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-- -- a hot car company the right to build a new forty billion dollar -- Oceanic can now.
That could rise -- rival the Panama Canal ask.
And uninteresting in and of itself would bring Mary O'Grady and the editorial board member at the Wall Street Journal who joins us once again so it's good to have you.
Mary -- about a block it out there if you've got company I guess and in the story here and it's coming from essentially the Chinese should we be worried about excited about it somewhere in between.
Well let's stipulate first that is not a new idea I think actually dates back to back 1825.
-- to add Nicaragua was considered before the Panama Canal was -- There's a huge lake there so would this would be sort of combination of railroads and making use of the lake.
It's possible that it can be dealt but I think that job we need to take it with a little bit of skepticism.
Largely because we're talking about Nicaragua and in the country that doesn't have a rule of law.
You know is run by kind of a thug.
We on loan Danny Ortega from that -- -- -- that is.
And I think the Chinese are just kind of fishing around for big investment projects in Latin America they have been dumping a lot of money into the region they want to be influential there.
But we haven't had the feasibility study completed yet and I have a feeling that they might not be so enthusiastic when they look at what.
The potential for profits are.
Well there is an expansion of the Panama Canal -- it's being done is -- really -- -- they would -- another -- even be necessary.
Well I mean I suppose they think that what they can do is compete on price with the Panama Canal.
But as you point out I mean they've had just added a new set of -- to the Panama Canal.
And -- I I do think that the rule of life issue is is an issue in that region I mean in the Panama Canal is a place where you know people have contracts and they know what they're gonna -- and the that Nicaraguan can now we'll look more like something that out Vladimir Putin would run you know kind of and just run by time a military government -- Didn't Ortega is pretty much destroyed that democratic institutions there there's no free press there's no independent judiciary.
That brings in a lot of questions about how reliable.
It would be as an institution but that.
Bigger point did you brought up a few minutes ago about the influence of China.
They've pushed to be more influential in other parts of the world as well and answer African nations come to mind but what about the growing influence of the Chinese in this part of the world.
In -- in Latin America say for example and and and the region what do you make of it.
Well you know had most basic level I think they're just hungry for commodities and you know they they want energy out there may -- -- the oil from anybody.
Yeah they need food they need energy and they also.
Want to you know establish a footprint there because the US you know for a long time and sort of control -- over all of that.
-- -- -- if they have a lot of money.
Think yes and so they have to deploy it somewhere and got.
So they're looking for opportunities in the region but I don't think they necessarily have to go with something like that some in -- a lot of other.
Options that they you know -- -- the prime minister was just in -- in Mexico.
And I think you know and when it comes to an investment -- Mexico's going to be a lot more appealing -- and Nicaragua then.
Good to see America thank you so much we'll keep an -- she will keep an island and report back to thanks Mary are the latest read.
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