this post was submitted on 01 Oct 2023
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It's not just America. The CCP specifically knew what American shareholders wanted and provided a cheap source of labor for foreign businesses. By depressing the Yuan the government kept prices for services low when compared to any domestic company. It was a plot started by ruthless executives looking to sacrifice anything for lower operating costs but it was recognized and abused when the Chinese government saw how to exploit it.
And then CCP announced "Made in China 2025" a few years back and suddenly everyone realized they have been played like an absolute fool.
What's wrong with it?
China will have a monopoly on manufacturing, and they may use it as an advantage on international politics.
Many countries are forced to do that, because if they don't, they would be the one being exploited.
I'm an Indonesian, and this thing with nickel export ban makes me upset a bit.
https://www.straitstimes.com/asia/se-asia/indonesia-defends-its-curbs-on-nickel-ore-exports-amid-eu-claim-of-breach-in-international-trade#:~:text=stainless%20steel%20manufacture.-,Indonesia's%202020%20ban%20caused%20global%20nickel%20prices%20to%20soar%2C%20hitting,of%20the%20mineral%20smelting%20industry.
Everyone is doing anything to gain advantage on international politics/ economy.. when the western block are the ones on the receiving end, they don't think it's good. The exploitative acts have been occurring since the colonial times.
I'm all for cooperation for all countries. I'm all for free movements, free trade for whole world. I'm even against nationalism and I don't think it as a virtue. I really think that people should live as one and I really think geopolitics are bullshit. I think the formation of the European Union is a move in a right direction, but why define it to Europe? Why not for the whole world? In this all of us have to work together. The reason why it's going in this way, is because what has happened before.
This is the main reason I don't even criticize China for compromising on their socialism a little. If you were in their situation you'd do the same.
I'm confused here. To me, it looks like China has entirely sacrificed communism in favor of commerce, and is using the power of a one-party system to keep workers lives shitty in order to dominate global manufacturing. There's no communism at all, there's just power and wealth being grabbed by the governing party.
Is it socialism or is it communism or is this just another discussion with people who understand the words they use?
Something something material conditions. China is a country which is barely held together by glue and prayers. There are lots of times when they do act socialist, for example the meme of "China Consequences" for billionaires who blatantly break the law. That shit don't fly there.
They also secured a stranglehold over the global rare earth element market. Whoops.