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Chinese money and labour: A win-win for them
Dear Editor,
Thank you much for allowing me space in your excellent paper Kaieteur News to add my take of this slippery slope known as the Belt and Road Initiative, funded by China.
Let me first say your reporting on this initiative and the oil contract with Exxon Mobil is indeed first world investigative journalism, and deserves the highest praise and recognition.
As you so rightly pointed out, the Chinese have become the world’s latest international economic predator.
(My characterization) They are using their money and technical know-how to gobble up more and more countries, trapping them in an endless vortex of dependence and economic enslavement.
The examples around the world are a testament to the Greek gifts dressed up in China’s good intentions, leaving those countries, accepting their money, trapped and for all intents and purposes tied to them for years to come with no conceivable way out of their money pit.
Guyana has already experienced how technically unsound their assistance can be- the Marriott Hotel; Skeldon sugar factory and the Cheddi Jagan Airport upgrade.
A major portion of their work leaves a lot to be desired, downright sub-standard and in addition, most of the works are being done by Chinese labour effectively shutting out local participation.
For them, it’s a win-win exercise.
Guyana with its coming oil bounty will find itself squarely in China’s sights and even from my limited training in economics, having worked in the U.S civil service at the Bureau of Labor Statistics for 11 years, it is clear that Guyana will not be able to avoid the economic and financial pitfalls of this Belt and Road Initiative.
We are simply not equipped enough to avoid this economic noose. China holds all of the cards in this game, they have become adept at playing.
I personally believe that their plan is all about conquest- they are accomplishing with their money what America did and still doing to a lesser extent with their guns and bombs.
Be very afraid, Guyana.
Claudeston Massiah
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