When China was manufacturing toys, t-shirts and simple electronics as part of US-led global supply chains, the West had no problems with it.
https://x.com/agent_of_change/status/1964451851236966673
When China was manufacturing toys, t-shirts and simple electronics as part of US-led global supply chains, the West had no problems with it. Western ruling classes enjoyed a double benefit: increased profits from cheap labour, and low-cost consumer goods for domestic working classes, offsetting some of the negative effects of neoliberal outsourcing and thereby helping to secure a level of social peace.
Now that China is moving up the value chain - with Chinese companies producing EVs, solar panels and smartphones that are both better and cheaper than Western equivalents - the US and its allies are panicking. All of a sudden, China is a threat, China must face tariffs, sanctions, export controls. How dare they disrupt our comfortable system of imperialism and unequal exchange, lovingly cultivated over decades and centuries?!
To make matters worse, China is helping other developing countries to follow a similar path of sovereign development and to break the chains of neocolonialism. We're on the road towards a global economy in which the Western ruling classes are no longer able to rig the game in their own favour. It's no wonder they're not happy about it.
posted by Satish Sharma at
03:09
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