Commentary Have you ever fallen prey to progression bias? Although the phenomenon is most often applied to romantic relationships, it can also be applied to the world of politics. The progression bias can be seen with China and its 139 Belt and Road Initiative clients. Since 2013, the year the initiative first began, the risks associated with the Chinese regime’s global infrastructure development strategy have been repeated ad nauseam. Nevertheless, the warnings have fallen on dozens of deaf ears; 71 percent of the world’s countries have signed up to the Belt and Road Initiative (BRI, also known as One Belt One Road). When the Chinese regime promises new roads and bridges, buildings and dams, one would do well to remember that Beijing regularly fails to deliver on its promises. Numerous countries now find themselves saddled with unfathomable levels of debt. They are in too deep, compromised in every way imaginable. Quitting, they tell themselves, is no longer an …
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