think if you read more into the quote you supplied by Joseph Campbell you will find that he was, as well as critiquing old ways and belief systems, also maintaining just how powerful the mind that perceives and incorporates myths is. Nowadays we have different narratives and ideas populating the myth folder, so to speak, but they are no less potent. For example, the widespread superstition positing that only the physical is real, aka materialism. You and I disagree about this so no need to go over.
I am too ignorant to have a full picture about communism, but I believe it is fair to say that – for whatever reason, and such things are always argued at infinitum – millions died as they came into being and the pure form, part of which you described (absence of private property, full democratic participation etc.) has never been fully realized. Not because they are bad ideas but because reality simply doesn’t work that way. This is why both Russia and China, two large civilization states, have weathered some of the negative aspects of the communism experiment and now include capitalist elements within their polities. Personally, I think the terms capitalism and communism are now past their due-by dates and other terms are more helpful. For example market economy is a healthy form of ‘capitalism’ expressed in more functional terms, ie people producing, buying and selling stuff in a social context that makes this as easy as possible and discourages fraud. Then you have state governance which has to balance authoritarianism (the ability to decide yes or no in a timely fashion) with responsiveness (being in touch with the people governed, either by voting or other means).
All systems have strengths and weaknesses and all boil down to whether or not the majority of the people have good values which come from the culture passed down within families and societies from generation to generation. The systems come and go, adapting to the times and situations – that which works well in a tribe of 500 may not translate to a multi-ethnic nation of several hundred million, as Genghis Khan’s life demonstrated in spades (his mission being to stop endless internecine tribal-ethnic conflict).
As to American populations, I believe you are on the right track. Generally, it seems, you are quite gifted with numbers (even if, from my POV, you are philosophically challenged!!). I read an account written by a Catholic priest in one of the first boats going down the Amazon, probably early 1500’s (don’t recall). In it, he tells how they would visit a large city (by then current European standards) and many were already dying from disease spread from the city they had just passed only a few days earlier. That’s how fast diseases from Westerners spread through those populations. So by the time they reached the next city a few days later there were already people ailing and dying. I seem to recall he was amazed not only by the ghastly, rapid spread of the diseases, but also the size and sophistication of the cities.
Some researches claim that the Amazon not only hosted many large cities, but that its flora and fauna were managed in that 80% of the species are edible-medical. There is evidence of widespread use of bio-char, a simple method which fertilizes the soil for centuries at a time, and overhead analysis shows clear outlines of large population zones and sophisticated canal networks connecting everything together.
This is similar to the early merchant traders from Europe once their sailing technology had advanced sufficiently coming into ports in India. I remember reading in Gunder Frank’s Reorient one captain having his mind blown by the size of the first big port in India. Their ships were bigger and better and he said there were more in that one port than in all the ports in Europe at the time, which he knew well. And then he went on to visit other ports, some larger. And then at some point he ended up in Chinese ports which dwarfed the Indian ones. Europeans at the time had nothing of value to offer Asian markets. All their goods were inferior, basically, be they foodstuffs or manufactures like cloth, furniture etc. This is why the Americas were plundered: to supply gold and silver – Asian currency at the time – to purchase Asian goods. The spinning Jenny was deliberately invented to provide a good from England that could be sold. Why? Because by the mid-1700’s the silver and gold were running out in the Americas (the California gold rush was years away) so they had nothing with which to purchase Asian products. The spinning Jenny undercut local Indian cotton manufacturing (women in homes, mainly). They could sell that cotton in India for gold and silver and use it to buy stuff in China. So the slave labour in the Americas funded the rise of Europe in many ways, not least of which was arbitraging relatively small numbers of armed men into being able to conquer relatively large amounts of resources due to their leg up on weaponry, a situation which last for a couple of centuries until recently that was finally put a stop to.
We are now in a rebalancing phase – long overdue. But we will never outgrow the need for societies to be well governed and for their essential culture to foster such good government by having good people learning how to be good whilst fending off the pirates which have always and will always exist in any human realm.

Posted by: Scorpion | Apr 17 2023 15:46 utc | 189

This thread is over, but it did spark a Yi Reading and article published on my little blog linked to the name Scorpion above, and:
The Core Principles of Good Society today
Thanks to
Posted by: Tom_Q_Collins | Apr 16 2023 5:52 utc | 120
for inspiring it, and later contributions by Hermit.

