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Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @06:43PM (#35461483)
In a way this is good news. The more China overplays its hand in this undeclared economic war the more likely that Western countries will realize that they are making the exact same mistake with China that they have made with Russia. You can't play nice with dictatorships in the hope that your long term economic interests will be aligned to the point that the other party will be forced to continue to play nice. China has been playing the long game successfully so far, these kind of mistakes are good indicators of what's really going on underneath all that.

Just for a moment consider what it would mean if China arbitrarily stopped exporting consumer electronics or any other category of product and what the effect on the West would be. We really should pull back some of that manufacturing and deal with the resulting pollution closer to where the goods are consumed. And while we're at it we may be able to improve the quality a bit as well.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by klodolph on Wednesday April 05, 2023 @06:53PM (#35461582)
I am less convinced that China is really good at playing the long game, and more convinced that China is subject to many of the same political struggles that we see in the US. It’s just so easy to tap into our fears of China that we want to believe that they’re this smart and ruthless. We look for evidence to validate our feelings.

There are deposits of these rare earth minerals elsewhere. There are always more deposits, it’s just that they’re untapped until we deplete our cheaper sources. If China withholds its minerals, we will use more expensive sources, but we will still get the minerals.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @06:58PM (#35461637)
You don't need to be afraid of China to realize that outsourcing a very large fraction of all manufacturing for half the world to a single non-democratic country doesn't serve our interests in the long run.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by klodolph on Wednesday April 05, 2023 @07:09PM (#35461753)
True, but we do have to let go of our fear of China if we want to have any hope of figuring out what our own actions should be.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by koolba on Wednesday April 05, 2023 @08:14PM (#35462364)
Fear of China may be the only thing capable of pulling us out of the mess that we’ve reached.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rednerrus on Wednesday April 05, 2023 @07:05PM (#35461704)
It lead to the longest era of peace and prosperity in the history of the world.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pimlottc on Wednesday April 05, 2023 @07:07PM (#35461735)
I think it's safer to say it /concurred with/ the longest era of peace and prosperity in the history of the world.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by uejfiweun on Wednesday April 05, 2023 @07:43PM (#35462088)
Yes. The long peace in my view was more so caused by the invention of nuclear weapons which drastically lowered the incentive for war, forward-thinking decision makers who constructed a reasonably stable alliance between great powers, and mass communications technologies allowing for greater control and integration of populations.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rurp on Wednesday April 05, 2023 @10:58PM (#35463569)
This sums it up nicely. Many wars have been fought that might have been avoided with better communication.

Nuclear weapons created an era with highly concentrated destruction. Major wars are much less frequent, but the next world war will be cataclysmic. Up until the next world war one should expect unprecedented peace and prosperity. Hopefully we can avoid undoing all of those gains and more in the blink of an eye.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rednerrus on Thursday April 06, 2023 @03:00PM (#35472839)
Creating economic prosperity and economic incentives not to fight was what led to peace and prosperity. This is absolutely causal.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by nsvd on Wednesday April 05, 2023 @07:08PM (#35461745)
Or, maybe, it'll lead to the end of it.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by humanistbot on Wednesday April 05, 2023 @08:11PM (#35462340)
> non-democratic country

Just because a country is a democracy does not mean it will be a reliable trading partner. Democracies can easily swing from free market to protectionist trade policies -- and back. Outsourcing a very large fraction of all manufacturing for half the world to any single country is an incredibly risky idea.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @08:15PM (#35462385)
A non democratic country has fewer checks and balances on these things than the ones that do. But you are right, that's not a guarantee at all. Just a matter of degree.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Thursday April 06, 2023 @12:07AM (#35464010)
By that definition, the US would be a non-democratic country. Thanks to the IEEPA [1] the US President can (and regularly does) arbitrarily sanction whoever he sees fit - without the approval of congress. All he needs to do is declare an emergency which, again, does not require congress. And this power is regularly used. We're currently under at least 42 different national "emergencies", of which 34 are to impose sanctions. [2]

[1] - https://en.wikipedia.org/wiki/International_Emergency_Econom...

[2] - https://en.wikipedia.org/wiki/List_of_national_emergencies_i...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Thursday April 06, 2023 @01:07AM (#35464364)
In the US both tariffs and sanctions can be (and are) unilaterally imposed by the president.

Sanctions are crystal clear thanks to the IEEPA [1]. The president needs only declare an emergency, which is typically done in the exact same executive order imposing the sanctions. We're currently under at least 42 different national "emergencies", of which 34 are to impose sanctions. [2] The legal basis for tariffs is less clear, but in effect no different. Trump's tariffs [3] were all passed unilaterally, appealing to all sorts of acts that grant the president conditional tariff powers, but where the condition is framed in a broad enough way to include nearly any rationale.

[1] - https://en.wikipedia.org/wiki/International_Emergency_Econom...

[2] - https://en.wikipedia.org/wiki/List_of_national_emergencies_i...

[3] - https://en.wikipedia.org/wiki/Trump_tariffs

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kelnos on Thursday April 06, 2023 @07:21AM (#35466866)
But also consider that an act of Congress could modify IEEPA or repeal a specific tariff or sanction that the US president enacts. Perhaps that's a rare event, but those checks and balances are in place.

In China, Xi can decide to impose tariffs or sanctions, and there's nothing anyone can do about it.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Thursday April 06, 2023 @10:54AM (#35469136)
I think this issue is what really cuts to the matter. China, on paper, has a similar system in place. Their system is based on tiered elections. You elect a local representative (who has significant power), who then elects (alongside other elected representatives) their representative. And this continues on up to the top where you have the ~3000 members of the National People's Congress who ultimately elect the president. The... NPC.

The NPC has immense power. They can override anything Xi Jinping does, and even have the power to completely recall him, or amend the constitution. But of course this won't happen. They have a one-party system with relatively minimal internal conflict. So even though the NPC is genuinely powerful and has every check and balance imaginable, they will not be using them.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by sinoue on Wednesday April 05, 2023 @08:17PM (#35462395)
Democracies aren’t beholden to the ego of an authoritarian. Free trade for free countries, and a tyrant tax for authoritarian regimes should be the norm if we want human centered capitalism. https://freedomhouse.org/explore-the-map?type=fiw&year=2023
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by imwillofficial on Wednesday April 05, 2023 @09:04PM (#35462736)
"Not beholden", like say, unilaterally waging war on another country without congressional approval?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwawayx134ax on Thursday April 06, 2023 @02:09PM (#35472115)
Unfortunately congress did vote. https://en.wikipedia.org/wiki/Authorization_for_Use_of_Milit...

They didn't declare war, which is unfortunate but congress did approve.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by imwillofficial on Friday April 07, 2023 @12:50PM (#35483847)
This came after the fact, which is not supposed to be how it works.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pfannkuchen on Wednesday April 05, 2023 @10:25PM (#35463356)
Free Trade for Free Countries is a decent slogan! I’ve long been disappointed that this isn’t the mainstream position. Anything else feels very hypocritical (for the US).
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwawaymaths on Thursday April 06, 2023 @01:50AM (#35464639)
Eh, economic engagement with unfree countries got us south korea, Taiwan, probably more in eastern Europe: Albania comes to mind. Afaict disengagement only worked with south Africa.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SkyMarshal on Thursday April 06, 2023 @02:43AM (#35465011)
There’s roughly three levels free vs unfree:

1. Democratic countries that mostly abide by international law and the rules-based order.

2. Non-democratic countries that also mostly abide by international law and the rules-based order, because they benefit from it more than not doing so.

3. Non-democratic countries that reject international law and the rules-based order.

The US trades with #1 and #2, and was hoping to make China into #2. But unfortunately it doesn’t look like that’s going to happen, China is in the grey area between #2 and #3 and probably trending toward #3.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwawaymaths on Thursday April 06, 2023 @09:47AM (#35468253)
Beautifully said.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Friday April 07, 2023 @01:33AM (#35478395)
2 works for small countries, if countries are large enough they can afford themselves to be a 3, which otherwise is reserved for failed states and outright dictatorships.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pfannkuchen on Thursday April 06, 2023 @01:20PM (#35471492)
My goal wouldn’t be to get them to change. We just shouldn’t get involved.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Wednesday April 05, 2023 @11:30PM (#35463808)
Democracies are beholden to the stupidity of the masses (see trump). They are also beholden to dead lock as multiple interests wage war on some policy and nothing gets done.

Democracy is also much more beholden to corporate interests as much of the US government has already been infiltrated by big business.

I think the US has grown up. We are well past the time of worshiping the idealism of democracy and we are now actually seeing the raw truth. That democracy is simply one side of a coin. It is just one side of debate between monolith and micro services.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by borissk on Thursday April 06, 2023 @02:40AM (#35464983)
Obviously you haven't lived in a dictatorship. Spend a few years in Russia or China or Turkey or Iran and then come back with your hypothesis about the raw truth.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Thursday April 06, 2023 @03:13AM (#35465246)
I lived in both the US as a citizen and china as well.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by borissk on Thursday April 06, 2023 @03:15AM (#35465276)
Some people are naturally born slaves and do prefer living in a society where their lives are completely controlled by a strong arm dictator...
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwA29B on Thursday April 06, 2023 @09:03AM (#35467807)
Hello, Hitler, how is the weather in Hell?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Thursday April 06, 2023 @11:40AM (#35469907)
No, some people know what they are talking about. You, unfortunately, don't because you haven't lived in China.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by foverzar on Thursday April 06, 2023 @01:02PM (#35471245)
Have you? Honestly, pompous "democracies" aren't fundamentally different to the rest of the world, when you start actually experiencing the day to day living.

There are lots of "dictatorships" where living is better then in lots of other "democracies", but this is not something you'll figure out from your internet feed, you really have to actually travel.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Thursday April 06, 2023 @07:27PM (#35475943)
Exactly. The answer is not so clear cut black and white. Centralized governments tend to be more efficient but lack the checks and balances of a democracy. Singapore, for example, is a good showcase for centralized government.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by peterfirefly on Thursday April 06, 2023 @10:15AM (#35468577)
Get over your Trump Derangement Syndrome, please.

There are other, more recent and more fitting examples you could choose if you want to use a specific politician.

You could also have used research that shows that people in general support or reject policies based on what party they think came up with them and not based on the (sometimes quite obvious ahead of time) consequences of those policies.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Thursday April 06, 2023 @11:51AM (#35470130)
Except this isn't true. Trump was voted into power by the lower middle class simply for having rhetoric that was different from the status quo. He was "real" and his style largely resonated with an america who was tired of politicians acting fake and tired of digging through all the complexity of the economy and politics to figure out what was wrong with the country that caused them to work two jobs just to support themselves.

Trump instead lowered taxes for the rich. He was one of the rich, and he served himself. It was his rhetoric and dramatic conversational style that essentially caused people to unknowingly vote against their self interest.

I apologize for using the word "stupid" here. People and voters aren't stupid. Trump, however, was indeed an example of people not using the best strategy in the name of their self interest.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by zirgs on Thursday April 06, 2023 @03:16PM (#35473061)
The USA also got rid of Trump peacefully. The Belarussians tried to get rid of Lukashenko and failed. And now their territory is being used to commit war crimes against Ukrainian civilians.

