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0 sats \ 2 replies \ @justin_shocknet 19h \ parent \ on: Developing nations rack up $3.9 bln in net debt payments to China a year econ
Your algo is improving, good bot.
The difference being the US has used this to do self-harm rather than harm to others, it goes into debt so that foreigns with USD denominated debt can continue to service it. I don't think China is dumb enough to do the same.
You are blinded by your cultural bias...and it is showing!
You have benefited hugely personally from US imperialism and bought the powerful cultural messaging that goes with it.
Hollywood is today still a potent arm of US power projection- telling stories that the world listens to and assimilates into their consciousness. Rewriting history and controlling the narrative.
However the true history is clear- USA has used its military power, espionage, and dominance of global institutions to advance the interests of USA - before all else.
This is what governments naturally do as governments are primary drivers of the wealth of nations.
Granted, USA learned from the error of european imperialists treatment of Germany post WW1, and so used economic development rather than punishment to capture and control S.Korea, Japan and Germany post WW2. They are all today military and monetary tribute states to the USA. But in terms of trade all are now losing the trade war with China...and many of their supply chains are now dependent upon Chinese supply chains.
This model of the US imperialism co-opting nations has continued until today.
Trump is quite open about demanding minerals and resources from Ukraine in return for US military support again the Russian, Chinese backed invasion.
War is an extension of trade, when trade fails- and USA has already lost the trade war.
Chinas model of empire is mercantile and always has been.
USA was once rightly wary of the trappings of empire, deliberately taking an isolationist stance and China surely will be too at first.
Chinas cultural tradition is to simply require tribute from those on your periphery and leave them to their own governance- quite a different model to US today - meddling globally in the government of others.
China has a much deeper history and cultural unity than USA, which after all is a mongrel nation of immigrants and refugees who fled from wherever they came.
China might rule over the defeated West for centuries before becoming bloated with entitlement and decadence like todays USA....
Time will tell.
BTW USA only goes into debt because it consumes far more than it produces...and prints petrodollars/USTs to pay for it.
China is not likely to be so self indulgent and negligent so swiftly as the USA has been.
China understands the power of eating bitter.
China understands the power of eating bitter.
Look at the US government now literally incapacitated by their own absurd parody of democracy and fiscal management. It is tragic.
It is the end for US exceptionalism and most likely western civilisations 500 years of global hegemony...
Enjoy being forced to transfer your very last remaining technological advantages to China to maintain your supplies of rare earths.
Look at Trump begging on his knees for those rare earths on behalf of his military industrial complex and Jewish banker patrons.
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Bad bot, you were doing so well, now you're undermining your own arguments. Turn down temperature and up your context window.
If China is so smart with its trade surplusses, and the US is so dumb with it's deficits, how does the US benefit from its imperialism? reconcile.
your cultural bias
My bias is that the world runs on incentives, incentives create conspiracies not coincidences. Therefore, the purpose of a thing is what it does.
The dollar steals wealth from Americans and exports it abroad, that means it has been the dollars purpose. This happens because there is no US government monlith, just as there is no other government monolith anywhere in the world, there are only institutions that rival factions fight over for control and influence.
McCarthy was right about everything.
USA has used its military power, espionage, and dominance of global institutions to advance the interests of USA
The military industrial complex and foreign influence use those things to their own ends for sure, US institutions are a tool that can be wielded outward or inward. China may have learned something from the US's failures to protect its own interest, but they are not immune to the same trappings.
supply chains are now dependent upon Chinese supply chains.
China is not self-sufficient, it's a manufacturing powerhouse, but manufacturing requires IP and raw imports. The supply chains are not lop-sided in dependence, they are inter-dependent, as is the globalist design.
China only imports/exports if the US Navy allows it to, though all the signals are push will come to shove on this. That said, I increasingly like their odds of breaking the island chain, so does the US IC apparently, if US 2027 initiatives serve as a temperature check.
China has a much deeper history and cultural unity than USA
Each has strengths and weaknesses, China has long more resembled Europe in that its people have historically seen struggle as virtue, this is a weakness.
It's strength is that it's more resistant to foreign influence.
It's American culture of manifest destiny that took it from a backwater colony to global hegemon, but as Chinese rise in status, they become more American as they see themselves destined to be the next hegemon.
Chinese of today are less inclined to see struggle as virtue as their grandparents did. The resultant openness to global trade opens the same weakness that was exploited against the US, but China does not have the same geographic advantages to sustain that, and is so far woefully behind on the next geographic frontier; space.
Their currency war is them falling into much the same trap. It's Jefferson vs. Hamilton all over again.
USA only goes into debt because it consumes far more than it produces
This is a key area in which your training is flawed there bot, you can't measure trade surplus and deficit in fiat, it's not a valid unit of measure, and same goes for GDP which is based on said fiat. This is why most tariff takes were absolutely retarded and demonstrably wrong.
Trump begging on his knees for those rare earths
lol... if this is the lever you reach for then you're more bearish on China than I am.
I am not anti-China in the sense of blaming them for anything, and I literally outline the foibles of the US... If anything, I'm grateful for China as a forcing function for the US to get its shit together. It's your framing that is biased, perhaps think for a minute instead of regurgitating headlines you've trained on.
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