Monroe Doctrine, Chinese style

[unhappycamper]

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2992442



After the end of the Monroe Doctrine, another regional hegemony is emerging on the other side of the globe.

Monroe Doctrine, Chinese style
By You Sang-chul
JoongAng Ilbo, July 23, Page 28

Chinese President Xi Jinping has completed a four-nation tour of South America. In order to allow Xi, a football fan, to attend the World Cup final, Brazilian President Dilma Rousseff initially scheduled the sixth BRICS summit right after the World Cup. However, Xi turned down the offer and focused on work instead. At the summit, Brazil, Russia, India, China and South Africa agreed to establish a new development bank, the equivalent of a World Bank for the BRICs members, openly challenging the U.S.-led financial order.

Also, China will be supplied iron ore from Brazil in exchange for a $7 billion loan, beans from Argentina for an $8 billion loan and petroleum from Venezuela for a $13 billion loan. Especially to Argentina, whose economy is struggling, Xi offered a generous loan. He flew to Cuba, which China calls a “good friend, good comrade and good brother,” and showed off the friendship between two of the world’s last remaining socialist states.

For nine days, the Chinese president freely navigated South America, traditionally and geographically in the U.S. sphere of influence. But that can be seen as a response to U.S. President Barack Obama’s tour of four Asian countries in April. When Obama was in Japan, he infuriated Beijing by saying the U.S.-Japan Security Agreement applies to the disputed Senkaku, or Diaoyu Islands.

Based on the Monroe doctrine, South America is considered the backyard of the United States. In 1823, U.S. President James Monroe developed the doctrine to discourage European interference in Latin America. Latin American countries initially welcomed it.

[gordianot]

1. Monroe Doctrine be dammed the United States wants to keep Latin America out of the backyard.

Xenophobia trumps the Monroe Doctrine.

[InAbLuEsTaTe]

2. Marilyn must be rollin' ova in her grave.