In democracies voters can fix their mistakes without risking their life and freedom.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Thursday April 06, 2023 @08:04PM (#35476285)
Yes agreed. That's a huge benefit. But it also comes with a downside. The fix for the mistake can immediately by unfixed in a subsequent election.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by petre on Thursday April 06, 2023 @01:30AM (#35464507)
What good is free trade is China's navy gets to countrol shipping routes? That's one card they are playing. The other one is controlling Russia in exchange for Taiwan.

They understood that building cheap and in great numbers is the key to success. They did this with the J-7 and now the J-10.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by heavyset_go on Wednesday April 05, 2023 @08:14PM (#35462370)
It serves the interests of those who run this country, they've made themselves very rich via this strategy.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by xwdv on Wednesday April 05, 2023 @09:01PM (#35462718)
Unfortunately the US consumer simply cannot afford to pay more for products no produced in non-democratic nations with impossibly cheap labor. They are already being pushed to the brink.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by basilgohar on Wednesday April 05, 2023 @09:17PM (#35462837)
As long as many companies continue to make year-on-year record profits, I reject that prices are a product solely of non-Democratic countries' impossibly cheap labor.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rurp on Wednesday April 05, 2023 @11:03PM (#35463609)
In addition to that, a large portion of necessary spending is unaffected by outsourcing. A person can their spending on clothes or electronics quite low if needed; but housing, food, and energy costs are largely driven by domestic circumstances.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by xwdv on Thursday April 06, 2023 @05:19AM (#35466094)
Yes but overwhelmingly it’s the unnecessary spending that brings joy to people’s lives.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by mjevans on Wednesday April 05, 2023 @10:08PM (#35463228)
Centralization promotes efficiency, until a problem happens.

I can't seem to find anything in news headlines, probably because the event I remember hearing about likely happened before Google's founding (I think it was the 1990s or 1980s?); but at a point in time the plastic used for either all or a lot of ICs was manufactured in one single facility. That plant happened to catch fire and it was a major supply issue. Even if that event was really a hypothetical recounted by a professor years later just to educate the class, it does serve as a good example.

Markets are more stable with more than one single manufacturing site, more than one supplier. Economics will still push towards as much consolidation as possible, so for the good of countries and consumers, regulators must press on the scales and ensure _competition_ remains. Ideally every big country can at least pivot manufacturing centers to be entirely self sufficient if they need. Maybe superpowers have multiple facilities even for small items. Maybe groups of countries (E.G. the EU, NATO, etc) pool their resources and distribute manufacturing accordingly.

Shipping also isn't free and externalities like pollution should not be allowed; they should be part of the cost to ensure that smart decisions about production happen.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by philipkglass on Thursday April 06, 2023 @02:09AM (#35464762)
You're probably thinking of the 1993 explosion at Sumitomo Chemical Company's plant that made epoxy resin for semiconductors:

"Semiconductor Industry Faces Problems After Resin Plant Explosion"

https://apnews.com/article/8fe2925b68d34d33f19a53e4892c74a2

It caused a significant spike in DRAM prices:

https://www.chicagotribune.com/news/ct-xpm-1993-08-06-930806...

Today's low personal computer prices, particularly those on machines made by smaller companies, are likely soon to shoot up more than $100 per machine because of a panic in the world memory-chip market.

Prices already have doubled for computer owners who want to expand the capacity of their machines to handle memory-hungry new programs based on Macintosh System 7 or on Microsoft Windows or the OS/2 operating system for IBM compatibles, industry officials said.

https://www.chicagotribune.com/news/ct-xpm-1993-08-06-930806...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by mjevans on Thursday April 06, 2023 @05:02AM (#35465977)
That's close enough that it's probably the event. It might have been slightly oversimplified or 2 decades of neuron decay since I heard about it Nth hand yielding the same effect.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by concordDance on Thursday April 06, 2023 @03:36AM (#35465421)
> regulators must press on the scales and ensure _competition_ remains

An expectation of surge pricing may also work here. Figuring out some standard contract wording that quickly pushes the price spike all the way down the supply chain to the consumer and publishing it might help.

> Shipping also isn't free and externalities like pollution should not be allowed

Hard to regulate that without a world government.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by teh_klev on Wednesday April 05, 2023 @10:52PM (#35463519)
> outsourcing a very large fraction of all manufacturing for half the world to a single non-democratic country doesn't serve our interests in the long run

You do realise that a sizeable chunk of the world's oil and gas are sourced from "non-democratic" countries in the Middle East, yet somehow we leave them alone to openly torture, abuse and murder their citizens? And on top of that they're left alone to operate a cartel (OPEC) that holds the world to ransom when they decide one day to cut production and push up prices. Feels like there's a whole load of double standards on display here.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by WillPostForFood on Wednesday April 05, 2023 @11:02PM (#35463598)
yet somehow we leave them alone to openly torture, abuse and murder their citizens

Huh, like maybe "a sizeable chunk of the world's oil and gas are sourced from "non-democratic" countries in the Middle East" is the problem, and the reason those countries get a pass? So like we shouldn't be outsourcing manufacturing, we shouldn't be outsourcing energy production to terrible countries.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Wednesday April 05, 2023 @11:20PM (#35463729)
If by we you mean the US then we don’t. The US has effectively zero direct dependence on middle eastern oil due to domestic production and transportation costs. Canada is much closer and has a lot of oil.

Where it matters is they can impact the global prices and thus what people pay at the pump. Though the actual profits from such spikes in American gas prices end up going to suppliers in America or Canada.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by teh_klev on Wednesday April 05, 2023 @11:51PM (#35463910)
> The US has effectively zero direct dependence on middle eastern oil due to domestic production and transportation costs

For now and whilst those extraction costs are cheaper domestically. The US needs the Saudis as a backstop and for infill of the types of crude oils the North American continent doesn't have access to or is in limited supply.

They're also a handy client state to do the US's dirty work in the Middle East, see Yemen for example. The US also needs the Saudi's and their non-democratic allies to keep buying weapon systems to prop up Lockheed, Boeing et al. You need to look at the bigger picture.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by tw1984 on Thursday April 06, 2023 @12:06AM (#35464004)
> You need to look at the bigger picture.

The big picture is that the US needs middle east countries to price their oil in USD. Everything else is just a bonus.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by vkou on Thursday April 06, 2023 @02:08AM (#35464753)
The world's USD-settled oil trade is a tiny fraction of overall USD-settled trade.

The petrodollar is an interesting theory, but it doesn't really hold up to very much scrutiny.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Thursday April 06, 2023 @07:21AM (#35466869)
Imagine you created a new currency in the US: FidoBucks. Not even a crypto but a regular currency you can print at your whim. Obviously nobody's really going to want your currency and it will have zero value. But now imagine, after some backdoor deals, you make it such that FidoBucks are literally the only currency accepted at gas stations. And not only that both those gas stations agree to spend any extra profits they make buying in FidoBuck denominated treasuries. Now not only are people going to want your currency, but they will literally need it.

And since FidoBucks are now directly tied to access of a critical commodity, it will have also have a guaranteed minimum "value" that's tied to the cost of oil. So people can feel pretty comfortable holding and trading Fidobucks. In fact the new stability of your currency means you'd likely see people starting to trade it for far more than oil, to the point that gas becomes just a fraction of its trade.

This is essentially what the petrodollar did, but it of course started from a far higher point than zero of course. Once we ended the fixed convertibility of the USD to gold in 1971 [1], demand in the dollar started rapidly declining, and its relative value began decreasing. After the petrodollar this all reversed, hard. It's to assign a specific value to any of these changes, because it's all dynamic - just like in our simplified FidoBucks example so much would depend on the dynamic scarcity of gas, how many FidoBucks you print, the total value of outside trade, and a million other variables. What is safe to say is that it dramatically strengthened the position of the currency, and is a large reason that until extremely recently, if China and Russia were trading - they'd settle that trade in USD. Now they're trying to create the next FidoBuck backed by a combination of land, gold, and other finite resources.

[1] - https://wtfhappenedin1971.com/

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @08:12AM (#35467263)
Total worldwide production of oil is only ~90 million barrels/day and middle eastern production is a fraction of that. That’s not very significant compared to the total value of all USD in circulation. All FidoBucks in circulation might only be worth ~50 Billion in your example and depending on the velocity of money could actually be significantly less. People might start using it for other things, but it’s just as likely to be an odd quark of the oil market.

What actually props up the USD is the US taxes being paid in USD. Even transactions like selling burgers for Bitcoins suddenly force someone to not only get dollars to pay their taxes on that sale but set it aside for significant periods. This is the basic mechanism which forces all fiat money to have value, which then causes it to be used for loans and whatnot which further increases value.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Thursday April 06, 2023 @10:16AM (#35468590)
First, the vast majority of all oil is traded in USD, not just the Mideast. As one example of the impact, take Canada. Their exchange rate against the USD is driven almost entirely by crude oil prices (of which they are a large exporter). The reason for this is that when oil prices are high they end up with a large supply of USD. And so the price of the Canadian dollar increases because, compared to the dollar, it's now in relatively lower supply. You can see how extreme this correlation is here. [1]

Beyond that, this is all about international issues. Those gas stations are oil producing countries, and the people buying from them are countries. Being the person who can "print" the world reserve currency gives you immense geopolitical power, and an inability to economically fail regardless of how hard you try. When foreign currencies are no longer so closely tied to the USD, and demand for the USD declines, its international value will likely start to sharply decline, exactly as it did in 1971. But this time I don't really see anything we'll be able to cling onto.

[1] - https://www.dailyfx.com/usd-cad/link-between-canadian-dollar...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @10:30AM (#35468755)
Even if you assuming 100% of all oil is traded in USD that’s still only ~8 billion dollars a day.

As to US Canada currency that relationship would be mathematically identical if oil was traded in Canadian dollars rather than USD with the exact same changes to each currency as oil’s value spiked. It’s a result of the balance of trade not the specific commodity being exchanged let alone the currency the transaction was valued in.

Oil happens to have high price volatility and significant value, but wood or maple syrup has similar effects though on a smaller individual scale.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Thursday April 06, 2023 @11:47AM (#35470049)
The average gross trade of just raw oil products is somewhere in the $1 trillion ballpark, total trade overall several times that. It doesn't really matter much either way, as it's the "value" of oil that matters, not the price. When you are able to lock a door that everybody wants in, your key is priceless. The value of oil doesn't spike, its price does - primarily due to OPEC manipulation or yet another US Mideast invasion.

You're absolutely right that balance of trade plays a part in this, but not in the assumption that the currency is irrelevant. If countries were paying Canada in CAD instead of USD, then Canada's reserves of CAD would be constantly increasing while the rest of the world's would be decreasing. The CAD would become extremely strong, extremely quickly. The realistic scenario is that countries would simply stop buying oil from Canada because of this, but if they couldn't (for instance if Canada somehow convinced oil seller's to sell only in CAD...) then the result would be a never-ending and effectively uncapped appreciation of the CAD, subject only to the discretion of Canada itself.

This is literally exactly what happened with the ruble. Russia used to sell their oil in the USD. After we did our sanctions stuff trying to tank their economy, they started selling oil only in the ruble. And the value of their currency not only immediately reversed all of the sanctions inflected weakening, but rapidly became even stronger than before they invaded. It led them to the bizarre scenario of having to actually have to try to weaken their currency, while facing 'nuclear' sanctions, to make sure they didn't (as above) price themselves out of the oil market, by having too strong a currency.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @12:07PM (#35470390)
Annual numbers are irrelevant due to the concept of velocity of money.