Posted by: Scorpion | Apr 17 2023 16:40 utc | 190

@ Scorpion | Apr 17 2023 15:46 utc | 189
That should have read “This would make the typically cited mesoAmerican numbers a severe underestimate, and I think this may be attributed to the fact that Western data has…”
I totally agree with you about Campbell, and have invested a ridiculous amount of time following up on this from the perspectives of cognitive neurology, evolutionary psychology and memetics. I even agree with you (and him) about the power of myth, fable and other stories. Who could not? If stories can pump you full of hormones, and we have shown that they can and do, they can.also alter what you think you know, how you feel and how you think as well as anything else you may experience. There is little more powerful than that. But like people, some myths are really harmful and others only moderately so. I’m more inclined to promote wholesome stories like those inherent to Studio Ghibli’s works than anything I have found in any religious works.
Our vulnerability to well told stories and other systems intended to modify our emotions and state of mind does make us extremely vulnerable to manipulation and error, which is why I have worked hard to separate the imaginary from the more than imaginary, the difference being that the more than imaginary possesses intersubjectively verifiable attributes which allow us to distinguish between them.
I may be more nuanced than you think. I do not pretend to know what the “material” or “real” may be, and suspect that they are imaginary. I do know that to assert realism, in a universe that is very likely holographic, would be delusional. 😉
I do know that my rejection of all belief leaves me remarkably good at changing my mind when confronted with new evidence. So far I would say that nothing I have ever experienced or any research I have performed, has suggested to me that there is anything which does not comport with our current scientific models, and given that we understand our universe at human scales well enough to be certain that any future discoveries will be compatible with the models we have already established, I’m not expecting my opinion to change.
Many people have died for all sorts of causes, but it is unlikely that communism per se underlies any of them. I assume you are alluding to the Russian and Chinese experiences, both of which began in rather messy revolutions, both of which aspired to communism and neither of which experienced millions of deaths because of communism. An excellent starting point is
Sousa’s Lies Concerning the History of the Soviet Union and my The USSR in a Nutshell: A Brief History of the Rise and Destruction of the Soviet Union and What Happens Next. For ridiculously well documented rebuttals of the massive communist death tolls see Furr, Grover (2019). Stalin: Waiting for … the Truth! Exposing the Falsehoods in Stephen Kotkin’s Stalin: Waiting for Hitler, 1929–1941. Red Star Publishers. I cannot produce a paper in fairly short order if one is needed to debunk the ridiculous lies about “Socialism with Chinese Characteristics” common in the West. My post grad years studying Scientific Communism, Dialectic Materialism, Historical Materialism, Foundations of Scientific Atheism, Political Economics and Political Civics (all mandatory prerequisites for Military Medicine in the USSR) have to be useful for something.
Communism does not necessitate the elimination of private property in the way that propagandists portray in a way to terrify people with a little property and less education into rejecting communism unseen for fear that 5he ogres will take the little they hate permitted to own under other systems. The actual meaning of communism is very different. It is simply the means of production which are owned and managed by everyone, and that everyone receives according to their needs (think of a much better than basic income) and contributes according to their abilities (and there is nothing wrong with incentivising this) within a broad equality of outcome (which can be accomplished with taxes on capital owned or managed). One way to achieve this would be to convert all enterprises employing more than one person into cooperatives, with voting open to everyone weighted by proximity, involvement and expertise. I have suggested that a fair way to do this would be to value every enterprise at the moving average of the taxable income declared over the past ten years, extrapolated as needed, and pay this to the current owners using a small self-retiring tax on all transactions until the previous owners are compensated. Thereafter the profits made would return to the Treasury. Financing could be obtained from Treasury by public vote – a publicly funded go-fund-me.
Establishing, remunerating and diseatablishing the small and diminishing number of publicly funded positions should be voted on by the public, as should appointments and dismissals to these positions. This can be as simple as a web page per person and position with open voting. A preponderance of positive votes would maintain the incumbent.
Providing a way for everybody to participate and vote, directly or through proxies, on conversations about government resolves most issues, and I would recommend a fundamental ethical stance based on my Evaluism.
I’m not a fan of philosophy. See my On Philosophy which attempts to explainand contextualize my position, given that the sciences have achieved far more, for far more people, in the century it they have been disciplines, than philosophy (and the belief systems with which it is intertwined) in the past 5,500 years or so.
I do not agree that all systems have “strengths and weaknesses” (many are incoherent or nonsensical), some are all bad, others are all good (e.g. The Platinum Rule), while many are ethically neutral. I also disagree that the “majority of the people have good values which come from the culture passed down within families and societies from generation to generation”. This is a matter of morality, which is always relative, situational, learned and reflexive, not a good basis for living in a complex interconnected world. Imagine if you lived next to a family of anthropopagai. No matter how “good” their “values” and how ancient their recipes and culture, you would be an idiot to turn your back on them. Today, what we need are ethics upon which we can agree. Again I suggest my Evaluism where I discuss this. I do think that people living comfortable pleasant lives who have had at least four generations with sufficient to eat (to avoid epigenetic issues associated with hereditary malnutrition) tend to be rather good people to be around. One of the tragedies of humans is that we have fought and fucked too much for that to be possible. Which is why is we are to survive at all, we have to do better than that.
On everything else we are in wholehearted agreement (and apparently read similar books. Were you perhaps thinking of
the 1542 l of Captain Francisco de Orellana as documented by Father Gaspar de Carvajal in His Relación del nuevo descubrimiento del famoso río Grande que descubrió por muy gran ventura el capitán Francisco de Orellana [Account of the recent discovery of the famous Grand river which was discovered by great good fortune by Captain Francisco de Orellana]). What a pity that the Catholics burned and destroyed all of their books and records. It would be very helpful to understand their food forest management techniques.

