Forwarded from Ben Norton - independent news
The US voluntarily de-industrialized and financialized its economy, so corporations could make more profits by outsourcing manufacturing jobs to China, to exploit workers with lower wages.
Now China has become the world's manufacturing superpower, training highly skilled workers, significantly raising their living standards, and building its own local industries, which are out-competing many US corporations.
So the US instead changes the rules of its beloved "rules-based order", imposing sanctions and waging economic war on Chinese companies.
Meanwhile, Washington blames Beijing for this reversal, ignoring how the USA's own polices of de-industrialization, financialization, and outsourcing destroyed its industrial base.
As the Financial Times puts it in this article, "America is feeling buyer’s remorse at the world it built": https://archive.fo/Hh3US
Now China has become the world's manufacturing superpower, training highly skilled workers, significantly raising their living standards, and building its own local industries, which are out-competing many US corporations.
So the US instead changes the rules of its beloved "rules-based order", imposing sanctions and waging economic war on Chinese companies.
Meanwhile, Washington blames Beijing for this reversal, ignoring how the USA's own polices of de-industrialization, financialization, and outsourcing destroyed its industrial base.
As the Financial Times puts it in this article, "America is feeling buyer’s remorse at the world it built": https://archive.fo/Hh3US
Forwarded from /r/Sino
Reuters report that Huawei can make its own 5G phone chips at home was leaked by bloggers earlier. If true, then China is replacing Western chip tech much faster than any Western observer expected.
https://archive.is/xLh2s
https://redd.it/14xn0bq
@r_Sino
https://archive.is/xLh2s
https://redd.it/14xn0bq
@r_Sino
archive.is
China's Huawei poised to overcome US ban with return of 5G phones -re…
archived 12 Jul 2023 02:48:46 UTC
Forwarded from Lacan's Whore House (Matt 🌻)
Forwarded from The World Revolutionary 🕊
Anticapitalist Surrealism 🚩🦾🔻
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Of course the invisible hand isn’t happy that kids aren’t going to be caught in the eternal dopamine hamster wheel
https://www.reuters.com/world/china/china-issues-draft-guidelines-tighten-limits-use-apps-by-minors-2023-08-02/
https://www.reuters.com/world/china/china-issues-draft-guidelines-tighten-limits-use-apps-by-minors-2023-08-02/
Reuters
China looks to limit children to two hours a day on their phones
China's cyberspace regulator said on Wednesday children under the age of 18 should be limited to a maximum of two hours a day on their smartphones, sending shares in tech companies tumbling.
Forwarded from Anticapitalist Surrealism 🚩🦾🔻 (Francesco Tangredi)
"Why is China only growing food and not cash crops???" asks brother of Hong Kong drug dealer
Forwarded from Geopolitical Economy Report
The Pentagon has admitted that a Chinese balloon that crossed into US territory in February was not spying; it was likely accidentally blown off course by wind.
But Washington and the media milked this manufactured scandal for new cold war propaganda.
https://geopoliticaleconomy.com/2023/09/20/chinese-balloon-not-spying-us-admits/
But Washington and the media milked this manufactured scandal for new cold war propaganda.
https://geopoliticaleconomy.com/2023/09/20/chinese-balloon-not-spying-us-admits/
Geopolitical Economy Report
Chinese balloon was not spying, US gov’t admits months after manufactured crisis
The Pentagon admitted that a Chinese balloon that crossed into US territory in February was not spying; it was likely blown off course by wind. But Washington and the media milked this manufactured scandal for new cold war propaganda.