Companies are paid anyway: if the country cannot make payments, it will have to agree to an IMF loan that is used to pay the American companies first, and then left holding the debt along with draconian austerity measures. So for these companies the more outlandish the promises, the better! The payment is "guaranteed" by the IMF deals. During a period from the 60s on this has been the biggest cash cow for American companies operating on developing countries.
Right, but that seems to suggest that it's getting countries to agree to take huge loans that's good for the companies, which is kind of independent of their eventual ability to pay the loans back. GGP was saying that countries paying back the loans was bad for the companies in question, when their relationship will have been over for years at that point.
Yes, in a normal world it is not bad for these companies if the country can pay their loans back. However, if you follow the logic, if a country is paying back the loans on time it just means that the first loan was not big enough! The advantage for a company to sell more than the buyer can pay is that for the foreseeable future (a decade more or less) it will make A LOT of money. This is all that CEOs really want. And under the logic of IMF, these loans will be paid in one way or another, so the company will not suffer any problem by selling more than the country really can pay.
