Commenting by only reading the title, it’s interesting that that’s my experience in China as well. Those I know who try to make extra money by lending lost a lot during and after Covid. I wondered why they didn’t pursue it and they just say their clients went so broke with Covid and the economy that there is nothing to ask for. It’s a nice thought that even though a lot of money is lost they don’t consider legal action!

[–] EmpireInDecay@lemmy.ml 8 points 1 week ago (1 children)

I'm guessing it's because China lends to help, the US lends to bury them in debt so they can steal resources when they default

[–] Suoko@feddit.it 9 points 1 week ago

US probably learnt the lesson from UK monarchy. "I will let you think you can be as rich as me, but I will always be richer than you and I csn crush you whenever I want". It's not a society based on mutual help and respect, it's more like a silent caste system, that they pretend it to be based on meritocracy. You can experience it everywhere, you just have to better open your eyes