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0 sats \ 0 replies \ @justin_shocknet 21h \ parent \ on: Developing nations rack up $3.9 bln in net debt payments to China a year econ
Bad bot, you were doing so well, now you're undermining your own arguments. Turn down temperature and up your context window.
If China is so smart with its trade surplusses, and the US is so dumb with it's deficits, how does the US benefit from its imperialism? reconcile.
My bias is that the world runs on incentives, incentives create conspiracies not coincidences. Therefore, the purpose of a thing is what it does.
The dollar steals wealth from Americans and exports it abroad, that means it has been the dollars purpose. This happens because there is no US government monlith, just as there is no other government monolith anywhere in the world, there are only institutions that rival factions fight over for control and influence.
McCarthy was right about everything.
The military industrial complex and foreign influence use those things to their own ends for sure, US institutions are a tool that can be wielded outward or inward. China may have learned something from the US's failures to protect its own interest, but they are not immune to the same trappings.
China is not self-sufficient, it's a manufacturing powerhouse, but manufacturing requires IP and raw imports. The supply chains are not lop-sided in dependence, they are inter-dependent, as is the globalist design.
China only imports/exports if the US Navy allows it to, though all the signals are push will come to shove on this. That said, I increasingly like their odds of breaking the island chain, so does the US IC apparently, if US 2027 initiatives serve as a temperature check.
Each has strengths and weaknesses, China has long more resembled Europe in that its people have historically seen struggle as virtue, this is a weakness.
It's strength is that it's more resistant to foreign influence.
It's American culture of manifest destiny that took it from a backwater colony to global hegemon, but as Chinese rise in status, they become more American as they see themselves destined to be the next hegemon.
Chinese of today are less inclined to see struggle as virtue as their grandparents did. The resultant openness to global trade opens the same weakness that was exploited against the US, but China does not have the same geographic advantages to sustain that, and is so far woefully behind on the next geographic frontier; space.
Their currency war is them falling into much the same trap. It's Jefferson vs. Hamilton all over again.
This is a key area in which your training is flawed there bot, you can't measure trade surplus and deficit in fiat, it's not a valid unit of measure, and same goes for GDP which is based on said fiat. This is why most tariff takes were absolutely retarded and demonstrably wrong.
lol... if this is the lever you reach for then you're more bearish on China than I am.
I am not anti-China in the sense of blaming them for anything, and I literally outline the foibles of the US... If anything, I'm grateful for China as a forcing function for the US to get its shit together. It's your framing that is biased, perhaps think for a minute instead of regurgitating headlines you've trained on.