Whilst I do concur that the article fails to address the risks of countries incurring indebtedness in order to fund their infrastructure needs - the fact of the matter is that often they do not feel they have viable alternatives to Chinese funding. I have lived and worked in Africa for over 20 years and as a person who was born privileged (i.e. access to clean drinking water, infrastructure that enabled my mobility, a real education etc.) it's easy for me to now embrace the idea of a well-being economy. I do not believe that we need to teach people in developing countries "the basic laws of nature". They want "development". I think rather we must start with Wall Street, the IMF, the World Bank and the leaders of countries that are actually responsible for massive destruction and the creation of systems that will surely kill us all (and our planet) unless transformed.
Published by Sharron L McPherson, Former Investment Banker and Wall Street Attorney turned Serial Social Impact Entrepreneur
Whilst I do concur that the article fails to address the risks of countries incurring indebtedness in order to fund their infrastructure needs - the fact of the matter is that often they do not feel they have viable alternatives to Chinese funding. I have lived and worked in Africa for over 20 years and as a person who was born privileged (i.e. access to clean drinking water, infrastructure that enabled my mobility, a real education etc.) it's easy for me to now embrace the idea of a well-being economy. I do not believe that we need to teach people in developing countries "the basic laws of nature". They want "development". I think rather we must start with Wall Street, the IMF, the World Bank and the leaders of countries that are actually responsible for massive destruction and the creation of systems that will surely kill us all (and our planet) unless transformed.