Commentary
U.S. President Joe Biden’s announcement at the 2022 G7 meeting that $600 billion would be given to the developing world should set off alarm bells across the West.
What is driving this massive transfer of wealth from the developed world to developing countries?
The reason is the U.S. State Department, and Biden managed to persuade G7 leaders in Germany that Western democracies need to match Beijing’s bribery of the developing world.
The State Department argues that China’s Belt and Road Initiative (BRI) is successfully recruiting “third world” leaders into a maturing Beijing-Moscow bloc, and it was, therefore, imperative the West create a counter-BRI—in this case, the Partnership for Global Infrastructure and Investment (PGII)….