Posted by: Hermit | Apr 17 2023 21:15 utc | 191

@Raelyn | Apr 17 2023 12:48 utc | 187
Wonderful post. You might find my Economics Rebooted interesting.

Posted by: Hermit | Apr 17 2023 21:19 utc | 192

On everything else we are in wholehearted agreement (and apparently read similar books. Were you perhaps thinking of
the 1542 l of Captain Francisco de Orellana as documented by Father Gaspar de Carvajal in His Relación del nuevo descubrimiento del famoso río Grande que descubrió por muy gran ventura el capitán Francisco de Orellana [Account of the recent discovery of the famous Grand river which was discovered by great good fortune by Captain Francisco de Orellana]). What a pity that the Catholics burned and destroyed all of their books and records. It would be very helpful to understand their food forest management techniques.
Posted by: Hermit | Apr 17 2023 21:15 utc | 191
Eccelente. Yes, I think that was the one. After over 15 years of undiagnosed chronic Lyme some of my memory banks sputter and sparkle. Occasionally stuff comes through but often there’s just discombobulated backfires and then…. nothing! (except residual dyslexia when reviewing sentences on online chats like this!) Also, after so many years of reading so eclectically, hard to maintain a well-ordered bio-organic filing system. Though I remember reading years ago that PM Peel was able to remember every single word of every single sermon he had ever heard (from every single Sunday no doubt). His grandson was my headmaster at a little school in Surrey whose greatest possession was Mr. Peel’s well-known framed photograph of Mr. Churchill and General Montgomery but this one actually signed by both. A little thing, but much treasured. His grandson, truth be told, though very handy with a cane which was administered on my backside over 50 times (!! – excruciating but I was a disobedient fella and loved those midnight swims!), did not have his grandfather’s prodigious memory. Times change, the Empire is no more.
Anyway, thanks for sharing your thoughts. You make, as always, many good points. One small thing though about science. What you say about its value of late is both reasonable and accurate, although without the industrial revolution – which was not principally a product of the scientific method – it would have had far less impact. Indeed, that revolution propelled much of the engineering advances that in turn developed how science was used and developed much more than vice versa though obviously there was – and still is – back and forth. The combination of China’s huge slump starting in the mid 1750’s and Europe’s rise – not a coincidence I suspect – fueled that revolution and the rest, as they say, is history. Now the Asians carry that torch. We shall see where it leads them.
But I don’t agree that science tells the whole story. Good science, properly conducted, is valuable, powerfully so, no question. But there is also plenty of bad science that comes along with the good which is not so valuable. That’s a secondary point. My main point is that there is much of great value that science simply doesn’t touch or even see. And those pushing science as the apogee of civilizational wisdom do a disservice to humanity. Simply put, in experiential zones where we all live, qualitative phenomena are as vital and quintessential as quantitative-material phenomena. (Which is why stories are so powerful, they are collections of qualities, basically which are mental-emotional-non-physical in nature, even though, as you point out, they can trigger hormonal reactions.)
That’s my beef with materialism. It claims too much and in so doing smothers too much as well. That’s all. It’s like geopolitics: the US-West needs to pipe down and learn how to become a normal sovereign bunch of polities again instead of trying to control everyone everywhere all the time. Ghastly. Not to mention often seriously inhuman. Science is the same. It needs to stop claiming to know all about everything and claiming that everything not knowable by science is not worth knowing at all.
That’s tyrannical BS in my book. Apart from that, no worries.

