What Weisbrot really said about China and Latin America
One of our resident Mad Tea Partyers in the Latin American Forum recently posted this headline: "Weisbrot begs China to bail out Ven and Argentina" and included a link to an article by Mark Weisbrot at Huffington Post.
Weisbrot's article, the actual title of which is "China Has Good Reason to Help Stabilize Latin American Economies", a) doesn't "beg" China to "bail out" these countries but rather lays out the reasons why Chinese lines of credit/investment in Latin America are good for China, and b) provides news that is suppressed by the 1%-er media, for instance, that Venezuela has paid back much of its loans from China, that Bolivia (another leftist government hated by the 1%-er media) has piled up foreign cash reserves even greater than China's (relative to GDP), and that the U.S.-dominated IMF deals out flexible credit lines only to rightwing governments (surprise, surprise!).
The article also contains the interesting observation that China has no military bases overseas and no empire, as opposed to the U.S. which has military bases all over the world. China's foreign policy is already based on a "multi-polar world" and has a "common interest (with LatAm) in an international political order that favors respect for national sovereignty and independence over unilateral intervention and military force." The article also points out that China has already done significant lending not only to Venezuela but also to Brazil, Ecuador, Cuba and other countries.
Weisbrot's article must represent a rather a serious threat to our 1%-ers given that one of our DU Mad Hatters jumped in so quickly to post it with a false headline. The Mad Hatters hate Weisbrot with the venom of the mad. (Weisbrot is like "Alice" asking logical questions and having normal human feelings toward others.) It is also probable that our Mad Hatter echoers of the corporate media propaganda on Latin America--that Latin American leftist democracies are bound to fail--is the visible layer of a deep and very, very dirty financial campaign against these rebellious countries, which have thus far done extremely well at reducing poverty, creating democracy and restoring their sovereignty, after more than half a century of U.S. horrors inflicted upon them. Our corporate rulers hate having these examples in the world of financial fairness, democracy and sovereignty, and are surely using our covert agencies against them. As Weisbrot says, "Washington would like to get rid of all of the left governments in the region and return to a world of 'limited sovereignty' there that it maintained 20 years ago."
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Weisbrot's article: China Has Good Reason to Help Stabilize Latin American Economies
http://www.huffingtonpost.com/mark-weisbrot/china-has-good-reason-to_b_4703407.html?utm_hp_ref=latino-voices&ir=Latino+Voices
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