As trade war escalates, economists bet on China resilience
As trade war escalates, economists bet on China resilience
Kinda hard to argue against a country that consistently focuses on increasing the development of their productive forces. Tarrifs in the US are a way to protect dying industries from competition with more productive and efficient countries. The only way out for the US is re-industrialization, either through strong federal expansions a la FDR with some type of mega Green New Deal, or replacing the system with Socialism (at which point relations with China would likely cool down).
Social Democracy, however, would only delay the inevitable.
you forgot the third option: military and/or financial intervention, forcing other countries to stop trading with china or face consequences like regime change; political instability; economic destruction; etc.
the mindset of american "patriots" since the cold war when it came to a nuclear holocaust was that if 4 russians are still alive after the nuclear missile stopped falling and there were 5 americans left alive, then we've won; that mindset is still alive, well and in charge right now.
In order to further safeguard itself, Xu expects China to provide financial subsidies and tax breaks to the tariff-hit agriculture and manufacturing sectors.
Really hope this doesn't happen. There is no need for the Chinese to maintain such an extreme trade imbalance anymore. They shouldn't be wasting their resources to make exploitation by the imperialists (chronic net drain of resources from China to imperial core) easier.
My thoughts on the same quote FTA:
As I understand it, I agree with your concern that China probably shouldn't gain anymore strength in trade than they possess already, because they'll eventually pull the same garbage the U.S. does today, almost certainly. However, the poetic justice of defeating tariffs through public investment is a little bit of a consolation prize, as least ideologically.
I'm not firm in my stance so if you disagree or think I'm missing something, please feel free to discuss with earnest :)
I think the real poetic justice would be for china to defeat the imperialists's strategy of distorting world markets to their benefit by resisting such distortions. Let the imperialists ruin the foundations of their own power. The capitalists will subvert market forces while socialists master them.
If a casino puts up a sign saying they're working on rigging every game in favor of the mobsters and pimps who know the owner and hired a guy to throw shit at the ceiling, I wouldn't be going there either.
China: I will do nothing and the world will fall to its knees before me.
They're doing quite a bit- just not much dick waving nonsense.
I meant on a geopolitics level. China really doesn't play the geopolitics games. They pretty much just do what they think is right for the nation (right or wrong) and tells everyone else to take care of their own shit. Today, this plan of doing nothing looks to be very successful.
*Edit: Obviously internally they're doing a shit ton of stuff for their nation and their people. But externally, not so much.
The whole reason why they are winning is precisely because they are not trying to get other countries to bow before them.
Or really paying attention to other nations as well. In fairness, they literally said that's what they plan to do. Which lead people to say China only cares about China. Which is true. The question becomes why SHOULD China care about the internal politics of other nations?