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by JumpCrisscross 1089 days ago
> regarding African governments as some gullible, uneducated bunches of toddlers

They’re not stupid, they’re corrupt. The elites get a slice of the pie. It’s how development finance has been done for centuries. “Stakeholders” are bought off. The country is left with the bill.
2 comments
quickthrowman 1089 days ago
Exactly. And if a ruler’s elite supporters find out he turned down Chinese loans that he could’ve used to give his elite supporters lots of free money, they’ll remove him from power and put someone else in that will take the loan money and pay it out to the elites.

CGPGrey has a great video called ‘Rules for Rulers’ that explains this in depth: https://youtu.be/rStL7niR7gs

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ethbr0 1089 days ago
> corrupt

To quantify the statement,

https://en.m.wikipedia.org/wiki/Corruption_Perceptions_Index

https://en.m.wikipedia.org/wiki/Global_Corruption_Barometer

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