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Italy Joins China's New Silk Road Project

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Re: Italy Joins China's New Silk Road Project

#62

China is doing what is a great advancement for the world: integrating east and west, and in the process bringing the long forgotten areas in the middle east into the world trading order. The more investment in the Silk road, the more we will have a robust economic system integrating countries that until now were forgotten by the previous world order.

They weren't 'forgotten' they were made irrelevant through technology (airplanes, shipping containers, etc) and geo-political trends (the fall of the ottoman empire).

As great as it sounds on paper there are quite a few economists who are skeptical about the ROI from all of these investments.

But I do like how bold it is, which you rarely find in western countries (large scale infrastructure projects). They can barely build a stretch of road without it costing 10x the budget and getting caught up in years of political horse trading.

Re: Italy Joins China's New Silk Road Project

#63
post #12

Earlier quoted context omitted.

I think the US ideals of freedom of speech/thought/religion are great, but unfortunately the US "ideal" of greed seems to be what the US is better at exporting.

Strange take. I’m socialist and communist countries, the rich make their money off government corruption. In the US rhe rich make their money off providing value to people in the free market.

When I look at a list of billionaires, for most of them I don't see any kind of value that they generate to society. In fact you will even find criminals like Donald Trump.

Re: Italy Joins China's New Silk Road Project

#64

China is doing what is a great advancement for the world: integrating east and west, and in the process bringing the long forgotten areas in the middle east into the world trading order. The more investment in the Silk road, the more we will have a robust economic system integrating countries that until now were forgotten by the previous world order.

A train road can't handle economic scale like ships can. The belt is a excuse for modern colonization through debts

Re: Italy Joins China's New Silk Road Project

#65

China is doing what is a great advancement for the world: integrating east and west, and in the process bringing the long forgotten areas in the middle east into the world trading order. The more investment in the Silk road, the more we will have a robust economic system integrating countries that until now were forgotten by the previous world order.

The idea looks good on paper, it will be important to keep an eye on the underlying actions that are made to ensure it is not used for nefarious reasons. This part is specially difficult when transparency is lacking.

Re: Italy Joins China's New Silk Road Project

#66
post #26

If the US wants to counter China's Belt and Road Project, it should offer a suitable alternative instead of merely talking about how it's debt trap diplomacy.

Point taken.

Because now I think about it, the world bank and other western trade facilities are also, at heart, simply "debt trap diplomacy" as well.

We need to come up with something new.

Re: Italy Joins China's New Silk Road Project

#67
post #26

If the US wants to counter China's Belt and Road Project, it should offer a suitable alternative instead of merely talking about how it's debt trap diplomacy.

Ahem, Marshall's plan? It also left the affected countries better off, not indebted (although I doubt that China will have many attached strings in Italy's case)

Re: Italy Joins China's New Silk Road Project

#68

China is doing what is a great advancement for the world: integrating east and west, and in the process bringing the long forgotten areas in the middle east into the world trading order. The more investment in the Silk road, the more we will have a robust economic system integrating countries that until now were forgotten by the previous world order.

A train road can't handle economic scale like ships can. The belt is a excuse for modern colonization through debts

Trains are still the most fuel economical way to transport products through long distances. And trains can also transport loads to intermediary locations in a much more efficient way than ships.

Re: Italy Joins China's New Silk Road Project

#69
post #26

If the US wants to counter China's Belt and Road Project, it should offer a suitable alternative instead of merely talking about how it's debt trap diplomacy.

It’s more like your friend pointing out your bad spending habits and telling you not to get a payday loan.

Re: Italy Joins China's New Silk Road Project

#70

Earlier quoted context omitted.

A train road can't handle economic scale like ships can. The belt is a excuse for modern colonization through debts

Trains are still the most fuel economical way to transport products through long distances. And trains can also transport loads to intermediary locations in a much more efficient way than ships.

No, they are not.

Ships try to deliver cargo as deep in the country as possible. Then trucks take over ( Europe), because of different destinations.

You think they are joining the world trade order, I just see an expensive debt trap that won't even change 0,1% in a countries trade

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