This would be a comment on this post at Bloggings by Boz, but goddammit there’s no way to comment over there! What up with that, Boz?
Anyway, Boz writes: “For the Chinese investors behind this canal, one of the biggest fears may be the final line of Tim Johnson's article yesterday: ‘Said Liberal congressman Pedro Joaquin Chamorro, “The canal concession will be overturned by future democratic governments.”’”
Would it will be so easy. For as we pointed out here, Nicaragua has signed away its sovereign immunity in the concession agreements. I doubt that the more extreme renunciation will stand in foreign courts ... but the Chinese won’t even need that to hold future Nicaragua over a barrel.
I suppose that the United States probably could arrange things to help the Nicaraguans escape the deal. Maybe. Perhaps. Uh huh.
Meanwhile, y’all can listen to me bloviate about why I don’t think the Nicaragua Canal will happen on the BBC World Service.