Irony Overload: Is the US is about to be Neocolonialised by China? [View all]
If you’re fuzzy about how the World Bank and US construction firms have used IMF loans and infrastructure projects to gain control of resources around the world, I’d recommend “Confessions of an Economic Hitman” by John Perkins. (I believe our own The Magistrate would be happy to recommend more advanced treatments if you care to pursue the subject).
Well, due to a death in the family, I’ve been in touch with some of my more conservative relatives in North Carolina including my step mom’s husband who owns a civil engineering firm. His knickers were in a twist because it seems that China has bought a large bridge near Salisbury NC and is in the middle of major repairs – using only Chinese engineering firms.
Intrigued, I started Googling and came across this:
China says the U.S. government should make its policies on foreign investment more transparent
BEIJING, Dec 2 (Reuters) — China may channel part of its huge pool of foreign exchange reserves into investment in U.S. infrastructure, including rail and transportation networks, Commerce Minister Chen Deming said on Friday.
"China is unwilling to take on too much U.S. government debt. We are willing to turn that money into investment," he told U.S. Ambassador to China Gary Locke and U.S. businessmen.
Chen did not elaborate on how China might channel some of the country's war chest of $3.2 trillion foreign currency reserves to invest in U.S. infrastructure, such as rail and transportation systems.
"U.S. infrastructure in some areas needs rebuilding, for example its electricity grid, railways and transportation networks," he said.
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http://www.usnews.com/news/articles/2011/12/02/china-may-invest-in-us-infrastructure
I guess it could be more ironic, but I just don't see how.
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