Posted by: Scorpion | Apr 18 2023 6:26 utc | 193

Thank you b. for this excellent article which I have read 2 times.
‘Well obviously, the one thing the characterizes the new global World Majority order is a mixed economy where other countries will do what China has done. They will make money and land, meaning housing, and employment into public rights and public utilities instead of commodifying them and privatizing them and financializing them as has occurred in the West.
So we’re really talking about, in order to move away from the dollar-NATO-sphere, we’re not really talking about just one national currency or another.
It’s not going to be a question of the Chinese yen and the Russian ruble and other currencies replacing the dollar. It’s a whole different economic system.’ end quote
So important, as this system was exactly what Yugoslavia had before it was destroyed as an alternative system which was too dangerous to a world imperialism and greedy capitalism.As an successful example.
We were made each to buy again the real estate which Yu govt. has given us, the money has dessapeared. We were de-industrialized, de-agricultured, broken into colonies, actually destroyed.Now we are the tourist destination, like Haiti. Hopeless.
Thank you for this, it simply is excellent.

Posted by: stranger | Apr 18 2023 13:49 utc | 194

For those maybe interested in destruction of Yugoslavia by NATO, the good sources are Engdahl and Michael Parenti.
So much of what is going on in hapless Ukraine reminds me of this MO they had employed in my country, never original, just repeating the same old, same old…
Hopefully this time they have met the power which will be able to stop them and I hope take away everything from them
While the world (over 80% of it) transitions slowly and perilously to a better version of itself.
*Perilously, as they are (although disintegrating), still quite dangerous to their own vassals as they are to the rest of us.
Well, have a good day barflies.

Posted by: stranger | Apr 18 2023 14:45 utc | 195

@Scorpion | Apr 18 2023 6:26 utc | 193
The scientific method is not a technique to invent/create, but to improve and correct (see e.g. Feyerabend, Paul (1975). Against Method. Verso; Fourth Edition (May 11, 2010)). It evolved between the late 1890s and mid 1930s, at least partially as a result of Darwinian evolution, coupled with Heisenberg’s uncertainty, and was instrumental in developing the standard model and quantum electrodynamics. Everything before that was technically prescientific*, Today, following Feyerabend and von Neumann (See my On Truth and Models), we recognize that science is the creation of models that work, and the scientific method is principally a way to improve and correct our models. Apparently, Western schools still tend to instill an antiquated, simplified and irrelevant perspective of science as a tool for invention and an explicatory tool, neither of which it is, although it is a misunderstanding which is very hard for most people to overcome.
*Although the Canal network in Britain, built to transport coal, resulted in huge capital requirements, massive profits and cheap transport which drove the industrial and agricultural sciences as well as development of an economic system capable of sustaining industrialization. There are a number of superb historic fiction books by Malcolm Ross-McDonald which cover this period, in particular, The Silver Highways about the construction of canals which touches on the Duke of Bridgewater’s agronomic science, and World from Rough Stones which centers on the development and construction of Railways.

Posted by: Hermit | Apr 18 2023 17:23 utc | 196

@Eighthman | Apr 15 2023 17:41 utc | 1
Crazy how they totally misread the causes, couldn’t be anything to do with the US using the dollar to loot and attack other countries, let alone the rapacious US oligarchs impoverishing the country and destroying the world on a fuck the future we want our (and your) cake now basis. 😉

Posted by: Hermit | Apr 18 2023 18:57 utc | 197

@karlof1 | Apr 15 2023 18:37 utc | 10
World bank and IMF are American creations and puppets. Any attempt at independence will result in those responsible being Strauss-Kahned or worse, and everyone there knows it.

