Turns out China's state planned economy is putting the viability of US companies into question, but I was told free markets were the most efficient, somebody please help me understand!
Turns out China's state planned economy is putting the viability of US companies into question, but I was told free markets were the most efficient, somebody please help me understand!
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Copypasta of my dunking:
At the same time, cheaper Chinese exports will intensify complaints among western manufacturers about unfair competition.
Sucks to suck 🤷 Maybe try central planning, state banking, and state-controlled means of production, thus lowering the cost of manufacturing. Maybe don’t let the Finance, Insurance, and Real Estate (FIRE) sectors strip the copper out of the walls (PDF).
“China spent 20 years destroying emerging-market competitors in the manufacturing space, or at least squeezing them out of global markets. Now it’s threatening to do the same to advanced economies’ manufacturers,” added Robertson.
Nobody put a gun to Global North capitalists’ heads and made them offshore their manufacturing and de-industrialize their own countries.
“Artificially cheap Chinese products” is *chef’s kiss*
The best part about the whole thing is how US presumes it has the right to dictate to China on how to develop its economy.
I mean, they did the same with Japan and it got it their way.
The difference being that China isn't a vassal of the empire, but clearly they forgot that crucial detail.
Turns out the current US regime ate up its own lies.