Category: Odious Debts

Grand Inga Dam: Another white elephant for the DR Congo

(November 21, 2011) An article in the Daily Maverick argues that the proposed Grand Inga Dam in the DR Congo is a “beautiful vision” that would “fix Africa” by “lighting up the heart of darkness”, powering African industries and forcing countries to rely on each other.

Nationalizing China

(June 24, 2011) China is heading for a degree of government ownership and central planning unseen since Mao’s passing. This Financial Post article by Probe International’s Patricia Adams looks at the advance of the state at the expense of China’s private sector and its foreign competition. In fact, she notes, western companies – feeling unwanted – are beginning to pull up stakes in China. And that suits China just fine.