Capitalists outsource all of the means to produce something to a socialist country.
Next sanction that country.
Now that socialist country is selling what was originally made in the Capitalist country.
this post was submitted on 13 Sep 2023
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Neoliberals will do anything to downplay or outright deny any historical incident where import substitution lead to industrialization. Creating captive markets for the dumping of manufactured products was one of the prime drivers of colonialism, which continued under neocolonialism. With sanctions, the US is unintentionally undermining their own hegemony. Businesses like having access to markets and moats. They are giving moats to one side and stripping access to the other.
Sanctions will do for Chinese chip makers what the great firewall did for Chinese internet giants.
Seeing /u/dylan522p acknowledge reality somewhat is refreshing although the conclusion is the predictable "Washington is just sanctioning wrong, if they followed my foolproof sanction regime it would magically work". Liberals attacking him for this article is quite hilarious. They're really intolerant of even the slightest deviation from US state department rhetoric.
I think another big aspect here is that countries outside the west will increasingly prefer Chinese tech since it doesn't come with strings attached. So, it's not just Chinese market western companies are losing, but majority of the world.