Articles by Johan Galtung, 17 Aug 2015
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Sustainable Debt — And West-Russia-China-Japan?
Johan Galtung, 17 Aug 2015 - TRANSCEND Media Service,
17 Aug 2015
The game is dirty and has lasted 70 years. The formula for big profit is simple: give credit to a country poor enough not to be able to pay it off quickly, yet not so poor that it cannot go on servicing the loan for years. To be worthwhile the project must be capital-intensive, like (air)ports and highways to the (air)ports for import-export, assembling cars–something for the rich.
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