You can use the same physical 20$ dollar bill to buy a soda several times over a year. You hand it to the 7-11 on Monday, they take it to the bank on Tuesday, the bank puts it into their ATM on Wednesday, you get out of the ATM on Thursday, and then take it back to that same 7-11 on Friday.

Digital currency can cycle the same way just faster. Mexico Joe trades peso’s for OilBucks from Dubai Bank at 9:00AM, use them to buy oil from someone in Bolivia at 9:01. At 9:02 Frank in France trades Euros to Bolivia Co at 9:02 to get those same Oil Bucks for a trade at 9:03 with someone in Saudi Arabia…

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @04:30PM (#35473968)
PS: The nonsense included in the second half ignores the feedback loops from the balance of trade.

Anytime your pet economic theory results in some asset spiraling to infinite value it’s inevitably wrong. There’s always a point where people say no and do something else because they simply can’t spend infinite money on anything. Instead there’s always some factor not included in your model that moderates the impact you simply aren’t including it.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by somenameforme on Friday April 07, 2023 @12:29AM (#35478045)
No, it doesn't. I'll stop being subtle to make this more clear. When I spoke of the issue being up to "Canada's discretion" what I mean is that Canada, in our hypothetical scenario, obviously cannot let their currency appreciate endlessly. They would take actions to prevent that, because it's obviously self defeating otherwise. This is precisely what has happened in the US. The artificial power the petrodollar granted our currency gave us not only the power but the necessity to start doing things like endlessly printing money, sending much of it abroad, spending trillions of dollars on pointless wars, and more.

Until recent times, keeping inflation up was difficult in spite of all of this - which is why we've had 0 interest rates desperately trying to devalue the currency. The big inflection point was 1971. That was the end of the USD being 'hard backed' (fixed exchange rate) by gold. The 'soft backing' (unfixed exchange rate) of oil would begin in 1974, organized by no less than Kissinger. You can see many of the measures we took here [1]. A critical table [2] that site is missing is the trade deficit.

Ultimately the test for all of this will come imminently. BRICS has been developing a new backed (presumably 'hard backed') currency, set to be announced as early as August of this year. And IMO, BRICS as a whole is making their move at this exact moment precisely because the USD is in a situation where this will have maximum impact. Something to keep your eyes on if you're at all genuinely interested in these things!

[1] - https://wtfhappenedin1971.com/

[2] - https://www.macrotrends.net/countries/USA/united-states/trad...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Thursday April 06, 2023 @01:18AM (#35464433)
The USA needs the Saudis to supply Europe and Asia, otherwise demand goes up and pumps up prices in the states. But as we and our allies move to EVs, we really won’t need as much oil anymore, so the end of the dependence is near.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by BurningFrog on Thursday April 06, 2023 @01:24AM (#35464479)
US has no real interests in Yemen.

That's a local Saudi/Iranian conflict.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by WillPostForFood on Thursday April 06, 2023 @12:16AM (#35464062)
We get ~12% of our oil from the middle east which is consequential but not what I meant.

You'll note that after Biden called Saudi Arabia a Pariah state, he was forced to reverse course and head over, hat in hand, and beg for more production. Not because of the 12% (or 10% or 8%), we directly consume, but because of the impact on inflation and the world economy.

So yes, we are beholden to middle east oil, not because we directly consume it, but because of the impact on energy prices and inflation. If we were maximizing our own energy production, not just for domestic consumption but for export, we could lessen that impact and the influence they have.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @12:18PM (#35470571)
It’s 2.6% not 12%.

https://www.eia.gov/energyexplained/oil-and-petroleum-produc...

“About 9% of U.S. total petroleum imports and 9% of U.S. crude oil imports were from Persian Gulf countries in 2021.” However the US produces 20 Billion barrels of oil vs 8 Billion barrels of imports. So that 9% is really 2.6% of the US’s total oil supply.

Further that 8 Billion barrels of imports almost exactly equals our 8 Billion barrels of exports. There are many reasons to imports and export oil over the course of a year for example seasonal demand varies.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Retric on Thursday April 06, 2023 @10:40PM (#35477366)
“About 8% of U.S. total petroleum imports and 9% of U.S. crude oil imports were from Persian Gulf countries in 2021.”

Accidentally mangled the quote while cutting and pasting.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kalleboo on Wednesday April 05, 2023 @11:47PM (#35463895)
Yeah we should quit doing that too, I don't think anyone but the political elite are in favor of being dependent on middle eastern countries
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by senttoschool on Thursday April 06, 2023 @03:19AM (#35465298)
Will you complain when inflation is 500% by quitting Middle East oil and China's manufacturing?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kalleboo on Thursday April 06, 2023 @06:37AM (#35466563)
Why would slowly increasing renewables and EVs while diversifying and automating manufacturing cause 500% inflation?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by peterfirefly on Thursday April 06, 2023 @10:19AM (#35468632)
Fracking and nuclear are here-and-now options. Wind/solar/batteries are long-term options... especially with lots of HVDC.

We are causing a lot of trouble by shoveling money at bad countries run by bad people -- the Ukraine war wouldn't have happened if large (and important) parts of Europe 1) hadn't bought so much Russian gas and 2) made itself so dependent on the ability to keep buying it. This provided Putin with 1) the ability to wage war and 2) the feeling, bordering on certainty, that it was safe to do so.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by efitz on Thursday April 06, 2023 @01:29AM (#35464504)
If only there were a country in North America that had vast oil reserves, larger than Saudi Arabia’s, just there for the taking if politics and lawfare got out of the way…
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rnk on Thursday April 06, 2023 @02:10AM (#35464764)
Do you mean the us or canada? The oil tar sands in Canada are supposed to be expensive to convert to usable petroleum, also use a lot of water, and are supposed to be worse for co2 production. The us has lots of oil, we can get it out if we need it, more frakking, etc. Mexico is happy to sell us all their oil.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by efitz on Thursday April 06, 2023 @10:53AM (#35469123)
I was talking about the US.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by OscarTheGrinch on Thursday April 06, 2023 @02:43AM (#35465001)
Classic whataboutism.

There are many such issues worthy of attention, perhaps they are indeed being opined about... on other threads?

The human mind functions better when focusing on a single problem at any given moment.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by joecool1029 on Wednesday April 05, 2023 @07:09PM (#35461749)
>and more convinced that China is subject to many of the same political struggles

Who's going to vote their government out or jam things up with filibuster? For better or worse their government just 'does'. You cannot seriously compare a system like this to US/UK democracy paralyzation during things like COVID.

I do not think their system is better or worse, it's just not subject to any kind of politics internally that would get in the way of whatever the hell their national intentions of the now are.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by worrycue on Wednesday April 05, 2023 @07:30PM (#35461966)
> Who's going to vote their government out or jam things up with filibuster?

Losing an election in the US just means you are out of a job - and lose all its perks.

Losing power in an authoritarian government could mean you are arrested for “corruption” and sentenced to death.

The paranoia (and occasional country sabotaging acts) of CCP critters are justified as it’s a no holds barred fight for power and survival.

https://archive.is/d9OsU

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Wednesday April 05, 2023 @07:35PM (#35462011)
Look what happened to Hu Jintao at the last party congress. However, China is pretty mellow about this: presidents/party leaders are allowed to retire gracefully since Deng Xiaoping set that precedent. I don't see even Xi or his successor breaking that contract.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rippercushions on Wednesday April 05, 2023 @10:02PM (#35463188)
If you make it to the very top, perhaps, but plenty of people at the pinnacle of power have been jailed. Here's the guy who lost the power struggle to Xi:

https://en.wikipedia.org/wiki/Bo_Xilai

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Wednesday April 05, 2023 @10:17PM (#35463292)
Bo Xilai had it coming to him by having that British guy murdered. Even though they pinned in on his wife, he had to have known. That wasn't so much of a lost power struggle as it was "you crossed a line even high officials cannot cross."

But if you give them enough rope and fall out of favor, ya, you will be made an example of. It is difficult to make it very high without creating lots of rope, however.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by patrick451 on Wednesday April 05, 2023 @10:27PM (#35463374)
> Losing power in an authoritarian government could mean you are arrested for “corruption” and sentenced to death.

The US is nearly there.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rurp on Wednesday April 05, 2023 @11:09PM (#35463652)
I would love to hear which US politicians you think narrowly evaded a death sentence simply from losing an election.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by patrick451 on Saturday April 08, 2023 @01:02AM (#35490697)
We just had one indicted for "corruption". Half of the predicate is true, hence "nearly there".
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by klodolph on Wednesday April 05, 2023 @07:13PM (#35461789)
> I do not think their system is better or worse, it's just not subject to any kind of politics internally that would get in the way of whatever the hell their national intentions of the now are.

If you are arguing that the Communist Party of China is not subject to internal politics, I don’t think that argument will withstand much scrutiny. Think about how much internal politics there are within the Democratic party or the Republican party of the US. Having a one-party state does not inoculate a country from internal politics.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by uejfiweun on Wednesday April 05, 2023 @07:46PM (#35462109)
I think the distinction the parent is trying to make is that China's system is not subject to checks and balances (aka 'politics') that intentionally slow down the operations of government. Of course, any human organization will deal with organizational politics such as backstabbing and ladder-climbers. But in terms of national politics to decide policy, it's really just under full control of Xi.

There are pros and cons to each approach. The US system is certainly slower and more infuriating but is also less prone to shooting itself in the foot. China's system works well when it works, but it more easily produces giant missteps like the Great Leap Forward or zero covid.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pm90 on Wednesday April 05, 2023 @07:59PM (#35462213)
Agreed. Everyone wants a bogeyman. It’s great for Nationalism and Politicians who can blame someone else.

Strong economic ties are the only way to align interests and prevent destructive wars.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @08:12PM (#35462350)
That worked so well for Russia and the West.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by adgjlsfhk1 on Wednesday April 05, 2023 @11:43PM (#35463871)
it kind of did. Europe saved roughly 1% gdp for 30 years at the cost of 1 invasion that will almost certainly cost less that 30% of a year's gdp to repel.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by foverzar on Thursday April 06, 2023 @12:19PM (#35470595)
It took almost two decades of continued effort of toe-stepping and pinching various pain points to get where we are now, so quite well enough actually.

Even now all parties are restrained and make deals: Ukraine still pumps Russian gas to Europe, receiving payments from Russia.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by 2OEH8eoCRo0 on Wednesday April 05, 2023 @08:01PM (#35462239)
What checks and balances are there in the Chinese government?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fspeech on Wednesday April 05, 2023 @08:45PM (#35462611)
"In the draft, manufacturing technologies for high-performance magnets using such rare earth elements as neodymium and samarium cobalt were added to the export ban."

It didn't mention restriction on export of mineral or magnets themselves. Pretty sure US would restrict similar technology export to China.

BTW I don't think China ever exported such manufacturing technology. Formalization is likely due to the desire to show some ability to retaliate against western SME export ban.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Animats on Wednesday April 05, 2023 @08:57PM (#35462686)
> I am less convinced that China is really good at playing the long game, and more convinced that China is subject to many of the same political struggles that we see in the US.

