this post was submitted on 31 May 2025
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You're saying that as if the US economy hasn't been a fucking bubble bath ever since the stock market got created. Bubbles don't matter apparently, which is stupid but this is the world we live in.
That's the point, they don't want to make their wages incompetitively high by inflating their cost of living and thus nominal wages to the moon like the US.
That... is the goal? Factory jobs are low-added-value, you need educated people doing high wage jobs to become a developed country.
I'm not stanning China, there are plenty of shit things aobut the country, but looking from here in Europe, it looks like they are a better partner than the US. Both of them do genocide, have a shitty human rights record, have neocolonial tendencies, shitty worker's rights, no proper democracy, etc.
But China is at least stable as a trading partner.
Not that stable. Source: am Canadian. See Meng Wanzhou and the Michaels, and the police stations.
China: Don't meddle in our internal affairs.
Also China: We are going to meddle in your internal affairs.
The Chinese use trade as a weapon more than anyone but the US right now.
How is that different from the US. Do I need to bring up the numerous international treaties the US said nah fuck that' and everyone else was like ' OK I guess'.
Because the US has done it for what 6 months? China has done this forever.