Seven years after being launched by President Xi Jinping, first in Astana and then in Jakarta, the New Silk Roads, or Belt and Road Initiative (BRI) increasingly drive the American plutocratic oligarchy completely nuts. The relentless paranoia about the Chinese “threat” has much to do with the exit ramp offered by Beijing to a Global South permanently indebted to IMF/World Bank exploitation. In the old order, politico-military elites were routinely bribed in exchange for unfettered corporate access to their nations’ resources, coupled with go-go privatization schemes and outright austerity (“structural adjustment”). This went on for decades until BRI became the … Continue reading Belt and Road Paranoia Will Rumble on Under Biden