It's more the classic leader-for-life problem. China's problem right now is Xi Jinping. He's been in power too long. He changed the rules to give himself a third term, as Putin did. He's centralized power around himself. He's created a cult of personality around himself. His decisions are much worse than they used to be. A decade ago he was seen as doing a good job. Not any more.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by badrabbit on Wednesday April 05, 2023 @11:25PM (#35463773)
Whether china is good at the long game is the wrong question. They are obviously playing that game, they have even planned out the whole thing in "the 100 year marathon". The right question is if any of their democratic competitors are even in the game at all given their regular planned regime changes (elections) and multiple competing political parties. Even if china sucks at it, they win by default if there is no one else playing the game.

If China holds the minerals and the west finds another way then China would have to sell it Cheaper to non-western emerging nations like india and brazil even cheaper, improving their relations in the long term with those nations.

You can be an incompetent fool and lead a western nation so long as you can smoothtalk. But cleverness and competency are not optional if you want t o politically wrestle your way to be the leader of the CCP and almost half the planet's population.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by matthewdgreen on Thursday April 06, 2023 @08:07AM (#35467222)
I think it’s very important to point out here that historically speaking, no autocracy has ever outperformed the democratic West on any economic or military measure over the long term. There have been periods where it seemed like managed economies were on the rise (see even the USSR during the 1950s and 60s) but this growth tailed off due to, in many cases, serious unforced errors that the autocratic political system couldn’t address. There are a lot of possible explanations for this, but the obvious one is that democracies can course-correct. We get plenty of bad leaders as well, but in the long term we replace them. Autocratic nations can have great leadership sometimes, but they can also get stuck with Mao for decades. All evidence seems to indicate that China is reverting away from a period of dynamic leadership and moving back to a period where party officials are chosen based on loyalty to one aging man, rather than their competence. Speaks to bad things ahead for China, maybe for all of us too.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by badrabbit on Thursday April 06, 2023 @10:43AM (#35468955)
I don't disagree but 20th century didn't have the internet like it is today that helps centrally managed countries be more efficient. Also, China has had the same type of government since late 1940s and unlike russia and many other autocracies it has not just survived but is doing well economically. It is also incorrect to say China is an autocracy because as powerful as Xi is, if China's economy does not fare well then he still has to answer to the communist party congress. It's not like in north korea where they have fake elections or junta regimes with no elections. His party has no plans to replace him anytime soon but only because he is performing well enough. The CCP idolizes Xi but they are not beyond replacing him if he is unable to perform his duties. My point being, it may take longer but they can course correct.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Wednesday April 05, 2023 @11:25PM (#35463774)
>There are deposits of these rare earth minerals elsewhere. There are always more deposits, it’s just that they’re untapped until we deplete our cheaper sources. If China withholds its minerals, we will use more expensive sources, but we will still get the minerals.

Same thing if you with-hold semiconductors. Somebody for sure is willing to sell general purpose chips to China second hand at a more expensive price.

>I am less convinced that China is really good at playing the long game, and more convinced that China is subject to many of the same political struggles that we see in the US.

Unlikely. China is subject to different struggles but they are much better at playing a long game given that their power is more centralized and has longer terms. Xi Jing ping is likely here to stay. Bidens term is almost up and the next guy may just undo everything he did.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by weq on Wednesday April 05, 2023 @11:47PM (#35463897)
> Somebody for sure is willing to sell general purpose chips to China second hand at a more expensive price.

The US is stopping people from selling high tech chips to China. Have you not heard of this policy?

I tenat to agree that Xi Jing Ping is distracted with retaining power like all the other democractic polticians are. Instead of left vs rights, its ultra left-ist faction against faction, corruption and profiteering in the CCP is rife. Every day enough figure gets sent to death it would seem after falling out of favour.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Thursday April 06, 2023 @01:24AM (#35464475)
Xi Jinping. The extra g caught me off guard.

China is a fairly conservative country, so calling them ultra leftist also feels wrong, since any actual leftists would get kicked out of government very quickly. It’s more like the reformer wing (was headed by ex-premiere Li Keqiang) and the more traditionalist wing that Xi represents.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by borissk on Thursday April 06, 2023 @02:43AM (#35465006)
From the point of view of a dictator like Xi Jinping it's the people who support him vs every one else.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Herval_freire on Thursday April 06, 2023 @03:15AM (#35465271)
Hence the term 2nd hand. China won't be able to get chips directly. They have to go through secondary sources.

Similar to how the US illegally obtained titanium from Russia for development of the sr71.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rodgerd on Wednesday April 05, 2023 @11:57PM (#35463944)
> I am less convinced that China is really good at playing the long game

The main difference is that China is good at ensuring that the state is not run for the benefit of a handful of companies and investors.

Which is not an endorsement of many of the other things the CCP inflicts on Chinese citizens.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by birdyrooster on Thursday April 06, 2023 @12:48AM (#35464239)
The only reason it's so cheap is that they have the economies of scale from dominating the market by any means necessary. Take away their customers and all of a sudden their relative cost will go up.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by varispeed on Wednesday April 05, 2023 @07:23PM (#35461891)
Most people don't want to try and make things, so they are unaware how incredibly f we are.

Like I have little project and needed an enclosure made to order. Nothing fancy. Tried three rather known Western vendors and none could manufacture it to an acceptable standard. It was also very expensive and customer service seemed annoyed that I even want to order anything. I lost a lot of money on this, simply because I didn't want to support China.

Unfortunately had to hold my nose and go with Chinese. It's a night and day difference. Customer service was helpful and guided me through everything - and the quality. Damn. All dimensions exactly on point, no gaps, no off angles, no chipped paint, just perfect. The price was very similar to what I paid to more expensive Western company, but the value for money - no comparison.

It's even worse with PCBs. There is one company in Europe that I could recommend, but they are rather expensive and I wouldn't use it for larger quantity - the cost of the end product would mean you wouldn't be able to compete.

So it's China again. Amazing customer service, advanced options, short lead times.

We are so f.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @07:43PM (#35462079)
Indeed. But thank you for trying!
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by cpursley on Wednesday April 05, 2023 @07:53PM (#35462164)
Agree! I just ordered a custom made guitar ("NK headless guitars" on aliexpress for those who are interested). While's there's a bit of a language barrier, there's no way I could get close to the level of customer support and quality for the price ($500). You can't even start a conversation with a US/EU company for less than $2000k USD for a custom guitar build. This Chinese company started off cloning a well known brand (Strandburg) but eventually came up with their own very unique design. And not only that, they can customize things unlike the big brand.

I just don't get the anti-China hate. Is it racism?

https://www.aliexpress.com/store/1101096166?spm=a2g0o.detail...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kemiller on Wednesday April 05, 2023 @08:14PM (#35462373)
Not anti-China, anti-CCP. China has an amazing culture with deep history and they have shown themselves to be astounding competent. But autocratic systems are self-defeating. When leadership is sound, it seems like a great idea. But because power is absolute it just takes one wrong turn to wreck everything, which is what is happening now. Under Hu, Chinas ascendancy seemed inevitable. Not anymore.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Thursday April 06, 2023 @01:29AM (#35464501)
Hu Jintao was a pretty weak leader who satisfied neither traditionalists nor reformers. He opened up China for the Olympics than snapped it shut. Say what you want about Xi, but he is seen as a strong leader at least.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @08:14PM (#35462366)
> I just don't get the anti-China hate. Is it racism?

It is 100% possible to see China as a long term economic (and possibly military but I doubt that) threat, abhor their human rights violations, love Chinese people and despise the CCP all in one go.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by augment001 on Wednesday April 05, 2023 @10:24PM (#35463355)
So true. Even the CCP wasn’t so clearly problematic until Xi.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by htag on Thursday April 06, 2023 @01:00AM (#35464317)
The CCP has been clearly problematic since Mao.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by augment001 on Thursday April 06, 2023 @01:38AM (#35464558)
It seemed to be getting better between Deng Xiaoping and Hu Jintao. Obviously not great, but it took a much darker turn with Xi.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by type0 on Wednesday April 05, 2023 @08:15PM (#35462384)
> I just don't get the anti-China hate. Is it racism?

There are plenty of reasons for anti-China sentiments, some don't like to deal with China because of animal rights abuses, others because of mistreatments of the Uyghurs, what the CCP did to Hong Kong etc. I would rather buy the same item when it says Made in Vietnam/India/Thailand over the one that's made in China, and that's not because of bad craftsmanship or racism.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by cpursley on Wednesday April 05, 2023 @08:28PM (#35462483)
Isn't Vietnam openly (C|c)ommunist and Thailand authoritarian?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @03:06AM (#35465169)
I never see people hating on Switzerland even thought it's effectively legal to eats cats and dogs in some places (and horses for my us readers) and its beeing done. One meal even named 'meow meow'

Yet I never hear people cancel Switzerland for animal right abuse

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fbdab103 on Wednesday April 05, 2023 @09:01PM (#35462712)
Well, Strandburg probably has some thoughts on why they dislike China.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by cpursley on Wednesday April 05, 2023 @09:06PM (#35462745)
This builder creates their own unique design. And Strandburg used to open source their designs: https://www.reddit.com/r/opensource/comments/3lb8pm/strandbe...
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fbdab103 on Wednesday April 05, 2023 @09:14PM (#35462814)
That reddit link reaches out to a page [0] that puts the license as CC BY-NC-SA 3.0, meaning non-commercial. Looking at the updated strandberg site[1] and some Ali clones, they look identical[2]. Maybe there are tweaks to the design, but it sure looks like the IP has been lifted entirely.

[0] https://guitarworks.thestrandbergs.com/

[1] https://strandbergguitars.com/

[2] https://www.aliexpress.com/w/wholesale-headless-guitar.html

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by cpursley on Thursday April 06, 2023 @06:39AM (#35466574)
The only similarity is that they are headless. The NKs are a pretty different body carve now.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by porknubbins on Wednesday April 05, 2023 @09:25PM (#35462889)
Doing business with Chinese counterparties you have to worry they will renege on contracts if the market goes too far against them and you will have no recourse. Sometimes you get great value like your custom guitar, sometimes you get screwed. It pays to be a little cynical when doing business with Chinese companies has such a variance.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by chii on Wednesday April 05, 2023 @08:10PM (#35462328)
How do these non-chinese companies survive if their production is so bad, customer service so poor, and price is so high? Who are their current customers that are paying for their services?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by troyvit on Wednesday April 05, 2023 @09:25PM (#35462895)
US government contracts? (I'm joking ... I think)
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by varispeed on Thursday April 06, 2023 @05:03AM (#35465991)
I guess government, military, scientific organisations are the customers, where they want to keep their IP within the country.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by serf on Wednesday April 05, 2023 @08:16PM (#35462391)
>So it's China again. Amazing customer service, advanced options, short lead times.

This falls apart quickly when you come up with a product that would profit others through mimicry.

Those local manufacturers suddenly become a lot less expensive when you're cruising through Alibaba and you see the product you designed for sale in multiple colors at 2/3rds the cost you could have ever hoped to sell them for, through multiple vendors.

tl;dr : I could tell my story, I could tell my dad's story from 30 years prior, but here's the moral instead : taking IP overseas -- especially should that IP require special tooling that gets shipped around -- is crummy for a lot of reasons that may or may not come back to bite you.

