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Posts Tagged ‘It’s the economy stupid.’

It’s the economy, stupid.

June 15th, 2011 12 comments

U.S. Secretary of State Hillary Clinton has made another round of public statements about China I thought worthwhile taking a look. As the Chinese become more affluent, I think they will care less and less. But, for now, they do. Reuters reported on Clinton’s remarks in her recent trip to Africa, and I would like to share my thoughts on those.

LUSAKA, June 11 — Africa must beware of “new colonialism” as China expands ties there and focus instead on partners able to help build economic capacity on the continent, US Secretary of State Hillary Clinton said today.

Look, the Africans can decide for themselves what is best for them. The best thing that has happened to Africa in recent years is the fact that there is a economically significant nation who is offering them an alternative, and frankly, one that is giving them a much better deal. Read more…