10 sats \ 5 replies \ @Solomonsatoshi 3h \ parent \ on: Do People Actually Believe the Election Result will Result in Positive Change based
So how has China won the trade war?
Elon is hitching his wagon to Trump because Trump will circle the wagons and impose tariffs upon Chinese EVs.
So much for US capitalism and free markets.
China has beaten the west at its own game- capitalism.
The Chinese government still directs capital flows toward productive enterprise and infrastructure, like the US and west once did.
In the US/west- capital now directs governments.
That's crony capitalism. It's not competitive.
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China has already won the trade war in terms of mobilising its labour and resources to absolutely dominate the manufacture of most products and as a result also having huge influence over the global commodity markets.
All other nations are now hugely reliant upon China for both supply of manufactured goods/supply chains and the sale of their commodity exports.
The same can no longer be said for USA. It only still dominates via its legacy capture and control of international institutions and protocols. IMF, World Bank, SWIFT etc.
China is building its alternative tertiary level competitors to those legacy US instruments of empire...and China influence is expanding while the US is in retreat.
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What you state here is true but we are going to stop buying crap. What you are not seeing is that many Americans are making our own things. We are minimizing what we want. We don't need Swift or Brics. We've got Bitcoin.
Also the AI scam is just a way to prevent Bitcoin hash from increasing. The chips that weren't available for cars went to Bitcoin mining and now it's a play to get the chips back into Fiat.
We don't need cheap Chinese bullshit. If anything the Chinese products are getting too expensive!
Our clothes come from Vietnam, India, Thailand, Mexico. Most luxury brands are Chinese.
Anyway... Nice discussion. I wish you well.
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Most American and for that matter globally, households, businesses and supply chains are chokka with Chinese manufactured goods. They can be produced by others sometimes but seldom at the same low cost. Disengagement from the Chinese economy would have severe inflationary and supply chain consequences for most economies- this is how China has beaten the west at its own game- China has won the trade war.
It's a done deal.
Clothes have moved away from China to those around its growing orbit of power.
Chinas manufacturing has naturally progressed up the chain toward higher value added products like cars, planes and robotics...and to secondary and tertiary level services and infrastructure like banking, insurance, logistics, communications and space technology.
This is natural the progression of a mercantile empire on the rise.
In contrast to the receding US one that is now clinging to the remnants of its former dominance.