Local manufacturing does have advantages, even if they may not apply to your specific needs.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @08:18PM (#35462408)
> Those local manufacturers suddenly become a lot less expensive when you're cruising through Alibaba and you see the product you designed for sale in multiple colors at 2/3rds the cost you could have ever hoped to sell them for, through multiple vendors.

No need to look far, two comments removed from yours is this one:

https://news.ycombinator.com/item?id=35462164

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by varispeed on Thursday April 06, 2023 @08:13AM (#35467269)
There are trade offs of course. But from mechanical point of view, my project is simple enough that I am sure someone determined could just recreate it in CAD in a couple of days anyway and send to manufacturer of their own.

I think if product can be copied easily, then it will be copied. It's just a fact of life.

What can't be (easily) copied is the firmware. Someone determined could still do clean room implementation anyway.

The more complex and innovative your project is, the more time you can sell it for premium until someone copies it.

On one hand this is good, because it forces people to innovate on the other hand it makes projects less profitable in the long run.

That being said if you have your marketing and price right, your target audience is unlikely going to choose a cheap copy and those who do probably wouldn't be your customers anyway.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by 8note on Wednesday April 05, 2023 @08:21PM (#35462423)
The west has come to the same realization with the US as well, though it's been a slow burn.

It's not the dictatorship that makes china a problem needing the trade wars, it's power, and countries with power operate outside of the rules based systems. Countries who don't submit to the rules based order shouldn't benefit from it

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Barrin92 on Wednesday April 05, 2023 @08:48PM (#35462621)
the reality distortion is pretty astonishing. This is clearly retaliation for the American policy of containment. The US for several years has now openly made it its goal to try to strangle Chinese technological development, most importantly in the chips sector. It's actually surprising how little response up until now came out of China.

In the world overall nobody actually perceives this as China overplaying its hand, but as a consequence of the US weaponizing trade, and the result all over the world economy will be a shift away from the US with the exception of its core military allies. The shift is already obvious in the Middle East and Africa. France(!) just settled an LNG trade with China in Yuan for the first time[1].

The American behavior is bad for everyone. The US will lose its pretty comfortable position in global trade due to the prominence of the dollar, everyone else is simply hurt by the economic fallout of trade wars.

[1]https://www.nasdaq.com/articles/china-completes-first-yuan-s...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by HyperSane on Wednesday April 05, 2023 @08:59PM (#35462703)
People have been predicting that the US dollar will stop being the dominant global currency for a VERY long time.

What are your thoughts on China's treatment of the Uighurs?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Barrin92 on Wednesday April 05, 2023 @09:25PM (#35462898)
Morally I think the treatment of the Uighurs is pretty awful, geopolitically it's irrelevant. Made obvious by the indifference to it even in the Islamic world. And if you think American behavior is determined by the plight of the Uighurs rather than anxiety over losing its hegeomnic position, I have a bridge to sell you.

And yes people have prematurely talked about the end of the dollar mostly for ideological reasons, but now the situation is very different. If you had told me a few years ago that over the course of weeks France will settle gas trades in the UAE in Yuan while Iran and Saudi Arabia restore relations brokered by China with Washington sidelined I would have looked at you funny. This time the world has changed. It's not gonna happen tomorrow or next year, but if the US continues to weaponize its economy to enforce its own politics on other countries, it's a matter of when and not if.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by HyperSane on Wednesday April 05, 2023 @09:53PM (#35463122)
Are you aware of just how strong the US dollar is right now?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @03:11AM (#35465215)
It depends on how you look at it. But I am getting less and less CHF for the dollars I am earning and this is going on since Trump.

From my POV dollar is losing value nearly the same rate as the euro.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by HyperSane on Thursday April 06, 2023 @07:41PM (#35476069)
What can realistically replace the dollar as the global reserve currency?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by inconceivable on Thursday April 06, 2023 @03:37AM (#35465433)
LOL.

the strength of the dollar is exactly why people want to move away from it.

financing domestic purchases with a foreign currency is expensive.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rnk on Thursday April 06, 2023 @02:20AM (#35464843)
The Muslim world is famous for their own huge human rights abuses, both to different sects of Muslims, but also don't forget the recent treatment of guest workers who were building the world cup facilities.

Some Americans are worried about their strength in the world, some are concerned about the Uighurs.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by RedCondor on Thursday April 06, 2023 @03:06AM (#35465171)
"Uyghur Genocide" is as fake as Saddam's WMDs and Gaddafi's "viagra gangs."

https://redsails.org/the-xinjiang-atrocity-propaganda-blitz/

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by DiogenesKynikos on Thursday April 06, 2023 @06:16AM (#35466436)
That people constantly raise, "What about the Uyghurs?" in conversations about the US and China constantly amazes me. After 20 years of constant war in the Middle East, including the illegal invasion of Iraq (consequence: several hundred thousand deaths), the overthrow of the Libyan government (consequence: a decade of civil war and a complete collapse of living standards), and the two-decade-long occupation of Afghanistan (right across the border from Xinjiang), you'd think Americans would be a bit more self-critical and aware.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by botanical on Thursday April 06, 2023 @10:46AM (#35469018)
That invasion was "war"; which I am and was against. The Chinese government is repressing their own citizens. So why downplay the subjugation and genocide of the Uyghurs? (And I'm not American)
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by DiogenesKynikos on Thursday April 06, 2023 @04:39PM (#35474063)
The "Uyghur genocide" has a death toll of zero, even according to the people calling it a "genocide." Words like "genocide" shouldn't be thrown around in bad faith.

I don't know what's more incredible: that anyone actually bought the "genocide" allegations, or how quickly the media has forgotten about it and moved on to the next hot-button China issue, Taiwan.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by HyperSane on Thursday April 06, 2023 @07:41PM (#35476080)
Modern definition of genocide include intentional destruction of culture, which is exactly what the Chinese are doing.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by DiogenesKynikos on Friday April 07, 2023 @04:38AM (#35479570)
If you take a word that originally meant the mass murder of an entire ethnic group, and then use it to refer to destruction of culture, you're just trying to confuse people. The whole point of calling it the "Uyghur genocide" is to fool people into thinking that China is carrying out mass murder - which is isn't. The retreat to, "I'm talking about cultural genocide" is a bait-and-switch, used once the original accusation of "genocide" is challenged.

Even the accusations of "destruction of culture" are incredibly fuzzy. I think most people who believe in the "genocide" accusation would be very surprised to learn that the Uyghur language is still extensively taught in schools in Xinjiang, and is, in fact, still the primary language of education for most Uyghur children. They might also be surprised to learn that some of China's most popular celebrities are Uyghurs, and that Uyghur culture is actually pretty popular in China.

The "genocide" accusation is simply made in bad faith. One could actually talk about real political repression in Xinjiang, but that would be much less shocking and sensationalist than making up false accusations of "genocide."

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by HyperSane on Friday April 07, 2023 @12:48PM (#35483826)
OK, lets use the phrase "severe opression" instead of genocide.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by DiogenesKynikos on Friday April 07, 2023 @02:15PM (#35484909)
There's a massive difference between those two phrases.

On the one hand, you have political repression of the sort that is common throughout the world, including in democracies like India (see Kashmir). On the other hand, you have the mass murder of millions of people. Somewhere in between, you have the sorts of bloody wars the US has engaged in throughout the Middle East, in which hundreds of thousands of people die.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @09:58PM (#35463161)
I don't see the words 'US' or 'America' in that article.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by lakomen on Wednesday April 05, 2023 @10:19PM (#35463303)
If China is a dictatorship, what's the US? Gangster Oligarchy?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by barrysteve on Wednesday April 05, 2023 @10:35PM (#35463417)
Elected, nepotistic, robber-baron-pimps in an old money boys club..

.. i'm hoping people get these references. Risky.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by zapdrive on Wednesday April 05, 2023 @10:28PM (#35463382)
With the unprecedented indictment and arrest of an ex-president on trumped up and statutorily expired charges, how far is the US from a dictatorship? We already know about the rampant mass censorship, thanks to Twitter files expose, militarisation of police and accumulation of all wealth by a few corporates. The only thing left for a clear path towards dictatorship was persecution of political opponents.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rnk on Thursday April 06, 2023 @02:18AM (#35464827)
I haven't heard any republicans upset about the indictment claim that Trump would never do such a thing as bribe someone to keep quiet and then file deliberately misleading tax reports, and lie on his taxes. Everyone, even his supporters thinks he does things like that. So mull that over. They are just mad it was brought to a court of law.

I do wish the more serious charges had been filed first. The reason it was unprecedented was because previous presidents hadn't committed crimes like that, en mass, at scale, and then on top of all the other things organized a rebellion against the next president's election.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by DuckFeathers on Thursday April 06, 2023 @02:57AM (#35465095)
People support whatever they see as the lesser evil.

Everyone knows other politicians are slimy agents of large corporations and Trump is getting in legal trouble BECAUSE he stands a chance in the upcoming elections.

It is clear to everyone that Trump was blackmailed and he seems to have done something illegal to try to keep his affair out of public eye, where it belongs.

As much as you want to pretend how much you care about the rule of law, these things don't exist in a vacuum and most people are smart enough to see what's up.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by zapdrive on Thursday April 06, 2023 @06:47PM (#35475566)
> and then on top of all the other things organized a rebellion against the next president's election.

That is not what Trump was indicted for. It's like saying my neighbour should be fined for throwing trash in his yard because he killed his wife. Both things are totally unrelated.

> The reason it was unprecedented was because previous presidents hadn't committed crimes like that

Almost every presidential campaign (including Hillary Clinton's) has done campaign funds misuse. But again, Trump is not being indicted for giving money to Daniels from campain funds (which is totally legal, believe it or not!), he is being indicted for mislabeling it as legal fees.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by dragonwriter on Thursday April 06, 2023 @06:50PM (#35475601)
> But again, Trump is not being indicted for giving money to Daniels from campain funds (which is totally legal, believe it or not!)

Well, it would be legal if properly reported in campaign expenditure diaclosures, but... that kind of defeats the purpose of hush money payments to accurately and publicly disclose the amount, recipient, and purpose.

So, to make hush money from campaign funds work, you have to break the law, too.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by tiedieconderoga on Wednesday April 05, 2023 @11:17PM (#35463715)
More like a Plutocratic Republic.

Oligopoly is more of an economic term than a political one.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by ramblenode on Wednesday April 05, 2023 @10:21PM (#35463330)
> You can't play nice with dictatorships in the hope that your long term economic interests will be aligned to the point that the other party will be forced to continue to play nice.

This is a false equivalence of democracy = partner. The US has been happy to trade with friendly dictatorships (e.g. Saudi Arabia) and has itself threatened, overthrown, or interefered in democratic and popular governments (e.g. Chile) that didn't align with its interests.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Wednesday April 05, 2023 @10:26PM (#35463367)
Indeed, and it shouldn't.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jeswin on Wednesday April 05, 2023 @11:00PM (#35463583)
Saudis will never be an military threat to the democratic order the way China can be. That's a key difference.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by anigbrowl on Thursday April 06, 2023 @02:25AM (#35464876)
Kinetically, no. Strategically they can and do mess with America's blood pressure by twiddling the valve on their oil output. China fields a lot of conventional military force though I have my doubts about their desire or ability to project it farther than Taiwan.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by ramblenode on Thursday April 06, 2023 @03:11PM (#35472993)
What is "the democratic order"?

