Bidenomics Is Making China Angry. That’s OK.
Bidenomics Is Making China Angry. That’s OK.
Trump talked tough, but Biden is wielding a big stick.
How does China have any ground to stand on at the WTO? If they haven’t banned an American company, they’ve certainly stolen its IP. The idea that it’s unfair that the US favors American companies with its EV subsidies is completely laughable. An American company cannot even operate in China without empowering a Chinese partner organization. Get the fuck out.
China is also heavily subsidizing their domestic ev cars
And yes, they’ve outright blocked many American- and other western companies. Including social media websites (that don’t comply with their censorship rules)
Exactly the same is true in reverse. Huawei is blocked, they are working hard on TikTok and DJI . zTE I think were also under investigation.
As for subsidies, most big US companies get hundreds and hundreds of millions of dollars in subsidies. Plus of course, the only reason there is still a White House on Pennsylvania Avenue is because the banks got a free trillion out of your pocket.
https://www.defense.gov/News/Releases/Release/Article/2706082/department-statement-on-dji-systems/
https://www.seattletimes.com/business/boeing-is-top-winner-of-state-local-tax-breaks/
I don’t mean this as ‘whataboutism’ - but we have to understand this is a multiplayer game.
Fully agreed. And we may have precedent in addition to the moral high ground somehow on this issue -- I was totally unaware that the WTO had ruled in favor of China that American steel and aluminum tariffs weren't allowed, and the US simply told them both to get fucked.
That's honestly a bigger story than this one.
you know we have a great President because our enemies are all whining like little bitches
As opposed to our allies.
I honestly don't know what the fuck Bidenomics even means at this point.
nothing tbh, they are just calling neoliberalism this because hes campaigning.
Bidenomics is a mixture of things, but key among them is the recognition that MMT is already reality and doubling down on it to fund productive industries. Basically, government debt is not the same as household debt and strategic yet liberal usage of government debt can be very positive for an economy. MMT economists have made some pretty significant 'discoveries' that you can now find in the CORE macroeconomics textbooks in universities all over the world.
Meanwhile Republicans are going on every news channel to declare that this administration's policies are guaranteed to make China the dominant world power.
The reality is, China is not really that concerned with what the US does beyond whether those actions benefit China. They'll complain publicly any time they aren't being treated "fairly" -- which in their doublespeak means favorably -- and then turn around and treat everyone else with explicit unfairness in a fairly public and obvious manner. Don't subscribe to their reaction videos.
The only question that matters is whether the policies are effectively delivering on their professed goals.
The IRA mostly such a brilliant piece of legislation that it is hard to even understand that it made it through the legislature nearly unscathed. Ignore the leftists so far up their own assholes that they'll pretend Joe Manchin taking a small shit in the corner means we should permanently condemn the whole pool. The chips bill is pretty reasonable, albeit quite protectionist. The bipartisan infrastructure bill has its priorities all over the place, but still manages a fair amount of impressive progress (though god help me the amount we are STILL spending on highway expansion is simply incomprehensible. We KNOW it doesn't work).
Whether or not China likes or hates these policies... no one should care who isn't Chinese. It's not our problem. They have an authoritarian government and can change their domestic rules to get on friendlier terms with the rest of the world any time they please, and if they aren't doing so that is their choice to make. They have a right to complain to the WTO. They know better than anyone that the WTO has no real power to change domestic policies, though.
REAL Presidents who are Tough on CHYNA get Fasttracked Money and Patents from them INSTEAD of Angering them!
Bravo, reads like genuine trump diarrhea.
This is the best summary I could come up with:
A persistent theme in Republican campaigning these past few years has been the effort to portray Democrats in general, and President Biden in particular, as being soft on China — in contrast to Donald Trump’s supposed toughness.
This looks ironic now, since Trump, who had favored a ban, suddenly reversed his position, reportedly around the same time that he had a sit-down with a billionaire who donates to Republican campaigns and has a large stake in the Chinese-controlled company.
Even before his TikTok flip-flop, however, the reality was that while Trump talked a xenophobic line that shaded into racism — for example, trying to relabel Covid-19 as the “Chinese virus” — and imposed showy but ineffective tariffs, he never had a coherent strategy for confronting our biggest rival.
China just filed a complaint with the World Trade Organization about the Inflation Reduction Act, which, despite its name, is at its core an attempt to fight climate change by subsidizing the transition to a low-emission economy.
And it has often engaged in blatantly discriminatory policy — for example, for several years, until 2019, non-Chinese companies were essentially prevented from supplying electric vehicle batteries to Chinese car manufacturers.
As I said, Biden’s China policy is so tough that it makes me, someone who generally favors a rules-based system, nervous, although unlike many economists — who, I’d argue, don’t fully grasp how the world has changed — I do believe it’s the right approach.
The original article contains 913 words, the summary contains 241 words. Saved 74%. I'm a bot and I'm open source!
is weilding a big stick the best meaphor you could come up with
hahahahha no they arent.
Trump bans China: Boooo
Biden bans China: Yaaaay
If money was put into production in Mexico instead of trying to squeeze every last cent out of it, China wouldn't have all of the worlds production right now.
After NYT reported falsified rape allegations, even crappy articles like this don't seem all that bad.
What. The fuck. Are you even talking about. It's telling that I have no idea which candidate you're even referring to. Please take your medicine...
I think they're talking about the Hamas rape allegations.
A big part of the art of bad faith-arguing is the taking one semi-related kernel of truth and inflating it like a balloon one step at a time until its massively outsized implied impact can eclipse the thing you want to disagree with, but which you can't or won't just deal with head-on.
In this case, this person maybe doesn't want to make the attempt to criticize this story directly, so instead they go with:
- Some of the allegations of rape in the NYT's reporting were probably wrong (true)
- Therefore they shouldn't have published the story (debatable -- literally, there was heated debate about it internally)
- And furthermore all the allegations and the main thrust of the story were wrong (untrue -- see the UN's report on sexual violence during the attack for example (content warning)).
- Therefore because a couple, but not all, of the accounts they published in that one story turned out to be suspect, the New York Times as a whole and every single thing it publishes is crappy
- Therefore this story is crappy and I don't even have to say why I think so; I can just say "rape allegations!" and call back to #1 and all the rest is implied.
I actually do think that the New York Times has a massive pro-Israel anti-Palestine bias and that that colored that particular story, them choosing to report it, and how. But it doesn't mean even that the story was falsified or that Hamas didn't rape anybody, let alone whatever else about the other 99.whatever% of the stories they publish.
- The Intercept, Feb. 28: “Between the Hammer and the Anvil” The Story Behind the New York Times October 7 Exposé
- Wikipedia: Screams Without Words