CHINA IS TAKING A PAGE out of the American playbook in its massive global investment called the Belt and Road Initiative (BRI).
In America’s version, the Marshall Plan, they invested $100 billion in the war-torn regions of Europe after the Second World War. The stated goals were to remove trade barriers, modernize industry, and improve European prosperity.
The unstated goals of the Marshall Plan were to establish an economic presence in Europe. The Soviets understood this. Soviet Foreign Minister Vyacheslav Molotov, in opposition to the plan in 1946, said: “If American capital was given a free hand in the small states ruined and enfeebled by the war [it] would buy up the local industries, appropriate the more attractive Rumanian, Yugoslav … enterprises and would become the master in these small states.”
David Charbonneau is a retired TRU electronics instructor who hosts a blog at http://www.eyeviewkamloops.wordpress.com.