Since the end of WWII, the US has overthrown at least four democratic governments (more than China) and funded numerous authoritarian governments that were/are US-aligned. To much of the world outside the north Atlantic states the "democratic order" is viewed a lot more cynically. Especially ask someone from Latin America what they think of this.

Saudi Arabia was the key force that reverted the democratization of Bahrain and in general is a block for democratization in the Arabian Peninsula. That you don't think they are a threat to democracy belies what your "democratic order" really is: US hegemony.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by ChatGTP on Wednesday April 05, 2023 @11:55PM (#35463934)
People on HN mostly just like pretend America is perfect though, never invaded a country, dealt with criminals etc. Only terrible people in Russia and China are capable of this.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by ChatGTP on Wednesday April 05, 2023 @11:57PM (#35463946)
People on HN mostly just like pretend America is perfect though, never invaded a country, dealt with criminals , dropped a nuclear bomb on a large city of civilians, etc. Only terrible people in Russia and China are capable of this.

I like America too, just important to consider a coin has multiple sides.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Thursday April 06, 2023 @12:04AM (#35463988)
It feels like to me most people on HN have the opposite sentiment: America is evil, they invade countries just for fun, drop bombs just for the lutz. In contrast, there was a time when China got a lot of support on HN before their actions evaporated it.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rnk on Thursday April 06, 2023 @02:13AM (#35464786)
People have varying opinions here but I see plenty of slagging on america's vast history of problems. We are trying to do better but let's see how we do over the next years - we can do so much better. We did all those things and worse, don't forget genocide against native americans, half the country is in denial that slavery and racism were terrible things that still impact us today. And on it goes.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by snehk on Thursday April 06, 2023 @01:37AM (#35464543)
The reason why the US doesn't like China is because the US dislikes the idea of being the #2 economy and losing control. The US has absolutely no "morals" so to say and is allied with/provides literal military support to about 70% of dictatorships[1]. The US simply acts out of national interests, not morals. History proves this. I'm baffled by how many Americans repeat state propaganda points.

[1] https://truthout.org/articles/us-provides-military-assistanc...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by senttoschool on Thursday April 06, 2023 @01:39AM (#35464562)
I've been trying to preach this on HN for months. The American propaganda is blindingly strong.

The US will work with one-party countries as long as they're not a threat economically. How else do you think that Americans cheer when factories get moved to Vietnam, which is significantly worse in human rights?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwawaymaths on Thursday April 06, 2023 @01:46AM (#35464608)
What are you even talking about. China is regularly rated lower than Vietnam on human rights rankings and Vietnam is trending towards improvement. China is trending towards regression.

https://www.rfa.org/english/news/vietnam/vietnams-human-righ...

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by bakuninsbart on Thursday April 06, 2023 @02:19AM (#35464831)
I thought this article did a quite good job at what is meant when people talk about the fight for democracy: https://responsiblestatecraft.org/2023/03/31/what-biden-mean...

Our morals in international politics are always just applied selectively, and there are few examples of where our best interest and moral considerations clash - because morality is immediately ignored or downplayed when interest is involved.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by senttoschool on Thursday April 06, 2023 @01:55AM (#35464668)
Lived in China and Vietnam. There is no comparison. I don't care if Vietnam allows their citizens to use Facebook.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by zarzavat on Thursday April 06, 2023 @01:59AM (#35464701)
When did you live in China? China today is a different country to pre-Xi or even early-Xi China.

Also China doesn’t let you go where the real human rights abuses are in Xinjiang.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by anigbrowl on Thursday April 06, 2023 @02:01AM (#35464709)
Please go into more detail, as there's a dearth of comparative information.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by RedCondor on Thursday April 06, 2023 @02:56AM (#35465082)
RFA? Come on.

>Based on Radio Free Europe/Radio Liberty, it was established by the US International Broadcasting Act of 1994 with the stated aim of "promoting democratic values and human rights", and countering the narrative of the Chinese Communist Party, as well as providing media reports about the North Korean government.[12] It is funded and supervised by the U.S. Agency for Global Media[13] (formerly Broadcasting Board of Governors), an independent agency of the United States government.

https://en.m.wikipedia.org/wiki/Radio_Free_Asia

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by HeavenFox on Thursday April 06, 2023 @01:47AM (#35464616)
To be fair, the theory that economic development leads to political liberalization isn't entirely fiction. Taiwan and South Korea both used to be de facto dictatorships.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by vkou on Thursday April 06, 2023 @02:04AM (#35464737)
Meanwhile, Russia's vastly more economically developed[1] than it was in the 90s, yet it went fully down the authoritarian slide over the past three decades.

Also, it may be worth dropping by much of the Middle East to get another reality check on this question.

The only thing economic development seems to consistently result in is a higher demand for imports.

[1] Well, the nice parts of it are much wealthier than they used to be. The provincial towns are dying, and all the productive industries have been pushed out by oil and services.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by dragonelite on Thursday April 06, 2023 @03:23AM (#35465335)
Authoritarian slide is when those global south nations don't elect our puppets....
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @02:49AM (#35465040)
This. And it's beyond sad that the majority of HN users blindly follows this more than obvious propaganda war.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by concordDance on Thursday April 06, 2023 @03:31AM (#35465376)
> I've been trying to preach this on HN for months

Please don't preach on hackernews. Instead try and communicate what you know and why you know it.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by zpeti on Thursday April 06, 2023 @02:19AM (#35464833)
> The reason why the US doesn't like China is because the US dislikes the idea of being the #2 economy and losing control

And? Do you want Xi Xinping in charge of global culture, security, finance? How is that working out for your average Chinese these days (and I’m not talking about the previous freeer era).

You want social credit scores? One man basically in charge of the global military?

You paint a picture of America as an evil empire, but what do the alternatives look like?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by aliyfarah on Thursday April 06, 2023 @02:36AM (#35464963)
I'm not even sure how to make sense of what you wrote. How did you conclude everyone on the globe will get a Chinese social credit score if China becomes #1 economy in the world? Most people outside the West don't necessarily clamour for Chinese hegemony, but want to live in a multipolar world. Why should trade between non aligned countries have to be restricted when US decides to weaponize its currency?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by vasco on Thursday April 06, 2023 @02:43AM (#35465007)
> You paint a picture of America as an evil empire, but what do the alternatives look like?

The nice alternatives don't have big enough militaries to be considered seriously, one could point at some European nations for a more measured approach, but it's hard to do it seriously when we only exist because the US saved us and continues to do so, as Europe pretty much has no military power if push comes to shove.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by jacquesm on Thursday April 06, 2023 @03:28AM (#35465361)
No military power is short selling Europe, just not as much as it probably should have, and that's because we figured war is no longer a viable option. Unfortunately recent events have shown this to be a fallacy.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @02:48AM (#35465032)
Do we want America as a world leader? Enforcing their dated moral views on us trough controlling money flow and social media? We do have accept violence but no nudity in our media when our society is the exact opposite?

Yes that's whatabouttism but the world actually does suffer from the current state as well

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kleene_op on Thursday April 06, 2023 @03:02AM (#35465132)
I'm not sure I want America to be the world leader. But I am definitely sure I don't want it to be China.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @03:14AM (#35465256)
But that's not what it is about.

China doesn't seem to try to enforce global policies (right now) nether do they claim the moral right for OUR society.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kelnos on Thursday April 06, 2023 @07:09AM (#35466763)
Sure they do. They just do it through second-order effects so it seems less obvious what's going on. I recall an instance where an American basketball team owner said something in support of the Hong Kong protests. His team was immediately banned from China, both physically and via broadcast.

Being able to publicly censor foreigners who dislike your policies is a useful power.

When you control economic access to a billion people, you don't always need guns to get others to do that you want. (China does have plenty of those guns, though, if and when they decide they need them.)

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by concordDance on Thursday April 06, 2023 @03:29AM (#35465367)
Not even "dated", nudity being OK goes back quite a way.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @03:46AM (#35465499)
That's not what I ment. Visa&Master, whoever rates movies, facebook they all allow violence but no nudity.

In Europe nudity definitely is more normal than violence. America is forcing their different moral view on our media, normalizing violence and ashaming the youth with oldschool sexual views.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fnordpiglet on Thursday April 06, 2023 @03:47AM (#35465518)
I’d note Chinese culture is even more conservative regarding nudity and just as glorifying of nationalist violence.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @03:51AM (#35465549)
I totally agree. But it doesn't influence me here in Europe.

And so far I haven't seen any signs that china is trying to change that.

While visa and master banning all related to sex has real life consequences. Same with social media showing a skewed censored view on sexuality because of morality views that do not fit the society I live in. Until a few years ago you couldn't watch TV without something exploding and the US military somehow saving the day in every second movie.

We have to comply to rules that do not apply to our society.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fnordpiglet on Thursday April 06, 2023 @04:00AM (#35465596)
I get that but I don’t get what barriers exist preventing competition that meets your cultures norms. There’s no state mandates involved? I suspect the answer is scale of market giving scale of impact, as well as overall quality of production and post production of American media. What’s your take? Particularly in the space of internet technologies it feels like “nothing stops you.” But I also think global social media companies are generally “family” oriented more than American morality oriented, and are opting for an intersection of cultural norms to be as minimally controversial as possible. Most cultures on earth are considerably more conservative than America, let alone Europe. Europe is very much an outlier in human cultures.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @04:39AM (#35465824)
You are right I guess. Movies being the best example. Netflix and all companies that followed opened up investments in international movies and within only a few years US movies appear to be the minority, at least on German streaming sites.

Today we have several real time payment methods "better" than credit card. I still can't sell a dildo with paypal, but I do have options now (if I don't care about us customers who expect credit card payments)

Social media ist lost cause anyway.

Maybe that should be my point. America is losing its influence, and it's obviously afraid. I am afraid when America is afraid because history has shown in might react wildly.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fnordpiglet on Thursday April 06, 2023 @06:23AM (#35466473)
In America this is a non issue to be honest. The rest of the world rarely registers. The American market is so vast in itself that is the primary focus. The issue of China has more to do with the courting of totalitarianism (Russia, North Korea, and various other bad guys), destabilization of international institutions, aggressive economic espionage, etc. I think the #1 vs #2 GDP is about as big a non issue to most Americans as nudity in Europe. I think this is a hold over from the 1950-1980’s, but American society now is much more insular and focused more on the Kardashians clothing choice.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by paganel on Thursday April 06, 2023 @02:50AM (#35465047)
> And? Do you want Xi Xinping in charge of global culture, security, finance?

Why not? Granted, I'm not an American. I haven't heard any Chinese Foreign minister goading of having killed hundreds of thousands of kids the same way as the US did [1], so why shouldn't the rest of the world give China a chance instead of the US?

