Flooding foreign economies with cheap subventioned goods so the domestic can’t compete and go out of business and thus increasing dependency in you.
Yes, I’d say this is bad.
China isn’t forcing anybody to buy their goods at gunpoint last I checked. The fact that western markets are unable to produce comparable goods at the same prices is entirely the problem with the way western economies are structured. The whole premise for loosely regulated markets was that they were supposed to be more efficient than state planning, turns out that was a big fat lie. So now the dumb fucks in the west are crying that their failed economic model can’t compete with China. Tough!
I would argue that it is in fact bad because it’s a threat to national security and sovereignty. The Europeans are now finding out that they’re unable to produce things domestically that their people need, and have become entirely reliant on US energy exports and military protection.
Yeah, kind of, but under a capitalist system where workers can’t reap the benefits of automation and much labor is still performed in the imperial periphery it is negative.
This is just cope, though. China has better industrial capacity, and can produce high quality goods for lower prices because of this. It isn’t because of evil, it’s because China as a socialist economy is surpassing capitalist economies.
The goods produced in China are cheap because Western economies made a bet that they’d come out ahead by moving their capital out of their own economies and into China. China won the bet instead of them and now has more productive capacity than the West. Why is it China’s fault that the West had poor foresight and deindustrialized itself in exchange for short term profits? Should Chinese workers have remained poor forever instead of benefiting from Western investments?
Flooding foreign economies with cheap subventioned goods so the domestic can’t compete and go out of business and thus increasing dependency in you.
Yes, I’d say this is bad.
China isn’t forcing anybody to buy their goods at gunpoint last I checked. The fact that western markets are unable to produce comparable goods at the same prices is entirely the problem with the way western economies are structured. The whole premise for loosely regulated markets was that they were supposed to be more efficient than state planning, turns out that was a big fat lie. So now the dumb fucks in the west are crying that their failed economic model can’t compete with China. Tough!
Bad for who
It is a pretty bad deal for Western workers that our economies have deindustrialized. But that’s not China’s fault, that’s our ruling classes’ fault.
Deindustrialization itself isn’t really bad. It’s a neutral thing.
I would argue that it is in fact bad because it’s a threat to national security and sovereignty. The Europeans are now finding out that they’re unable to produce things domestically that their people need, and have become entirely reliant on US energy exports and military protection.
Yeah, kind of, but under a capitalist system where workers can’t reap the benefits of automation and much labor is still performed in the imperial periphery it is negative.
This is just cope, though. China has better industrial capacity, and can produce high quality goods for lower prices because of this. It isn’t because of evil, it’s because China as a socialist economy is surpassing capitalist economies.
The goods produced in China are cheap because Western economies made a bet that they’d come out ahead by moving their capital out of their own economies and into China. China won the bet instead of them and now has more productive capacity than the West. Why is it China’s fault that the West had poor foresight and deindustrialized itself in exchange for short term profits? Should Chinese workers have remained poor forever instead of benefiting from Western investments?