I think I can understand now. Thanks for the clarification. If you find the piece, please notify me.
I think I can understand now. Thanks for the clarification. If you find the piece, please notify me.
The thing China has to watch out for is its banks, whose power is increasing.
What do you mean? The biggest banks in China—indeed, among the world—are state-owned banks, including the PRC’s central bank, the Bank of China.
The world really is revolving faster than I had anticipated. I thought that the decline of USD hegemony would gradually occur over the span of two or three decades, but it might occur in just a few years. This year, 2023, isn’t even over, yet 21 countries—BRICS+ and ASEAN—have agreed to remove USD as the middleman in cross-border transactions.
The Americans haven’t become that deranged—yet.
Additionally, I doubt that the US will ever engage in a shooting war with a major, nuclear-armed power. Most likely, the US will try to turn Asia-Pacific countries into another Ukraine and have them fight China for it.
Edit: If that fails, then the US will either relinquish its’ neoliberal hegemony and continue the path of industrialization and modernization or it will blanket the world in nuclear fire.
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I wonder how many 18+ people play Roblox.
At least we’ll finally get some fucking health care and the oligarchs will get guillotined
You and I both know that is not going to happen. Perhaps, by the end of the century there might be some progress.
To be honest, I wouldn’t mind if the US gets nuked. At least, we’ll be free from the pain of neoliberalism.
Around 18% of the 2022 US GDP was healthcare expenditures. In comparison, around 6-7% of the 2022 PRC GDP was healthcare expenditures—despite having a population of more than 4x that of the US.
Even the big gaming industry has become a rent-extracting sector. Thank goodness, games with culture, like Genshin, exist.
::: Even though I don’t play it
In the recent ASEAN Plus Three (APT) summit, the Chinese delegation warned not to let the Asia-Pacific region turn into another Ukraine, and SE Asia seems to be following suit. The imperialists are panicking!
It’s too late. The grasp of finance capital on the US’ state of political economy is so strong that the ruling elite scoff at the notion of even providing some crumbs of the pie, i.e., imperial super profits, to placate domestic labor.
Russia, one day; China, the next. Perhaps, Iran, after that?
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Apple isn’t innovative, anyways. They implement already-existing features onto their models for a slight upgrade, and sell it at monopoly prices.
Also, planned obsolescence…
The UN, under the UN charter, already recognizes the US unilateral sanctions as illegal, but the US can afford to maintain them to this day—despite annual calls by the actual international community to cease such policies—because the USD has been the dominant reserve currency for a long time.
Now that the world is increasingly becoming more multipolar and regional-based, the US and their satellites, in Europe and Asia, are panicking.
Apparently, the problem is that US technology is present throughout SMIC operations; that, existing rules demand that companies that rely on US technology exports must seek prior consent before exchanging products that contain said technologies.
Regardless, it’s a moot point. It’s blatantly clear that the US is trying to suppress Chinese technological growth, so there’s no long-term incentive to play by the US’ rule.
Not that we as communists give a single shit about “free market competition”, there is nothing wrong with a weaker nation using protectionist measures (although we must be clear about the fact that sanctions are not protectionism, they are the polar opposite, they are aggressive economic hybrid warfare) to prevent a stronger one overrunning their economy, but it shows the hypocrisy of their own neoliberal “free trade” mantra.
My understanding is that the “free market” is to prevent foreign nations from developing their economies by means of import-substitution industrialization, for the sake of domestic monopolies taking over the foreign nations’ economies, like a parasite, and turning them into rent-extracting hosts.
In that case, it’s in the interests of all peoples of the globe to reject this form of neo-colonialism—not just communists.
Before I read the article, I had thought that the US was angry over an American company violating sanctions and helping Chinese companies.
But, nope! The US is angry that Chinese companies are…helping other Chinese companies to achieve national self-sufficiency.
This blue water boi comes to you and smacks your rear with its’ tail. How do you react?
Russia isn’t going to lose. The Ukrainian counteroffensive has been a complete failure, and Ukraine’s Western patrons are already at the stage of acceptance. Of course, Russia won’t agree to freezing the war, like what happened at Korea, because they have all the leverage.