China seems to think it can keep growing by going colonial, replacing ties with the west with Africa and "BRICS". I guess they do really believe the Leninist idea about the west becoming rich through colonial exploitation.https://twitter.com/niubi/status/1027683386268286980 …
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Which is lunacy. Growth comes from trading with rich nations. Poor nations are poor and don't have spending ability. Which is why western powers ended up moving troops to enforce their claims. China can't do that and will get fleeced. Ah, Marxists.
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Replying to @thespandrell
Interesting -- would you say the colony systems were a net wash/negative for the European countries? I'd always assumed that extraction of resources was one of the success factors. Would be interested in reading more about this!
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It was profitable when it was a brutal private enterprise. It was a net loss when states had to invade to enforce debt collection.
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