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.
I think we agree on this.
Again, I'm not saying we should trust China, or that they are a positive force in the world, or even that we should indeed trade with them. We need to put our foot down about things like that.
All I'm saying is that the US somehow got worse than them. And by "stable", I don't mean "trustworthy" or anything, it's just that the US seems to be making a sport out of going back on deals, at least we can trust the CCP to look out for its own interests and not go back on the occasional win-win deal.
Again, I'm not saying that we should make more deals with China, but that the US is no better at this point, and we should figure out how to oust both their influences.
it's not stable though I dunno how people can't see this lol.
The US and China are in the same balance beam and at times or through different perspectives it might look like one is rising above the other but you ever seen what happens when one partner on seesaw jumps off? the other guy doesn't go up that's for sure