You're kidding right?
Just one example around free market: China's private sector has lost ground as state sector has gained share among top corporations since 2021 https://www.piie.com/research/piie-charts/2024/chinas-privat...
China is always a 'security threat' to the US since 1946, but it never get a high priority untill now
- 1946-1991 Cold War with Soviet - 2001-2017 Global War on Terror in MiddleEast - 2018-now Trade War and Chip War with China
I highly doubt the memory capacity of americans, it seems like americans can only remember things that are "present"
it's just like the meme
1. Remove the chip 2. Overwrite Iraq -> China 3. Insert the chip click 4. "China is our destined enemy"
Only because its been recently revealed that everyone is a security threat to the US.
So in reality, not so much.
That’s what I was taught when I grew up in the 1989ies.
And as far as I can see, that idea comes from China simply having grown its economy to a size comparable to that of the USA, nothing else?
But everyone during the Chinese miracle growth (from 1980's to today) expected China would've become the largest economy in the world by the 2020's. I guess people just didn't really take that seriously until it actually became true?
While you were basking in your arrogance, they overtook you. And now you have to deal with that. People are literally saying how they cannot do their jobs now that their stuff is not coming in from China. Why is that? You thought you were exploiting cheap labour, but meanwhile you were making them smarter with every bit of "menial" work you gave them. Now they can do anything that you can do, and a lot of it they can do better and cheaper. You are more dependent on them then they are on you. But your ego refuses to let you see it.
Here is some comparison from an uneducated nonprofessional...America is a company masquerading as a country. China is a country run like a business. Once you know the difference it will inform you of the way forward...Dankie
wow, didn't expect to see such insight here
Now China is very strong, and the west exerts very little influence
Meanwhile this is a thread about the US tech and retail sectors being unable to survive at all without imports from China.
Turns out offshoring was one of the most self-harmingly stupid decisions in US economic history.
Still - at least it prevented worker unionisation. So that was such a win for corporate America.
My memory is not very good, but it seems that something similar has happened 4 years ago, do you remember?
Now the time has come and we're in the middle of it. At least, I hope this is not just the beginning.
But your last sentence is true. Politicians and corporate executives failing to accurately extrapolate long-term consequences have not done us any favors over the past 50 years, and now we’re super fucked. It’d be hard even if we still had a competent government instead of the smoking ruin in progress.
(Thomas Friedman and his globalization-is-brilliant shtick making people think this was all OK wasn’t great either.)
Because allowing countries to maximize their comparative advantages is great for economic growth. It doesn’t make sense for every nation on earth to have their own copy of every industrial sector. We don’t need all nations to manufacture their own jet engines, oil tankers, t-shirts, and Tylenol. Trade is good.
The idea that China is a major security threat is basically brand new. Half of century of economic policy can’t be reversed in 5 years.