101–110 of 238 posts
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> America did it to itself. Corporations outsourced manufacturing to China, because American corporations are independent from the US government and profit-motivated.
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If GE decides it wants to build widgets in another country, GE does.
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Well they didn’t go to war with another country, but the great leap forward massacred millions of chinese citizens.
If we’re going to go into history and massacring your own people, then America isn’t entirely the example you want to emulate. Remember the whole Native American massacre thing that America has convniently forgotten about.
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I agree. The US (and other western countries) have let themselves fall victim to all sorts of corrupt ideologies; this has created short term 'limited liability' reward structures which have encouraged a short term mindset. Instead of focusing on fixing internal issues, the US decided to run their economy on the misery of others by starting wars in faraway lands, manipulating foreign governments, saddling them with d…
> The smartest thing the west can do from now on is dump fiat currencies, switch to crypto Seriously? WTF?
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> and overall been quite friendly an empire Just a few million in civilian casualties here and there. Because remember, Saddam has WMDs. When was the last time China went to war with another country on a false pretense and massacred millions?
Well they didn’t go to war with another country, but the great leap forward massacred millions of chinese citizens.
This seems to be what's happening today. China has moved on and is now on track to become the world's first economy (at least by size) and the US is still the war mongerer it always was.
and...? The article doesn't say how it's a big deal (or not). Looking at the list oof countries' forex reserves, tiny Switzerland has almost a trillion. Generally this is a sign that they export more than they import so are stuck with a bunch of foreign exchange. Of course they have to buy stuff with it: oil, other commodities, or, you know, foreign debt. China's 3T would be 10% of the US federal debt, or much smalle…
Source? Wikipedia puts it at $250bn. The US has liquidated most of its reserves in recent years.
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> They manipulate their currency. They interfere with foreign owned businesses. They steal IP. They're seeking to upset the global money standard. They entrap other nations with predatory loans for infrastructure. They trade with our other enemies and flaunt sanctions, etc, etc. Aside from the money standard and zero COVID bits, every part of this is true of the US. This conflict just boils down to “the hegemon doesn…
Can you provide the examples for US part in pervasive IP stealing, predatory infrastructure loans, trading with sanctioned countries? Not single issues (every country will have some examples here and there), but actually using those as long term strategies?
He was the most spectacular but hardly an isolated case. https://hbswk.hbs.edu/archive/trade-secrets-intellectual-pir...
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I mean it's the gigantic elephant in the room. The reported narratives have aligned over the years as if they were our enemy. Here are some: Economically, they're an adversary; they undercut western manufacturing and all our manufacturing went there. They manipulate their currency. They interfere with foreign owned businesses. They steal IP. They're seeking to upset the global money standard. They entrap other nation…
> trying to annexe land and sea that definitively isn't theirs (Tibet, "South China" Sea) The matter of Tibet is complex, and I think "definitively" is handwaving away a lot of Tibetan history.
The problem is that China does not want to become the US, they want to become colonial great Britain or France. The goal is classic mercantilism-all raw material have to go through them to become a product. It's barely disgused Manchester allover. The US by comparison has been quite dedicated to free trade. They abandoned there own production base, imported more culture then they exported and overall been quite frien…
> overall been quite friendly an empire. Yes they friendly helped install military dictatorships in Latin American countries. They friendly invaded Iraq under false pretenses. They friendly waged wars and used economic sanctions against countries that for on reason or another didn't conform to their dominant position. Don't misunderstand me. The US has the power to oppress, and is an opressor. It is business as usual…
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> These currency reserves largely represent loans China issued abroad, which have been paid off (or are in the process of being served). I think you missed a crisis in Africa. Those loans can hardly be paid off, the interest rates are too high and the borrowed loans Kuch for infrastructure projects aren't leading to any improvements / revenue. If so, show me which have a net benefit for the country where loans are us…
You’re saying that building roads and bridges is not beneficial to countries which deeply lack roads and bridges?
Not arguing against China, nor infrastructure projects, but B&R initiative is very China-centric, with a lot caveats that are often overlooked by short-sighted politicians.