31–40 of 238 posts
So what? TFA keeps repeating that this is bad, but fails to explain why. Is countries actually having money a problem now?
Which country’s values do you prefer influencing the developing world: China’s, or the United States’?
Then it sounds like the problem isn't 'who has money', it sounds like we need to scrap the economic system. What do you propose we replace it with?
These currency reserves largely represent loans China issued abroad, which have been paid off (or are in the process of being served). Similar to Eurodollars in the past yielding outsized interest rates, increasing demand and thus dollar outflows, this shows a (perhaps?) unrecognized accumulation in China, which may very well either allow them to essentially print their own dollars or mean that they already have been…
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…
We've been narrated to over the years that they are our enemies, yes.
> They use (basically) slave labor, unethical materials (e.g. live plucking), environmentally damaging materials (e.g. banned CFCs), they happily pollute the earth as if tomorrow isn't a concern.
Why is this all of a sudden a problem when China does it, but not when our firms do this in their off-shore sweatshops and subsidiaries and mining and agricultural interests?
It sounds like all of these things aren't a problem, it's that we aren't profiting from them that's the problem.
Ethically, they are our enemies in the same scope that our multi-nationals are our enemies. They too are incompatible with human rights and democracy.
Earlier quoted context omitted.
> 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…
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Earlier quoted context omitted.
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…
> 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…
Earlier quoted context omitted.
Neither, and I fail to see the difference between them. Neither country would do such a thing with altruistic goals and both have proven they shouldn't be trusted. We have already seen how badly the US fucks up other place's economies and governments with their meddling.
You fail to see a difference between a country run by an autocratic cult of personality and a country run by a democracy? That’s troubling. The US commitment to human rights is flawed, but it’s nothing compared to the dystopia that is China. Values matter.
It is also not quite right to treat the Chinese government as a single minded monolith in determining their own policies. There is tons of internal factions and divisions within their own political system. Yeah sure certainly Xi has a lot of power, but only so long as he doesn't try to buck off the opinions and ideals over the rest of their political class, a political class who holds many of the same opinions and ideas as the US political class. The political sphere in China today is nothing near what it was 50 years ago.
Earlier quoted context omitted.
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…
> The narratives have aligned over the years as if they were our enemy. We've been narrated to over the years that they are our enemies, yes. > They use (basically) slave labor, unethical materials (e.g. live plucking), environmentally damaging materials (e.g. banned CFCs), they happily pollute the earth as if tomorrow isn't a concern. Why is this all of a sudden a problem when China does it, but not when our firms d…
It's certainly a problem! But the only thing we can really do about it is pass laws.
Earlier quoted context omitted.
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…
> The narratives have aligned over the years as if they were our enemy. We've been narrated to over the years that they are our enemies, yes. > They use (basically) slave labor, unethical materials (e.g. live plucking), environmentally damaging materials (e.g. banned CFCs), they happily pollute the earth as if tomorrow isn't a concern. Why is this all of a sudden a problem when China does it, but not when our firms d…
Earlier quoted context omitted.
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…
> 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…