[1] https://www.youtube.com/watch?v=KP1OAD9jSaI

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by baq on Thursday April 06, 2023 @02:56AM (#35465085)
You haven’t heard because they are very good at being quiet about what they do. Google Uighur, then google further since you now know what to look for.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by paganel on Thursday April 06, 2023 @03:34AM (#35465408)
At this point I'm treating any information coming from Western sources as propaganda and definitely questionable. It wasn't always like this, but that's what the last couple of years have made me think.

As such, I'd need other sources than Western media to tell me what to think about what happens to the Uighurs (whom I'm sure do not have an easy life, far from it).

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by baq on Thursday April 06, 2023 @05:06AM (#35466014)
Good for you. Don't assume other sources aren't propaganda, though. In fact, they're probably worse.

Chinese sources will be devoid of any information which can put a bad face on the party even in the second order effects.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kelnos on Thursday April 06, 2023 @07:03AM (#35466723)
It sounds like you're saying that, because you can't be certain of the truth presented by Western media, you're just going to assume that everyone be going on in China is just a-okay.

Maybe go ahead and find those alternate news sources, explain why you believe they are accurate, and present a conclusion?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by herbst on Thursday April 06, 2023 @02:58AM (#35465110)
You will be downvoted and ignored for 'whataboutism' but what you say is still true and one of the many many reasons why many people in the western world do not follow, appreciate or even accept the US as quasi leader.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by refurb on Thursday April 06, 2023 @08:34AM (#35467497)
I guessing you haven't read much of Chinese history? They killed tens of millions of their own people.

If the choice is between the US or China running the world, I'll pick the US, every. single. time.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by foverzar on Thursday April 06, 2023 @11:45AM (#35470009)
> I guessing you haven't read much of Chinese history

Objectively speaking, the US history of genocide, slavery and global warfare and terrorist sponsorship even before becoming an uncontested hegemony hardly makes it look better.

> If the choice is between the US or China running the world, I'll pick the US, every. single. time.

Sure, but I would bet that you might just be privileged enough to live nearby the US inner economic circle.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by DiogenesKynikos on Thursday April 06, 2023 @06:03AM (#35466368)
> You want social credit scores?

This is your daily reminder that social credit scores don't actually exist. They're a myth, a meme.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by beebmam on Thursday April 06, 2023 @02:57AM (#35465094)
The US is a state entity where its representatives are elected, and those representatives make the policy decisions on what nations get financial support for their militaries.

To claim that these representatives don't make their decisions based on morality, or any other value that individuals have, is strictly false.

One might argue that only individuals who have opinions in line with national interests are electable, but that would be bullshit. If there's anything to truly be internalized about the elections of Barack Obama followed by Donald Trump, it's that individuals have a profound influence on American policy. If there were national interests that were solely responsible for US policy, they why was both foreign and domestic policy profoundly different across presidencies?

I'm genuinely curious how your worldview has an answer to this.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by snehk on Thursday April 06, 2023 @03:40AM (#35465458)
The US support for dictatorships hasn't changed between Obama and Trump (or Biden). The US will support any dictatorship that furthers US interests and will oppose any dictatorship that does the opposite.

Thus it's perfectly valid to say that it's never about whether it's morally right to support dictatorships. China is disliked by the US because it's a threat to America being #1 economically, not because it's a dictatorship. The same is true for human rights abuses, of course.

Individual politicians might have certain morals or values. I really believe Obama wanted to close Gitmo but if you look at the results, they're absolutely predictable and not at all based on any morals the US claims to have.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by beebmam on Thursday April 06, 2023 @11:18AM (#35469510)
I think your first sentence is strictly false. For easy counterexamples, the US changed its policy towards both Cuba and Venezuela from cooperation/reproachment to outright hostility if not regime change between the Obama and Trump administrations.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fnordpiglet on Thursday April 06, 2023 @03:42AM (#35465477)
Is this the case? I thought the USAID department allocated mainly its appropriations for foreign aid not the legislature? My understanding is the allocations are guided by the president, Secretary of State, and NSC.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by sirsinsalot on Thursday April 06, 2023 @03:31AM (#35465379)
Incompetence, greed and moralistic propaganda sure can masquerade as a functioning democracy.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by beebmam on Thursday April 06, 2023 @12:31PM (#35470785)
Is your claim that the US is not a functioning democracy? Would you be willing to offer definitions of what you mean by "functioning" and "democracy"? Many people use the word "democracy" when they mean "democratic republic".
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by sirsinsalot on Thursday April 06, 2023 @06:10PM (#35475220)
I read your other replies, and disliked those too. So no, I will not be offering anything more because I do not care about what you think enough to do so.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by data-abuse on Thursday April 06, 2023 @03:29AM (#35465369)
Different leaders have different policies thus the US is a true democracy and is moral? Just because the Overton Window[1] is large in the US doesn't mean that political dissenting opinions are not suppressed.

Consider the Twitterfiles, the government is actively censoring speech critical of the FBI and politicians. Think of the Hunter Biden laptop story, do you think that if that speech was not censored that different policies would be supported by the masses and that they would elect different representatives?

People need to know information to make good decisions. If they don't know the information, obviously, they won't consider that in the decision making process

[1] https://en.wikipedia.org/wiki/Overton_window

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by beebmam on Thursday April 06, 2023 @11:16AM (#35469473)
The original claim is that the US acts out of national interest only, and doesn't take actions based on morality or other values that individuals have. To oppose that claim, one simply needs to show that individual values have at least some influence on US policy, not that individual values drive ALL policy. I've shown that
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SkyMarshal on Thursday April 06, 2023 @03:03AM (#35465145)
> The reason why the US doesn't like China is because the US dislikes the idea of being the #2 economy and losing control.

This comment gets thrown around a lot but oversimplifies things.

First, in the 90s, 2000s, and some of the 2010s ‘the US’ was China’s biggest cheerleader, investor, and supporter. Most US elites knew China would eventually become a bigger economy due to their 4x larger population, and were ok with it as long as they got to share in the wealth creation. To the extent those folks were the decision makers and thus ‘the US’, they didn’t dislike the idea of being the #2 economy.

Second, sure the US doesn’t want to lose control of the mostly peaceful, prosperous, and free rules-based order it created after the disastrous first half of the 20th century. And rightly so. There is zero chance that a cult of personality totalitarian dictator like Xi Jinping is ever going to make anything broadly better for the entire world than what the US created, despite its mistakes and flaws along the way. None. It’s completely legitimate for the US to not want to lose control of that, which would mean losing some or all of it to something worse.

I don’t agree with everything the US govt does - Iraq was a travesty, and I have no idea what went on with Libya, or what is going on with Syria, for example. But there’s a 0% chance that a world dominated by Xi Jinping and the CCP would be better.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by Emma_Goldman on Thursday April 06, 2023 @03:32AM (#35465385)
>"Second, sure the US doesn’t want to lose control of the mostly peaceful, prosperous, and free rules-based order it created after the disastrous first half of the 20th century. And rightly so."

Which has been the justification every hegemonic power has offered when working to undermine a rising power.

Whose rules are they, and who do they benefit? Who has most egregiously exempted themselves from the rules without consequence?

I agree that 'a world dominated by Xi Xinping' would be worse - though it's not clear they have any aspiration to global primacy, like the US did post-WW2 - but that's no reason to peddle myths about American exceptionalism.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by mlindner on Thursday April 06, 2023 @06:05AM (#35466376)
The world has benefited far more than the US ever did. The "rules based order" was never created to benefit the US, if anywhere, it was created by the US to benefit Europe and East Asia to highly encourage a World War 2 to never occur again. China has benefited from this order more than the US ever has. It brought them out of poverty. Now they want to discard it now they've achieved some measure of regional power.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by whinenot on Thursday April 06, 2023 @02:44PM (#35472606)
They benefit the world.

- Have you ever considered how much of your stuff comes via shipping lanes protected by the US Navy? Somali pirates got to FAFO what the USN thinks of pirates and we all see how that money making scheme has resonated around the globe.

- No US support = no Ukraine today (full stop)

- Is Taiwan still an independent country?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SkyMarshal on Thursday April 06, 2023 @08:13PM (#35476368)
> Whose rules are they, and who do they benefit?

Ask what’s left of the US middle class that, then ask the new Chinese middle class the same question. In terms of pure quantity of people benefiting, China wins - beneficiaries were hundreds of millions of Chinese who rose out of poverty, the capital owners in both China and US, and the CCP. Losers were the US middle class, which was one of the main reasons for the rise of Trump, and the US political system as a result of that.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by senttoschool on Thursday April 06, 2023 @03:14AM (#35465261)
>But there’s a 0% chance that a world dominated by Xi Jinping and the CCP would be better.

You're way too confident. As a flawed democracy, the US has dropped bombs on 1/3 of the world's population. The US has no morals. The first instinct for the Americans is to bomb. The first instinct for the Chinese is to negotiate.

Also, is the "world" just the US and Europe?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by hepinhei on Thursday April 06, 2023 @03:38AM (#35465444)
They negotiated a lot in Tiananmen Square, Hong Kong more recently and Taiwan in the near future.

Imagine the Capitol attack in China, it would be a massacre

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kelipso on Thursday April 06, 2023 @08:33AM (#35467496)
China has nuclear weapons, so obviously direct attacks on China are inadvisable. Same rules don't apply to countries without nukes.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by concordDance on Thursday April 06, 2023 @03:28AM (#35465360)
> The first instinct for the Chinese is to negotiate

The difference in behaviour seems more like an "is all you have is a hammer" thing. The fact that China can't decide to randomly bomb Nigeria is a big factor in it not randomly bombing Nigeria and the fact that France could easily bomb Lybia is a big factor in it actually bombing Lybia.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fnordpiglet on Thursday April 06, 2023 @03:37AM (#35465435)
This 1/3 (roughly 2.3B people) seems like about the most unlikely statistic I’ve ever seen. 2/3 of the world live in the top 10 counties, which include the US, and none of which had the US had any military activity in. The rest of the 200 countries make up the 1/3 you claim. Surely you don’t mean the US is carpet bombing everywhere? I suspect you might have been fed a bit of propaganda somewhere, or you’re over quantifying your emotional stance.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by rl3 on Thursday April 06, 2023 @03:32AM (#35465394)
>The first instinct for the Chinese is to negotiate.

Perhaps you should ask the Uyghurs how their negotiations are going.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by inglor_cz on Thursday April 06, 2023 @05:14AM (#35466058)
"The first instinct for the Chinese is to negotiate."

Not within China itself, no.

I think it is useful to judge a country, regime etc. by the ways it treats its own citizens when there is any disagreement between them and the government. The power imbalance between an individual citizen and the government lends itself towards abuse quite naturally.

By this standard, the US is not doing exactly great, especially towards certain ethnicities, and many European countries are better off; but China is much, much worse.

If someone wantonly isolates entire cities to stop the spread of Omicron and throws dissenters into prison or "reeducates" Muslims in camps, I don't want them to have any more power on the international scene than they already do. If only because that could inspire other countries and their politicians to behave more like Mr. Xi and his party.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by williamvds on Thursday April 06, 2023 @03:46AM (#35465511)
As I understand the history, the US started supporting China around the time of the Carter administration when Deng Xiaoping was in power. That's when China reformed to incorporate much more capitalist aspects in their economy. The Americans thought this was "their guy" who would bring capitalist democracy to China. Unfortunately they were mistaken, the CCP never had any intention of losing grasp of its authoritarian rule.