Posted by: Hermit | Apr 18 2023 20:28 utc | 198

On everything else we are in wholehearted agreement (and apparently read similar books. Were you perhaps thinking of
the 1542 l of Captain Francisco de Orellana as documented by Father Gaspar de Carvajal in His Relación del nuevo descubrimiento del famoso río Grande que descubrió por muy gran ventura el capitán Francisco de Orellana [Account of the recent discovery of the famous Grand river which was discovered by great good fortune by Captain Francisco de Orellana]). What a pity that the Catholics burned and destroyed all of their books and records. It would be very helpful to understand their food forest management techniques.
Posted by: Hermit | Apr 17 2023 21:15 utc | 191
Eccelente. Yes, I think that was the one. After over 15 years of undiagnosed chronic Lyme some of my memory banks sputter and sparkle. Occasionally stuff comes through but often there’s just discombobulated backfires and then…. nothing! Also, after so many years of reading so eclectically, hard to maintain a well-ordered bio-organic filing system. Though I remember reading years ago that PM Peel was able to remember every single word of every single sermon he had ever heard (from every single Sunday no doubt). His grandson was my headmaster at a little school in Surrey whose greatest achievement was Mr. Peel’s possession of a well-known photograph of both Mr. Churchill and General Montgomery signed by both. A little thing, but much treasured. His grandson, truth be told, though very handy with a cane which was administered on my backside over 50 times (!! – excruciating but I was a disobedient fella and loved those midnight swims!), did not have his grandfather’s prodigious memory. Times change, the Empire is no more.
Anyway, thanks for sharing your thoughts. You make, as always, many good points. One small thing though about science. What you say about its value of late is both reasonable and accurate, although without the industrial revolution – which was not principally a product of the scientific method – it would have had far less impact. Indeed, that revolution propelled much of the engineering advances that in turn developed how science was used and developed much more than vice versa though obviously there was – and still is – back and forth. The combination of China’s huge slump starting in the mid 1750’s and Europe’s rise – not a coincidence I suspect – fueled that revolution and the rest, as they say, is history. Now the Asians carry that torch. We shall see where it leads them.
But I don’t agree that science tells the whole story. Good science, properly conducted, is valuable, powerfully so, no question. But there is also plenty of bad science that comes along with the good which is not so valuable. That’s a secondary point. My main point is that there is much of great value that science simply doesn’t touch or even see. And those pushing science as the apogee of civilizational wisdom do a disservice to humanity. Simply put, in experiential zones where we all live, qualitative phenomena are as vital and quintessential as quantitative-material phenomena. (Which is why stories are so powerful, they are collections of qualities, basically which are mental-emotional-non-physical in nature, even though, as you point out, they can trigger hormonal reactions.)
That’s my beef with materialism. It claims too much and in so doing smothers too much as well. That’s all. It’s like geopolitics: the US-West needs to pipe down and learn how to become a normal sovereign bunch of polities again instead of trying to control everyone everywhere all the time. Ghastly. Not to mention often seriously inhuman. Science is the same. It needs to stop claiming to know all about everything and claiming that everything not knowable by science is not worth knowing or experienced.
That’s tyrannical BS in my book. Apart from that, no worries.
(My internet went down for a while and I didn’t realize until cleaning up tabs right now that this one didn’t get sent…)

Posted by: Scorpion | Apr 18 2023 23:30 utc | 199

@Surferket | Apr 16 2023 0:47 utc | 95
87% of the “private sector” in China is owned by the regional banks, which are publicly owned and managed, and legally required to reinvest their profits in their regions. Reinvestment of simple returns leads to compound returns. This is why China’s median income has experienced exponential growth since the 1990s, how it has eliminated extreme poverty and is in the process of eliminating poverty even as it builds the best infrastructure in the world. Compare that to the US where the median income has declined since the 1970s, extreme poverty is soaring, and poverty is growing, even as the remaining infrastructure collapses (in the case of bridges, literally).

Posted by: Hermit | Apr 19 2023 13:50 utc | 200