An evil authoritarian regime that is committing human rights abuses and does not follow democratic norms ..... but we'll do billions of dollars worth of trade with them and base a lot of our industries around trading with them. But they're still evil.
Are you talking about China or the US?
yes
Yeah that tracks, same with Saudi Arabia and Israel.
Being aware of America's abuses of power is good. Being contrarian and acting like everything they've ever said about China is a lie is bad.
Love how the exact same thing is now being said about the US lmao (the collapse part at least), I LOVE the media machine
“Imminent collapse” is a fairly common theme among modern economies
a common theme song among capitalist economies
This was a couple of years ago but I think the numbers are still the same: sending a shipping container from Hong Kong to Newark cost about $3000 while sending the same container in the opposite direction cost about $500. This is because we badly want the shit China makes while they don't want anything we make (the same situation that led Great Britain to force China to accept opium at gunpoint almost two hundred years ago). Sending a container to China is so cheap that for a stretch we were actually filling them with our garbage because it was less expensive to dispose of it there.
Anyone who think this represents economic weakness on China's part is batshit crazy.
This is because we badly want the shit China makes while they don’t want anything we make
That's not entirely true. China produces a lot of low-margin industrial goods that Americans then assemble into finished products. Americans produce an assortment of agricultural and mineral goods that are in high demand in China (oilseeds and grains, particularly soybeans, followed by mineral fuels and oil). We also produce a number of high-margin technology components (include aircraft and parts, electrical machinery and TV parts, and nuclear reactor parts and mechanical appliances) that are expensive but comparatively smaller by volume than the products China sends our way.
Think of it this way. If China sends us a pound of feathers and we send them a pound of iron, even if they're the same price one of them is going to fill up a shipping container a lot faster than the other. The end result is a net positive number of shipping containers coming into the US.
Anyone who think this represents economic weakness on China’s part is batshit crazy.
It's a generally symbiotic relationship and one that any neoliberal economist would laud. We've stratified our industrial economies such that we're highly specialized in respective fields. It isn't weakness on either side's part any more than the heart is stronger/weaker than the lungs because one beats faster than the other breaths.
Containers as cheap home starting points in US is also a function of this dynamic. No need to ship empty ones back to Asia.
China will be the best country in the world the same day fusion reactors will be available. Always in ten years. No matter when you read this.
Depends on how you define "best," I suppose. I'd say we are already there.
These two aren’t necessarily mutually exclusive.
What is mutually exclusive, though, is reality and China's "imminent collapse" which has been looming just around the corner for the past 20 years
Pundits have been predicting the economic collapse of the PRC for decades, there's an entire sub-industry dedicated to "China Watching" that makes good revenue from predicting xyz economic collapse, and it exists because the West wants the PRC to open up its markets for foreigners to plunder freely, rather than the current situation where trade in China is heavily controlled and managed.
How can I cash in on predicting China will totally implode next year trust me bro
USAID gone, money printer in short supply... 😔
This administration has been disastrous for the hard working propagandist
So sad 😔
It is economy
China is following the playbook of Japan, South Korea, Taiwan and similar countries. The all used window guidance to quickly grow targeted industries, which actually worked very well. All of them are wealthy countries today. However that dependence on how good the window guidance is. They take on a lot of debt to invest and it only works as long as the investment is actually smart. If not the debt increases and that causes massive problems down the line. So it creates a bubble and when it pops it hurts badly. After decades of growth those bubbles probably are nasty.