> US doesn’t want to lose control of the mostly peaceful, prosperous, and free rules-based order it created after the disastrous first half of the 20th century.

> despite its mistakes and flaws along the way

"Mistakes and flaws" is one hell of an understatement.

The global suppression of any leftist or communist leaning/related movements (operation CONDOR et al. ). The funding of guerilla and other violent groups in order to install US-friendly governments, or simply exterminate leftists (Contras, Indonesia in 1965). The installation or support of many dictators who massacred and sacked their own people (Noriega, Pinochet, throughout South America). The outright invasion of a few countries who didn't play ball.

The modern US is relatively harmless, and yes, a world dominated by the CCP would probably be worse. But let's please not forget what the US did to achieve its current world order.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by vasac on Thursday April 06, 2023 @04:04AM (#35465616)
> Iraq was a travesty, and I have no idea what went on with Libya, or what is going on with Syria, for example.

Beautifully spoken. Yet you still speak of peaceful, free and rules-based order.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by VulgarExigency on Thursday April 06, 2023 @07:13AM (#35466799)
Exactly. "I have no idea of what I am talking about, but I will repeat American State Department propaganda regardless."
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SkyMarshal on Thursday April 06, 2023 @10:21AM (#35468643)
I believe it would be worse under the CCP. Power corrupts inevitably, and our best option usually comes down to choosing who/what is the lesser evil, the more constrained in their use of that power. As many mistakes as the US has made, give the CCP the power and reach of the US’s military and little or no opposition or constraints and we’ll be begging for the bad old days of US hegemony.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pastacacioepepe on Friday April 07, 2023 @09:03AM (#35481155)
This is stockholm syndrome. You have a proven evil (USA) and a hypothetical evil (China, based on USA propaganda and not your personal experience), yet you believe the hypothetical would be worse. By the way, it's CPC, not CCP.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SkyMarshal on Friday April 07, 2023 @11:33AM (#35482692)
CCP isn’t a hypothetical evil, it’s proven too. The only thing up for interpretation is which is the lesser of two evils.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pastacacioepepe on Saturday April 08, 2023 @03:05AM (#35491220)
*CPC. UAS?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by data-abuse on Thursday April 06, 2023 @05:45AM (#35466265)
This is close, but the specific verbiage that US leaders hoped for is that China would liberalize and transition to a democracy. In the 2010s, it became clear it wouldn't happen when Xi stepped into the position that he is in today.

The US likes dealing with democracies because the US has so much know how in how to influence elections. The government and CIA has a long history of meddling in elections to get the outcome that is most beneficial for the US.

Ultimately, this has built up many dictatorships around the world that violently suppress political opinions that are detrimental to the US national security.

If you don't know what was going on the middle east with iraq, libya, and syria, read this[1]. After 9/11, before the dust settled, the US wanted to force a regime change in 7 countries that they had no proof was related to 9/11. The US decimated an entire region and sent them back to the stone age for unstated reasons. Please note, all of those countries were not democracies, so they couldn't meddle in elections for more favorable leaders.

China and Xi have been smart enough to avoid a revolution/coup to become an American colony.

https://www.salon.com/2007/10/12/wesley_clark/

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SV_BubbleTime on Thursday April 06, 2023 @12:19PM (#35470600)
>The US likes dealing with democracies because the US has so much know how in how to influence elections. The government and CIA has a long history of meddling in elections to get the outcome that is most beneficial for the US.

Foreign elections only though. They would never steer or nudge the people here that would end up being their supervisors. We know that doesn't happen.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by vjulian on Thursday April 06, 2023 @09:38PM (#35477006)
Your comment is sarcasm, right?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SV_BubbleTime on Friday April 07, 2023 @12:45AM (#35478126)
Don’t you remember the last election was the “safest and most secure in history”?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by fspeech on Thursday April 06, 2023 @12:21PM (#35470615)
"First, in the 90s, 2000s, and some of the 2010s ‘the US’ was China’s biggest cheerleader, investor, and supporter."

Sounds a bit revisionist. Maybe you don't remember what Clinton called Bush Sr during his campaign. Back then the normal trade tariff was called "Most Favored Nation" status, a concept developed by the US in the 19th century and brought to Japan and China with gunboat diplomacy. China's status was reviewed annually by Congress and some members perennially threatened to take it away. So there was an annual wave of lobby effort on show to keep the status coupled with sweeteners from China like deals to buy Boeings etc. So they renamed MFN to PNTR to make it sound more innocuous, which it was. Only with Chinese accession to the WTO did the practice end. When Bush Jr. got into office, everyone was expecting him to get tougher on China, when Chinese GDP was one tenth of US. But then 9/11 happened.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by t-3 on Thursday April 06, 2023 @07:02PM (#35475705)
> rules-based order

What rules are those?

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by pastacacioepepe on Friday April 07, 2023 @09:04AM (#35481166)
The USA rules, obviously. And they can change them unilaterally whenever they like. Lawmaker cop and judge at the same time.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by thewileyone on Friday April 07, 2023 @12:00AM (#35477900)
> a world dominated by Xi Jinping and the CCP

China has made no move to dominate the world as the West has continued to do throughout history. Even the Belt and Road Initiative is a trade initiative to benefit all participating nations. China isn't going to build military bases around the world, or force countries to adopt their political proclivities, unlike the US.

As a communist country, China inherently believes that if all grow rich, all will benefit. This is completely unlike capitalism in which "there can be only one."

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by another_story on Thursday April 06, 2023 @03:44AM (#35465491)
I don't see anything in the post of the person you're responding to that has anything to do with morals, nor the US liking or disliking China. So what exactly are you responding to?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by kelnos on Thursday April 06, 2023 @06:46AM (#35466613)
I don't care what "the US" is in this context. I care about myself and the people close to me. And I don't like what life might look like if China were to become #1 and be able to dictate even more about our lives than it already does.

The US and other Western countries are far far far from perfect. They suck in many ways. But I much prefer the West's values over that of the Chinese government's, as flawed as they might be.

Certainly another potential global hegemon could be better for the world than the US (or, perhaps, no hegemon at all). But IMO China ain't it.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by foverzar on Thursday April 06, 2023 @11:32AM (#35469760)
> to dictate even more about our lives than it already does

What exactly does China dictate about your lives?

I see people treat this like a fact, but there doesn't seem to be an incentive for China to instill its "way of life" outside of it, does there? So far this seems like a totally western outlook on external politics.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by whinenot on Thursday April 06, 2023 @02:59PM (#35472825)
>What exactly does China dictate about your lives?

Extra-territorial policing might be a good start to the list.

https://www.bbc.com/news/world-us-canada-63671943

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by lazyeye on Thursday April 06, 2023 @11:02PM (#35477513)
Ask Hong Kongers
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by hnfong on Friday April 07, 2023 @07:58AM (#35480669)
Are you or the OP in or related to Hong Kong? Because I don’t see how that’s relevant.

(Posted from Hong Kong)

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by refurb on Thursday April 06, 2023 @08:31AM (#35467466)
I agree with your point that the US has no "morals", but that's pretty much any country. It's almost 100% self-interest, hence the geopolitical theory of "realpolitik" - pragmatism over everything else.

That said, I disagree the US doesn't like China because it will be the #2 economy. The US doesn't care about that. What it cares about is a potentially hostile power.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by lazyeye on Thursday April 06, 2023 @11:00PM (#35477488)
I wonder what the long-term impact is going to be of allowing advocates for foreign powers to fully participate in Western conversations, whilst not even Chinese citizens (let alone foreigners) can advocate against their own govt in China.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by ngcc_hk on Thursday April 06, 2023 @01:56AM (#35464677)
Totalitarian country should not be rewarded and supply chain should have at least a total ban option. Look at Russia and look at Taiwan, not to mention Hong Kong.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwbadubadu on Thursday April 06, 2023 @02:12AM (#35464780)
> The more China overplays its hand in this undeclared economic war

This arrogant bigotry hurts, we (not only the US but the collective west) have shown everybody how to play this game, and were also not the first. Further, if a country puts up general taxes or protects it resources against all others's the same isn't it its good right? Hate the word war is used so easily, especially in the US, the term economic war fits more most of the uneffective and also wrong sanctions imo.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by curiousgal on Thursday April 06, 2023 @02:19AM (#35464840)
> We really should pull back some of that manufacturing and deal with the resulting pollution closer to where the goods are consumed

Or, you know, not do anything? I genuinely find it laughable that people are advocating all of this China hate because they're a dictatorship. So are the Gulf nations, I don't see anyone advocating for cutting them off. Also from a global point of view, U.S. foreign policy has caused way more harm to the world than the Chinese so it is bizarre for the U.S. to champion itself as a savior of the oppressed. I genuinely think Americans should stop drinking the Kool aid of their government being the good guy.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Thursday April 06, 2023 @02:23AM (#35464864)
There are good reasons to diversify where we get things from whether we hate China or not. We aren’t allies, our goals are different and often in opposition, etc… China sees the USA the same way and is making moves accordingly, so why should the USA be dumber than China?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by curiousgal on Thursday April 06, 2023 @02:42AM (#35464997)
Out of curiosity, what goals are those?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by seanmcdirmid on Thursday April 06, 2023 @12:43PM (#35470968)
The normal. China wants reunification with Taiwan, America likes an quasi independent Taiwan as an ally. Japan, South Korea security is a big issue for America, but China has territorial issues with either. Stability in Southeast Asia, keeping the South China sea open.

Overall, none of it really matters while everyone is making money. But China enjoys its preferential status as a developing economy while America wants it to increasingly play by the rules of a developed economy.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by throwaway4good on Thursday April 06, 2023 @02:30AM (#35464911)
The US wants China to retaliate tit for tat.

But China hasn't from the Huawei bans to the latest semiconductor blockade and I don't think they will do it here.

What China appears to be doing is to double down on investment in sanctioned sectors while keeping trade open. And I think they continue this strategy.

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by borissk on Thursday April 06, 2023 @02:36AM (#35464965)
They may continue until they are ready to invade Taiwan. And then the US and the rest of the West will have some very hard choices to make - harder than the choices Germany had to make over the Ukraine invasion.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SergeAx on Thursday April 06, 2023 @03:15AM (#35465268)
This choice would be even harder, given that the US and the rest of the West are not recognizing Taiwan as an independent state. FWIW, Kosovo seems like a totally legit state compared to Taiwan.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by virtualritz on Thursday April 06, 2023 @02:59AM (#35465116)
You have an seemingly black and white world view.

The motivations for dictatorships and democracies to behave one way or another are ultimately governed by the same principles & constraints[1].

[1] https://youtu.be/rStL7niR7gs

Re:China Plans to Ban Exports of Rare Earth Magnet Tech by SergeAx on Thursday April 06, 2023 @03:11AM (#35465211)
Do you even understand that this is the US who started this trade war?
Re:China Plans to Ban Exports of Rare Earth Magnet Tech by hutzlibu on Thursday April 06, 2023 @03:14AM (#35465260)
"Just for a moment consider what it would mean if China arbitrarily stopped exporting consumer electronics or any other category of product and what the effect on the West would be."

The economy of the west would be devastated, but so would very likely be the economy of china itself. It sounds a bit to me like the concept of nuclear war, mutual assured destruction, so no one does it.